nal tariffs are foreign funded. Many of them are US companies whose primary market is in the United States, Wang said.

The recent US moves “abruptly interfere with” the normal order of th

e global integrated circuit industry and undermine its stable development, he said.

China’s chip industry has grown on average 20 percent annually since

2012, with sales revenue reaching 653.2 billion yuan ($94.7 billion) in 2018, Wang said.

He conceded that there is a significant gap between China and global leaders in the overall design, manu

facturing, testing of the relevant equipment and raw material processing for integrated circuits.

The tariff hikes will bring troubles in China’s overseas manufacturing market, but they

will not lead to a decline in China’s manufacturing sector, Mei Xinyu, a researcher at the Chines

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