The premium cell phone fragment grew 19 percent year and 10 percent consecutively during the second quarter finished June.

The measures taken by the US to restrict chip exports to China not only violate market principles but also fragment the global semiconductor market, He said, adding that these actions not only harm the legitimate rights and interests of Chinese enterprises but also severely impact the interests of global semiconductor companies, including those from the United States.

Such measures will fragment global supply chains.

Shu Jueting, a spokeswoman for the ministry, said at a regular news conference that the unilateral actions taken by the US are intended to fragment the global semiconductor market.

"The situation of slower growth in trade would be made far worse if the world were to decouple or fragment," she said, calling for avoiding trade decoupling, creating resilient global supply chains, relieving the supply-chain tensions caused by the pandemic and regional conflicts, and fully leverage the opportunities for trade growth brought by digital services.

Summit delegates seeking 'cooperation in our fragmented world' as talks beginThe World Economic Forum Annual Meeting 2023 is underway this week in Davos, Switzerland, to promote "cooperation in a fragmented world" as multiple crises deepen divisions and fragment the geopolitical landscape.

Ignoring multilateral trade rules and conducting trade protectionist measures will not only fragment the global market system and cause disruptions in global supply chains, but also seriously distort global economic governance, said Yi Xiaozhun, former deputy director-general of the WTO.

Ngozi Okonjo-Iweala, director-general of the WTO, said that it is estimated that if the world were to fragment into two trading blocs, it would result in a 5 percent loss in global GDP in the longer term.