by Associated media – Associated media
Mr. Biden emphasized that the United States would continue to take necessary actions to prevent advanced American technologies from being used to undermine its own national security, without unduly limiting trade and investment, according to the White House.
Mr. Xi said that putting new sanctions on China was not “de-risking,” but creating risks. If the United States was bent on “containing China’s hi-tech development and depriving China of its legitimate right to development, China is not going to sit back and watch,” he said, according to the official Xinhua News Agency.
U.S. officials say their restrictions are necessary given China’s authoritarian government and statist economic model. But the moves have rankled Chinese leaders and pushed tensions over economic measures to their highest point in years.
The measures are not just emanating from the U.S. government: Susan Shirk, the author of “Overreach: How China Derailed Its Peaceful Rise,” said that China had pivoted toward a more self-sufficient industrial policy, and has been seeking to supplant the United States as a high-tech superpower under Mr. Xi.
“Xi openly acknowledges that while he wants China to be less dependent on other countries, he wants to keep other countries dependent on China ‘as a powerful countermeasure and deterrent’ as he put it, ‘against them cutting off supply,’” Ms. Shirk said.
Connected media – Connected media
