Page 12 - Chen Xia News Today

Shanghai held a series of commemorative activities on Sunday, August 13th, marking the 86th anniversary of the Battle of Songhu, also known as the Battle of Shanghai. These events aimed to honor the soldiers who fought and sacrificed their lives during the battle against Japanese invaders, while also providing an opportunity for more people to learn about this history.

As the US Department of Commerce on Wednesday issued a statement to celebrate the first anniversary of the so-called CHIPS and Science Act, which was signed into law by US President Joe Biden, financial network CNBC reported that semiconductor manufacturers in the US are still waiting for the subsidies the act promised.

After the US restricted chip sales to China, the global semiconductor sector changed in unforeseen ways that are increasingly beyond Washingtons control.

The high-tech field is crucial for a country’s future development prospects, but it also naturally possesses the new characteristic of interconnectedness in this era. It is unrealistic for any country to isolate itself and strive for research dominance in the field of technology. The future of the technology field belongs to countries that embrace the world with open arms. If the US fails to understand this, it will only get further away from its goal to “outcompete” China.

As the Biden administration continues to push for supply chain restructuring, some US media outlets have detected more signs of

The US has always regarded any emerging country or organization, consisting of emerging countries, with an economic and political system different from its model, such as BRICS, as a challenge to its hegemony.

The crisis surrounding the US banking system is in the spotlight again as it is upsetting for the public to find that months after the most recent US bank failure, the pressure on commercial banks has actually intensified, instead of easing.

As more countries and regions take steps against Japan’s ill-fated plan to dump nuclear wastewater into the sea, the Japanese government should seriously address common concerns of the international community. Failing to do so would hurt Japan itself.

The US has waged a chip war against China to stifle the latters technological progress in cutting-edge areas, but doubts and a backlash over the potential consequences have been growing as Washingtons strategic mistake looms increasingly larger and high-tech industry players in the US fear becoming casualties in the self-defeating war.

US, South China Sea Illustration: Chen Xia/GT Hyping again the illegal and invalid South China Sea