During a visit to Beijing in April, Huang met with Vice Premier He Lifeng, telling him that he “looked favourably upon the potential of the Chinese economy”, according to state news agency Xinhua.
Huang said he was “willing to continue to plough deeply into the Chinese market and play a positive role in promoting US-China trade cooperation”, Xinhua said.
The tightened US export curbs come as China’s economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth.
President Xi Jinping has called for the country to become more self-reliant as uncertainty in the external environment increases.
Xi said last month that China should “strengthen basic research, focusing our efforts on overcoming challenges in key technologies such as advanced chips and core software, and building an autonomous AI system”, according to Xinhua.
Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing’s military systems and otherwise undermine US dominance in artificial intelligence.
Source: CNA
