The Biden administration has reportedly devised a new plan to crack down on Chinese high-tech companies by considering a ban on US investments in those companies, a move experts said again reflects Washington s anxiety over China s high-tech development after many previously launched policies have proved ineffective.
The US has reportedly secured a deal with the Netherlands and Japan on chip export controls against China, using stepped-up pressure on its allies. However, experts said that the latest US move and more potential containment won t beat down China, as Chinese semiconductor firms are making all efforts to achieve breakthroughs in core technologies for self-reliance.
China further optimized its anti-COVID-19 measures on December 7, ushering in a new chapter in the response to the pandemic. While the lifting of restrictions boosted confidence in a rapid economic recovery, some foreign media outlets have taken every opportunity to attack China’s anti-COVID measures and China’s economy. To debunk such cliché “China collapse” claims, the Global Times is publishing a three-part series to illustrate how Chinese ingenuity and diligence not only keep export, investment and consumption – three pillars of the Chinese economy – resilient over the past three years but also ensure long-term development despite challenges. This is the second article focusing on how the Chinese government and private sector prioritized investment in “new infrastructure,” a game changer for the country’s economic future.
Chinese experts on Wednesday blasted the US constantly escalating crackdowns on Chinese high-tech companies, saying the US trick of sanctioning firms is losing its marginal effect, after a Chinese wire and cable maker was reportedly accused by the US government of
The US Senate on Wednesday passed a chip bill that is intended to counter China s high-tech rise under the guise of shoring up US competitiveness and protecting national security, a