‘Economic Coercion’: US bans tech investments in China, miffed CCP warns of impact on global supply chains
1 year, 4 months ago

‘Economic Coercion’: US bans tech investments in China, miffed CCP warns of impact on global supply chains

Firstpost  

The US has banned American companies from investing in Chinese tech businesses that have anything to do with semiconductors and microelectronics, quantum information technologies. China is very angry with this, saying it will impact global supply chains President Joe Biden has signed an executive order that will stop certain new investments from the US in China’s sensitive technology sectors, such as computer chips. China, CCP left fuming, warn of lasting impact on global supply chains China has strongly criticized President Joe Biden’s newly signed executive order that restricts US investment in technology, but for now, it has not announced any immediate retaliatory actions. Tough time for China President Biden’s executive order comes at a challenging time for China’s economy, as recent economic data highlights a slowdown in growth. In essence, the timing of the executive order and China’s economic situation could create further headwinds for the country’s growth plans and ambitions in the technology sector.

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History of this topic

US effort to curb China’s and Russia’s access to advanced computer chips ’inadequate,’ report finds
6 days, 2 hours ago

US effort to curb China’s and Russia’s access to advanced computer chips ’inadequate,’ report finds

Live Mint  

WASHINGTON — The Commerce Department's efforts to curb China's and Russia's access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate's Permanent Subcommittee on Investigations. The Biden administration imposed export controls to limit the ability of China and Russia …

China fights back against US' new chip restrictions, blocks export of key minerals needed in chipmaking
2 weeks, 6 days ago

China fights back against US' new chip restrictions, blocks export of key minerals needed in chipmaking

Firstpost  

Chinese Ministry of Commerce announced the restrictions, effective immediately, targeting gallium, germanium, antimony, and other key materials. It accused Washington of weaponising trade under the guise of national security China’s decision to block mineral shipments highlights its willingness to leverage its dominance in critical resources, as the country produces 98 per cent of the world’s gallium and 60 per cent …

China tightens curbs on exports of materials with chip-making applications to US
3 weeks ago

China tightens curbs on exports of materials with chip-making applications to US

Live Mint  

China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S. for military purposes. A ministry spokesperson said the …

China hits back against US chip crackdown
3 weeks, 1 day ago

China hits back against US chip crackdown

Al Jazeera  

Beijing bans exports of critical minerals to US, and several industry groups tell companies to avoid US chips. China has banned exports to the United States of the critical minerals gallium, germanium and antimony, which have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector. “China has been signalling for some time that …

AI and semiconductors: China hits out at latest US effort to block Beijing’s access to chip technology
3 weeks, 2 days ago

AI and semiconductors: China hits out at latest US effort to block Beijing’s access to chip technology

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong/Washington CNN — The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 4 days ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Impending chip moves expose US hypocrisy again
Trending News
4 weeks, 1 day ago

Impending chip moves expose US hypocrisy again

China Daily  

By LI YANG | China Daily | Updated: 2024-11-26 08:07 A view of the booth of Semiconductor Manufacturing International Corp during an expo in Shanghai. The Joe Biden administration is set to unveil new export restrictions on China as soon as this week, the US Chamber of Commerce told members in a Thursday email. These are typical nonmarket moves that, …

Ripple effects of US policy on Chinese trade
1 month ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

Fearing Donald Trump’s sanctions, Chinese AI businesses scramble to stockpile US chips
1 month ago

Fearing Donald Trump’s sanctions, Chinese AI businesses scramble to stockpile US chips

Firstpost  

China’s purchases of American semiconductors soared to $1.11 billion in October, a 60 per cent increase compared to the same period last year. Between January and October, chip imports from the US totalled $9.61 billion Trump’s return to the presidency has reignited concerns in China about expanded sanctions targeting its tech industry. Recent customs data reveals that China’s purchases of …

Alarmed China over Trump victory plans to choke chip industry
1 month ago

Alarmed China over Trump victory plans to choke chip industry

Firstpost  

As China dominates the supply of minerals needed to manufacture chips, it is expected to choke supplies in case Donald Trump ramps up the US-China trade war after assuming office in January Semiconductor chips are seen on a printed circuit board in this illustration picture taken 17 February, 2023. How China uses control of supply chains in trade war China …

Sino-US tech ties need deepening, not 'decoupling'
1 month, 1 week ago

Sino-US tech ties need deepening, not 'decoupling'

China Daily  

An American flag flies outside of the US Capitol dome in Washington, US, Jan 15, 2020. The new US president, with ample business experience and fewer political constraints, has the opportunity to shift away from the current administration's trial-and-error approach and adopt a more rational and pragmatic stance on China. A key assumption underpinning US restrictions on technology exchanges is …

Sino-US tech ties need deepening, not 'decoupling'
1 month, 1 week ago

Sino-US tech ties need deepening, not 'decoupling'

China Daily  

An American flag flies outside of the US Capitol dome in Washington, US, Jan 15, 2020. The new US president, with ample business experience and fewer political constraints, has the opportunity to shift away from the current administration's trial-and-error approach and adopt a more rational and pragmatic stance on China. A key assumption underpinning US restrictions on technology exchanges is …

Time to decouple from decoupling policy: China Daily editorial
1 month, 2 weeks ago

Time to decouple from decoupling policy: China Daily editorial

China Daily  

Voters in Dixville Notch, New Hampshire, went to the polls early Tuesday morning, marking the official start of Election Day voting for the 2024 US presidential election. US House of Representatives Speaker Mike Johnson recently echoed former president Donald Trump's call to repeal the CHIPS Act if he wins the presidential election, only to retract his statement a day later. …

Trump's Unpredictability Could Benefit Chinese Tech Industry: Experts
1 month, 3 weeks ago

Trump's Unpredictability Could Benefit Chinese Tech Industry: Experts

The Hindu  

The article explores the potential impact of the upcoming U.S. presidential election on the Chinese tech industry, with a focus on the impact of Donald Trump and Kamala Harris. While Trump's erratic approach could potentially benefit Chinese tech firms by easing restrictions, his combative stance and history of imposing tariffs could also have a negative impact. Conversely, Harris' more predictable …

US tech blockade on China counterproductive, self-defeating
1 month, 3 weeks ago

US tech blockade on China counterproductive, self-defeating

China Daily  

Visitors take pictures at the booth of Intel during the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept. 4, 2023. The U.S. government announced new regulations on Monday that restrict investments in China's semiconductor, AI and quantum technology sectors, effective from January next year. This move coincided with an …

China's Economic Woes Demand a Shift Towards Cooperation Over Assertiveness
2 months ago

China's Economic Woes Demand a Shift Towards Cooperation Over Assertiveness

Firstpost  

China's economic woes require fresh breath, demanding a shift towards cooperation and less assertiveness towards its fellow members of the global economy. Experts suggest that Beijing should focus on bolstering welfare measures and critical technologies, rather than engaging in aggressive expansionist policies.

US protectionism disrupting global supply chains
2 months, 3 weeks ago

US protectionism disrupting global supply chains

China Daily  

By Su Qingyi | China Daily | Updated: 2024-09-30 09:22 From the 1990s to 2008, global industrial supply chains experienced a golden era. The US' adoption of national competition logic means that it inevitably interferes with the operation of global supply chains. All countries should strengthen dialogue and cooperation, resolve differences through communication, and create a positive political environment for …

Made to order
3 months, 2 weeks ago

Made to order

China Daily  

WANG XIAOYING/ CHINA DAILY History shows that adjustments in the international economic order are closely related to the rise and fall of manufacturing in leading economies. As they progressed through stages of the manufacturing life cycle, both the United Kingdom and the United States promoted different international economic orders, from mercantilism to trade liberalization and financial liberalization. In the foreseeable …

Made to order
3 months, 2 weeks ago

Made to order

China Daily  

WANG XIAOYING/ CHINA DAILY History shows that adjustments in the international economic order are closely related to the rise and fall of manufacturing in leading economies. As they progressed through stages of the manufacturing life cycle, both the United Kingdom and the United States promoted different international economic orders, from mercantilism to trade liberalization and financial liberalization. In the foreseeable …

US roll outs new export controls aimed at restricting China’s chip industry
3 months, 2 weeks ago

US roll outs new export controls aimed at restricting China’s chip industry

Al Jazeera  

The United States has rolled out fresh export controls on quantum computers and semiconductor-manufacturing equipment amid concerns about the use of advanced technologies by rivals such as China. “Today’s action ensures our national export controls keep step with rapidly evolving technologies and are more effective when we work in concert with international partners,” Under Secretary for the Bureau of Industry …

'De-risking' efforts and exercise in futility: China Daily editorial
3 months, 3 weeks ago

'De-risking' efforts and exercise in futility: China Daily editorial

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. By leveraging closer economic ties with India and encouraging greater collaboration between the two sides in areas such as information technology, space exploration and renewable energy, the Biden administration hopes to hold back China's development by reducing its leadership advantages and, by positioning India as an …

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
4 months, 2 weeks ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

Associated Press  

WASHINGTON — It was billed as the “biggest ever economic development project” in north Michigan when Gov. “The main reason is U.S.-China rivalry, and the U.S. government prioritizes ‘national security’ over economic interests in dealing with China.” Lizhi Liu, an assistant professor of business at Georgetown University, said the trend, along with the decline of U.S. investments in China, could …

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
4 months, 2 weeks ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The main reason is U.S.-China rivalry, …

China calls on countries to resist US economic coercion
5 months ago

China calls on countries to resist US economic coercion

China Daily  

BEIJING -- China's Ministry of Commerce on Friday called on relevant countries to resist economic coercion from the US in the semiconductor sector. The ministry said that China hopes relevant countries will adhere to market principles and the spirit of their contracts, resist the economic coercion from the US, and work together to safeguard the stability of global industrial and …

Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments
5 months, 1 week ago

Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments

Al Jazeera  

US told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology. Wall Street’s semiconductor index lost over $480bn in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to …

Decoupling result of US' China policy
5 months, 4 weeks ago

Decoupling result of US' China policy

China Daily  

Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from investing in China's semiconductors and microelectronics, quantum information technology, and artificial intelligence …

Decoupling result of US' China policy
5 months, 4 weeks ago

Decoupling result of US' China policy

China Daily  

By Yifan Xu in Washington | China Daily | Updated: 2024-06-27 09:51 Capital market decoupling between the United States and China is occurring to some extent, and US restrictions targeting China have played a significant role, experts said. US President Joe Biden signed an executive order last August to establish a foreign investment review mechanism to restrict US entities from …

US lens on investments to hinder AI, chip sectors
6 months ago

US lens on investments to hinder AI, chip sectors

China Daily  

Semiconductor chips are seen on a printed circuit board in this illustration picture taken Feb 17, 2023. Washington's latest proposal to restrict and monitor US companies' and individuals' investments in key technologies in China will jeopardize the global artificial intelligence and semiconductor supply chains, and increase the uncertainty of international economic recovery, officials and experts said on Monday. Wei Jianguo, …

US lens on investments to hinder AI, chip sectors
6 months ago

US lens on investments to hinder AI, chip sectors

China Daily  

Semiconductor chips are seen on a printed circuit board in this illustration picture taken Feb 17, 2023. Washington's latest proposal to restrict and monitor US companies' and individuals' investments in key technologies in China will jeopardize the global artificial intelligence and semiconductor supply chains, and increase the uncertainty of international economic recovery, officials and experts said on Monday. Wei Jianguo, …

The Seismic Shift in the US Trade Agenda
6 months ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

US proposes restrictions for investments in Chinese tech, AI
6 months ago

US proposes restrictions for investments in Chinese tech, AI

Al Jazeera  

Draft rule would prohibit US investors from funding AI systems in China that could be used for weapons targeting, other military uses. The fleshed-out draft rule, issued on Friday, stems from President Joe Biden’s August executive order regarding the access that “countries of concern” have to American dollars to fund advanced technologies that could enhance those nations’ military, intelligence, surveillance …

Selling damaging US chip move no easy task: China Daily editorial
6 months ago

Selling damaging US chip move no easy task: China Daily editorial

China Daily  

The US side makes no bones about the core mission of Under Secretary of Commerce for Industry and Security Alan Estevez's planned visits to the Netherlands and Japan early next month. The intention is to press the two US allies to further tighten and expand their implementation of the United States' ban on high-end chip and equipment exports to China. …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 1 week ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
8 months, 2 weeks ago

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says

Associated Press  

GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s major industrial and export hubs, said the …

China criticises U.S. tightening of chip export rules
8 months, 3 weeks ago

China criticises U.S. tightening of chip export rules

The Hindu  

China has criticised the tightening of U.S. rules on semiconductor exports, saying they have created more hurdles to trade and more uncertainty in the chip industry. The Biden administration last week revised rules aimed at making it harder for China to access U.S. artificial intelligence chips and chipmaking tools, part of a larger effort to hobble Beijing's chipmaking industry over …

China's growth target achievable, appropriate, economist says
8 months, 3 weeks ago

China's growth target achievable, appropriate, economist says

China Daily  

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center for Sustainable Development at Columbia University, said in an exclusive …

US is constantly assessing expansion of export controls on chips that could boost China's military
9 months, 1 week ago

US is constantly assessing expansion of export controls on chips that could boost China's military

Associated Press  

MANILA, Philippines — The United States is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, U.S. Commerce Secretary Gina Raimondo said Monday. Last year, the U.S. Commerce Department broadened the export controls, sparking protests from China’s Commerce Ministry that the restrictions …

China pledges to increase opportunities for foreign companies as it seeks to boost its economy
9 months, 3 weeks ago

China pledges to increase opportunities for foreign companies as it seeks to boost its economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Confrontation the result of competition taken to excess at expense of cooperation: China Daily editorial
10 months, 3 weeks ago

Confrontation the result of competition taken to excess at expense of cooperation: China Daily editorial

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. Underlining the idea that constructive engagement with China is in the national interest of the US, he reiterated the White House's commitment to the "3C framework" for the US' China policy — "collaborate, compete, confront". It is finalizing a new decree aimed at excluding Chinese users …

Xi Jinping seeks to improve China’s ties with record number of countries to counter US
11 months, 2 weeks ago

Xi Jinping seeks to improve China’s ties with record number of countries to counter US

Firstpost  

In contrast to Washington’s strategy of building alliances with predominantly affluent allies, Beijing is pursuing a strategy of cultivating ties with developing nations, which constitute the majority of the world’s population, leveraging aid, trade, and investments. Chinese President Xi Jinping strengthened diplomatic ties with a record number of countries last year as part of his efforts to mobilise the Global …

China’s response to ‘de-risking’ strategy of the west
11 months, 3 weeks ago

China’s response to ‘de-risking’ strategy of the west

Hindustan Times  

The annual parliamentary sittings of China’s National People’s Congress and the Chinese People’s Political Consultative Conference—usually held at the same time—are important political events, with speeches of leaders at the meetings reflecting the country’s policy trajectory. As a new German strategy paper on China noted, “China is simultaneously a partner, competitor and systemic rival.” The paper notes that China is …

Remarks unbefitting of a commerce secretary: China Daily editorial
1 year ago

Remarks unbefitting of a commerce secretary: China Daily editorial

China Daily  

US Secretary of Commerce Gina M. Raimondo speaks at the "Senior Chinese Leader Event" held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, California, US, Nov 15, 2023. Showing the extent to which Washington and the Joe Biden administration have lost the plot, US …

Containing China's technology ecosystem will remain a US policy priority
1 year, 1 month ago

Containing China's technology ecosystem will remain a US policy priority

Live Mint  

The most significant achievement of last week’s meeting between Joe Biden and Xi Jinping was that it took place. The post-meeting readout by the White House conceded little, saying that the meeting was “candid and constructive" and set the tone at the outset by noting that the US president “emphasized that the United States and China are in competition, noting …

U.S. and China to Meet as Shifting Economic Fortunes Alter Relationship
1 year, 1 month ago

U.S. and China to Meet as Shifting Economic Fortunes Alter Relationship

Live Mint  

As Treasury Secretary Janet Yellen meets Chinese Vice Premier He Lifeng this week, the two sides find themselves in an economic role reversal. The comparative U.S. strength and Chinese weakness is a change from previous rounds of diplomacy between the world’s two largest economies, when China’s rocketing growth fed anxiety among American officials about Beijing’s geopolitical ambitions. Beijing is concerned …

Biden administration warned China to expect updated export curbs in Oct: Report
1 year, 2 months ago

Biden administration warned China to expect updated export curbs in Oct: Report

Live Mint  

The US had warned China of its plans to update rules on export of the AI chips and chipmaking tools as soon as early October, an official told Reuters news agency. Now, the Biden administration aims to limit access to more chipmaking tools in line with new Dutch and Japanese rules and to close some loopholes in export restrictions on …

US investors flag retaliation risks after Joe Biden's China tech curbs
1 year, 4 months ago

US investors flag retaliation risks after Joe Biden's China tech curbs

Firstpost  

In response to Biden’s executive order, China’s commerce ministry said it was “gravely concerned” and reserved the right to take counter-measures. While the market mostly shrugged off President Joe Biden’s move to prohibit some U.S. technology investments in China, U.S. investors said they were worried Beijing would retaliate or pull back from buying American technology. SELF-SUFFICIENCY China hawks in Washington …

China accuses US of trying to block its development and demands that technology curbs be repealed
1 year, 4 months ago

China accuses US of trying to block its development and demands that technology curbs be repealed

Associated Press  

BEIJING — China accused Washington on Thursday of trying to block its development after President Joe Biden stepped up a feud over technology and security by tightening controls on U.S. investments that might help Beijing develop its military. The Foreign Ministry accused the Biden administration of pursuing “technology hegemony” and demanded Washington “immediately revoke its erroneous decision.” It warned that …

China lodges 'solemn representations' with US over investment restrictions: Foreign ministry
1 year, 4 months ago

China lodges 'solemn representations' with US over investment restrictions: Foreign ministry

Firstpost  

“China is strongly dissatisfied and firmly opposes the United States’ insistence on introducing restrictions on investment in China, and has lodged solemn representations with the United States,” an unnamed foreign ministry spokesman said in a statement published online China’s foreign ministry on Thursday said that Beijing has lodged “solemn representations” with the United States over its new measures to restrict …

Biden issues an executive order restricting U.S. investments in Chinese technology
1 year, 4 months ago

Biden issues an executive order restricting U.S. investments in Chinese technology

The Hindu  

President Joe Biden signed an executive order on August 9 to block and regulate high-tech U.S.-based investments going toward China— a move the administration said was targeted even though it reflected an intensifying competition between the world's two biggest powers. The order seeks to blunt China's ability to use U.S. investments in its technology companies to upgrade its military while …

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