On the evening of May 21st, the closing day of the G7 Summit, nearly two months after conducting a cybersecurity review of Micron‘s products sold in China on March 31st, the Cyberspace Administration issued a notice stating that due to the potential cybersecurity issues of Micron‘s products sold in China, it posed significant security risks to China‘s critical information infrastructure supply chain and did not pass the cybersecurity review, According to laws and regulations such as the Cybersecurity Law, operators of critical information infrastructure in China should stop purchasing Meiguang Company‘s products.

At present, Meguiar‘s latest response stated: "Meguiar has received a notification from the Cyberspace Office after reviewing our products sold in China. We are evaluating the relevant conclusions and considering the next steps. We hope to continue communicating with relevant departments in China

Minister of Commerce Wang Wentao presided over a symposium on US funded enterprises

China will continue to welcome US funded enterprises to develop in China

On May 22nd, Minister of Commerce Wang Wentao presided over a symposium in Shanghai to listen to the business situation of American companies in China and their opinions and suggestions on continuously optimizing the business environment for me. Representatives of the American Chamber of Commerce in Shanghai, as well as American companies such as Johnson&Johnson, 3M, Dow, Merck, and Honeywell, attended the symposium.http://www.ic-bom.com/

Wang Wentao pointed out that China is steadfast in promoting high-level opening up to the outside world, accelerating the construction of a new development pattern, placing attracting foreign investment in a more important position, and steadily expanding institutional openness such as rules, regulations, management, and standards. Currently, China‘s economic operation is maintaining a positive recovery trend, and the market potential continues to be unleashed. These will provide more opportunities for enterprises from various countries, including US funded enterprises, to develop in China. The Ministry of Commerce will continue to provide precise and efficient services for foreign-funded enterprises and projects, protect the rights and interests of foreign investment in accordance with the law, create a market-oriented, legal, and international first-class business environment, and share the dividends of China‘s huge market and open development with enterprises from all countries.

Wang Wentao emphasized that the deep economic integration between China and the United States, as well as economic and trade cooperation based on mutual respect and mutual benefit, is in line with the fundamental interests of both countries and their peoples, and also beneficial to the entire world. China will continue to welcome US funded enterprises to develop in China and achieve win-win results.

Representatives of American funded enterprises attending the meeting expressed their gratitude to the Ministry of Commerce, especially the special team for key project work, for providing service guarantees for foreign-funded enterprises. Enterprises continue to have a positive outlook on the development prospects of the Chinese market and are willing to further cultivate the Chinese market.