Foreign Minister of China, Wang Yi, recently tried to release more “positive energy” in an open speech emphasizing that China has no intention of challenging or replacing the U.S. and urging both nations to talk to each other and to return to the right track. Experts believe that Wang Yi’s sudden change of attitude and show of weakness explain that the United States has hit the Chinese Communist Party (CCP) where it hurts.

In response to Wang’s remarks, Taiwan-based senior political commentator Lin Bao-Hua believes that the United States’ move to counter China’s tech ambitions has really hit the nail on the head. Last month, U.S. lawmakers introduced a bill to boost the United States’ production and development of semiconductors.

China is heavily reliant on foreign imports for semiconductors. According to a report by U.S. trade body Semiconductor Industry Association, the United States currently has a great lead over China in terms of market dominance and technical advancements, despite the latter’s attempts to boost its semiconductor industry through state-backed policies.

The U.S. government officials did not respond to Wang Yi’s remarks. Quite the opposite, after a few hours of Wang’s speech, the United States sanctioned Chen Quanguo, the Party secretary of the Xinjiang region, along with 3 other CCP officials using The Global Magnitsky Human Rights Accountability Act to freeze their assets and ban their entry to the U.S.

#CCP #US #

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