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The Dutch company critical to China’s tech industry

Beijing – Chinese President Xi Jinping is known for holding significant power, so much so that he does not meet with every head of government that visits the city. Usually, he delegates meetings to his number two, Prime Minister Li Qiang, especially for smaller delegations. However, high-profile guests are granted meetings with Li Qiang and subsequently with Xi Jinping.

Dutch Prime Minister Mark Rutte is currently in Beijing and is considered an important guest by Chinese leadership. Despite the Netherlands typically playing a lower-key role as a trading partner with China, Rutte’s visit holds significance. This is likely due to his potential appointment as NATO Secretary General post his current term.

Rutte’s visit is particularly important to Beijing due to China’s dependency on a Dutch company, ASML, in the global technological race. ASML is the only producer of lithography systems used in semiconductor chip production, making it a valuable technology group in Europe. As China and the US engage in an economic war over semiconductor industry dominance, the Netherlands’ alliance with the US led to restrictions on ASML’s export to China.

Xi Jinping and Li Qiang are trying to negotiate with the Dutch government to maintain repair services for ASML machines already in China. Despite facing challenges in circumventing the embargo, China wants to ensure continued technological development. Xi criticized Rutte’s decision to join the embargo, emphasizing China’s right to progress technologically and hinting at the country’s determination to advance despite limitations.

As tensions escalate between global powers over technological supremacy, Rutte’s visit to Beijing holds strategic importance for both China and the Netherlands. The outcome of discussions between the leaders could impact the trajectory of global semiconductor industry dynamics and geopolitical relations.

In conclusion, Rutte’s visit holds significance for both China and Europe as they navigate their relationship during these turbulent times in international politics and trade relations.

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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