But this is easy said, not done.
Premier of the State Council of the People's Republic of China Li Qian, as noted by Reuters, during a trilateral meeting with the participation of the Prime Minister of Japan in Seoul, called on the leadership of Samsung Electronics to boldly invest money in the development of the Chinese economy. As you know, the Korean giant has a large production of memory chips in China, but its development is hampered by American sanctions.
Image source: Reuters
Over the previous six years, Samsung has invested about $24 billion in developing its business in China, as Chinese media explain. Samsung's further expansion in China is limited by US export control rules, which prohibit third countries from supplying equipment for the production of chips of a certain class to unfriendly countries. Samsung is still exempt from approval for each batch of equipment supplied to China, but this does not mean that it has been given carte blanche. Secondly, Samsung is forced to limit the development of its business in China for ten years after the US authorities provided subsidies for the construction of factories in the state of Texas.
The post Aroged: The Prime Minister of the People's Republic of China called on Samsung to increase investments in the Chinese economy appeared first on Aroged.