'The Biden administration intensified its war on China last week when it detonated a thermonuclear bomb at the heart of Beijing’s booming technology industry. In an effort to block China’s access to crucial semiconductor technology, Team Biden announced onerous new export rules aimed at a “comprehensive supply cut-off” of essential semiconductor technology which– according to one analyst– led to an “immediate operations paralysis.”
'Naturally, the Chinese government was blindsided by the draconian new rules which include “all Chinese advanced computing chip design companies” and will undoubtedly “ensure the elimination of all American products and technologies from the entire ecosystem.” The new sanctions regime will likely inflict significant damage on China’s thriving technology industry while causing considerable harm to US partners who were not consulted on the matter. '
'Biden’s onerous new export rules fit perfectly within this broader strategy of persistent confrontation and hostility. It also jibes with the oft-repeated neoconservative view that there is “no hope of coexistence with China as long as the Communist Party governs the country.” So, once again, we can see that the administration’s attacks on China are not merely designed to “contain” Chinese development but are also aimed at regime change. We believe that the recent ratcheting up of Biden’s Tech War has nothing to do with national security concerns (like “still-emerging fields of artificial intelligence and quantum computing”) but is actually another desperate attempt to preserve Washington’s loosening grip on global power.'
'At worst, the damage to China’s economy is likely to be temporary… But the impact of the incipient depression in the Western semiconductor industry may well do permanent harm.'
Full article at:
https://www.unz.com/mwhitney/bidens-tech-war-goes-nuclear/