Just as they seemed relaxed, their relationship United States of America And Chinese They exploded again. This Wednesday, President Joe Biden signed an executive order banning companies from operating. venture capital of his country investment in three key sectors economy Chinese: semiconductors and microelectronics, quantum computing and some artificial intelligence (AI) systems.
Restriction Washington infuriated beijingHe described this as “economic coercion and technological harassment” and warned that he would “resolutely protect his rights and interests” without detailing what measures he would take. The Xi Jinping regime has filed a formal complaint to the United States. investment The American “abuses the concept of national security and politicizes trade relations. Their real aim is to deprive China of its right to develop and to maintain its own hegemony.
The Chinese Foreign Ministry demanded that this blockade be lifted “immediately”, but the Chinese Foreign Ministry demanded that this blockade be lifted “immediately”. White House choose to take a step back. And Biden, in his letter to Congress, justified the undermining by claiming that they “promoted” these three sectors of the Chinese economy.technologies and sensitive products critical to military, intelligence, surveillance or cyber capabilities that pose a threat to the United States.
overall effect
In a statement, China’s Foreign Ministry said with regret that the restriction “serious violations of the principles of market economy and fair competition” and “disrupts the functioning of global industry and supply chains” to harm US companies and Chinese companies. other countries of the world.
Biden’s decision once again fuels a technological war that strains the already complex relationship between the world’s two greatest powers. While Washington has not yet detailed how it will be implemented, G7 to follow in his footsteps and adopt a brutal investment blockade in Chinese technology, thereby putting sticks in the wheels of the “solid environment for economic cooperation and bilateral trade” demanded by Beijing.
This threatens to escalate the problem and turn it into the focus of multilateral turmoil. This European Commission He announced this Thursday that he will “closely” examine Biden’s executive order and hopes to “continue co-operation on this issue” with the US administration. Spokesperson of the Ministry of Economy Germany He went further to confirm that Berlin “will actively participate in this process,” according to statements made to Reuters.
HE United KingdomIt is also investigating the measure to determine whether British companies’ investments in the Asian giant would pose a risk to its national security. London and Washington signed a new agreement last June to strengthen their alliance and deepen their economic, technological and climate relations.