Caixin (October 17) stated that the Biden administration landed its heaviest blows yet in this
month’s escalation of the U.S. war on China’s semiconductor ambitions. The sweeping new
restrictions unveiled Oct. 7 affect not only the sale of advanced integrated circuits,
sophisticated chipmaking equipment and supercomputer parts but also China’s ability to hire
top talent. It said industry experts said that in the short term, the restrictions will limit Chinese
chipmakers’ ability to make certain types of electronic devices that are at the heart of modern
products ranging from household appliances to mobile phones, smart electric vehicles and
advanced military weapons. In the long term, the policies may spur China to try to accelerate
its self-sufficiency drive in semiconductors and the equipment to produce them. A Caixin
editorial (October 17) suggested that the German chancellor and some EU officials, by contrast,
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took a supportive stance on globalization and defied “decoupling.” China has expressed its
appreciation for their support. In response to the global supply chain crisis, China should send
an even stronger signal that it will continue to open up and put its globalization intentions into
action. It is crucial that China adheres to objective patterns when it comes to economic growth
and scientific and technological development, and makes proper institutional arrangements.
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