China has accused the United States of obstructing its development after President Joe Biden tightened controls on technology and security, further escalating the feud between the two countries. The Chinese Foreign Ministry criticized the US for seeking technology hegemony and demanded the immediate reversal of its decision. China warned that these new restrictions in an ongoing conflict over Beijing’s industrial development would disrupt global supply chains.
On Wednesday, President Biden signed an order targeting advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence. The purpose of the order is to restrict US investments in industries that could contribute to the military advancement of China’s ruling Communist Party. This order adds to existing restrictions that limit Chinese access to US processor chips used in smartphones, artificial intelligence, and other technologies, citing security concerns. Chinese companies linked to military modernization are already prohibited from American financial markets.
China’s Foreign Ministry accused Washington of attempting to deprive China of its development rights and maintain its own hegemony. The Ministry of Commerce also stated that China would firmly defend its own rights and interests. However, no specific actions of retaliation were mentioned.
China has responded similarly in the past to US trade restrictions, often making comments but not taking concrete action. Meanwhile, President Biden addressed the issue at a fundraiser for his reelection campaign, referring to China as a ticking time bomb. Although acknowledging China’s problems, he emphasized his intention to avoid escalating tensions, stating that he was not looking for a fight.
The ongoing dispute between China and the US regarding technology and security continues to strain relations between the world’s two largest economies. As both sides take measures to protect their interests, concerns grow about the impact on global supply chains and the potential for broader geopolitical tensions. The development and enforcement of these restrictions will have significant consequences for the technology and security landscape, influencing the future trajectory of China-US relations.
Frequently Asked Questions (FAQs) Related to the Above News
What is the current dispute between China and the United States?
The current dispute between China and the United States revolves around technology and security. The US has tightened controls on technology and security, imposing restrictions on certain industries and investments that could contribute to China's military advancement.
What actions has President Joe Biden taken to tighten controls on technology and security?
President Biden has signed an order targeting advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence. The purpose of this order is to restrict US investments in industries that could potentially enhance China's military capabilities. These restrictions add to existing limitations on Chinese access to certain processor chips used in smartphones, artificial intelligence, and other technologies.
How has China responded to the US restrictions?
China has accused the US of obstructing its development and seeking technology hegemony. The Chinese Foreign Ministry and Ministry of Commerce have criticized the US and demanded an immediate reversal of its decision. However, no specific retaliatory actions have been mentioned.
What has been the US's justification for imposing these restrictions?
The US has cited security concerns as the main justification for imposing these restrictions. They argue that limiting Chinese access to certain technologies and industries is necessary to prevent China's ruling Communist Party from utilizing them for military purposes.
Are there any existing restrictions on Chinese companies in the US?
Yes, Chinese companies linked to military modernization are already prohibited from American financial markets. This has been an existing restriction in place.
How has President Biden addressed the issue and what is his stance?
President Biden has referred to China as a ticking time bomb at a fundraiser for his reelection campaign, acknowledging the problems posed by China. However, he has emphasized his intention to avoid escalating tensions and stated that he is not looking for a fight with China.
What are the potential consequences of this ongoing dispute?
This ongoing dispute has the potential to strain relations between the two largest economies in the world. Concerns are growing about the impact on global supply chains and the potential for broader geopolitical tensions. The development and enforcement of these restrictions will have significant consequences for the technology and security landscape, influencing the future trajectory of China-US relations.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
