Four days after the investigation, how did the Ministry of Commerce characterize the Netherlands' freezing of Wingtech's assets? What countermeasures will China take?
On the evening of October 12, Wingtech Technology issued a statement condemning the Dutch government for freezing Nexperia's global operations on the grounds of "national security", saying that this move violated the principles of market economy.
However, because the matter had not been completely determined at that time, it was still inconclusive whether the specific freezing measures taken by the Dutch side were reasonable and legal, and whether Chinese companies had violated the rules. Therefore, at the regular press conference of the Ministry of Foreign Affairs the next day, spokesman Lin Jian repeatedly stressed that "it is recommended to ask the competent authorities of China" when responding to the topic.
It can also be seen from here that the Chinese side's attitude is more cautious, but because it concerns the intrinsic interests of Chinese enterprises, China's competent authorities are sure that the first time the investigation was carried out to collect evidence and understand the overall picture of things.
Now, after four days of investigation, the Ministry of Commerce has finally made a clear statement to determine the nature of the matter.
On October 16, the Ministry of Commerce held a regular press conference in Beijing. Spokesperson He Yongqian pointed out that the Dutch side extended the concept of national security and directly intervened in the internal affairs of the company through administrative means. This move by the Dutch side not only violated the spirit of the contract and market principles, but will also seriously damage the Dutch business environment and harm others.
And behind this, the United States has played the role of the initiator, and the Department of Commerce has also issued a tough warning to the United States.
It should be pointed out that before this, the Dutch government also tried to quibble. A spokesman for the Dutch Ministry of Economic Affairs claimed that the United States did not participate in the Netherlands' decision-making against Nexperia, and the timing of this action was "purely coincidental."
But China, of course, did not make such a judgment without reason, in response, the Chinese side gave sufficient evidence, and this evidence, precisely in the court documents from the relevant Dutch courts on October 14, in which it was mentioned that the Netherlands and the United States had communicated and coordinated on the penetration of the rules, the United States at the time to the Netherlands to propose to replace the Chinese chief executive and adjust the governance structure, in order to avoid the United States penetration of the rules sanctions.
In fact, including Western media also noticed a lot of U.S. conspiracy against Chinese enterprises.
The Wall Street Journal that a chief executive of ZTE said in a telephone conference with investors on Sunday that the Dutch government's directives were based on new U.S. regulations as an excuse, in fact, to seize control.
The British "Financial Times" pointed out that the U.S. government just issued export control penetration rules on September 29, adding the same level of export control to Wentai Technology subsidiaries that are included in the "Entity List" and hold more than 50% of the shares. Control, and the Dutch government's actions "closely followed the United States." This is obviously no coincidence.
In response, the Ministry of Commerce also made clear that China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.
China has already practiced countermeasures against these behaviors that cooperate with U.S. strategy and harm China's interests. For example, the South Korean company Hanwha Group imposed sanctions on its five subsidiaries in the United States and banned all domestic cooperation for cooperating with the U.S. 301 investigation into China's shipbuilding industry.
Now that the Ministry of Commerce has set the wrong behavior of the Netherlands, if the Dutch government fails to correct the wrong behavior in time, then China is likely to take the same severe measures against Dutch enterprises.