It is reported that the 2022 G20 summit will be held on Indonesia from November 15 to 16. This G20 summit can be said to be very important, because after all, it has been a very formal offline meeting since the outbreak of the entire epidemic, and leaders of almost important countries will come, and the outside world has also begun to pay attention to whether the Chinese and US dollar leaders will meet at this summit.
Now the relationship between the two countries has ushered in a critical moment. China also hopes that the two countries can live in peace and win-win cooperation. This is also the direction that the two countries should work together to develop. However, although the US side said that it was not seeking a "new Cold War" with China, it has been saying one thing to do another, which has led to increasingly tense China-US relations.
It is reported that the US government recently asked Japan to follow the pace of US chip export restrictions to China and work with the United States to increase chip restrictions on China. After accepting the US proposal, the Japanese government is currently considering following the US action, but some Japanese semiconductor companies have expressed concerns about this.
Because they are worried that the Japanese government will follow the US to restrict the export of chips to China, which will bring them losses and lose the Chinese market. More importantly, our country has a huge semiconductor market, and among the semiconductor imported by China, Japan and South Korea account for the largest proportion.
Now the Biden administration is trying to use the U.S. influence on global technology and supply chains to prevent China from obtaining advanced chips and chip production tools and limiting China's technological development. Recently, the Biden administration has also included 31 Chinese companies and research institutions on the so-called restriction list, not allowing them to purchase American chips and obtain U.S. semiconductor technology.
Regarding the demands put forward by the US, the Japanese Minister of Economic Affairs stated that he would communicate with the US, but would also listen to the opinions of Japanese domestic companies. From this, it can be seen that Japan has begun to hesitate, because although Japan follows the US military and politically, it is inseparable from China in terms of economy. The US is now suppressing China by any means and completely disregarding Japan's own development, which will inevitably arouse dissatisfaction among Japanese companies.
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In fact, the so-called tightening of export restrictions on China is actually a disguised decoupling to China, but the United States does this to treat the EU as a "snatcher". There are many voices within the EU opposing decoupling from China. Judging from the latest data, the EU's CPI has exceeded 10% as of October. Although the EU's energy crisis has been temporarily alleviated, inflation is very serious, and the economy is facing a major crisis. All EUs now need the help of the Chinese market.
There is another news worth noting. Recently, news of large international semiconductor manufacturers have been reported about layoffs, salary cuts, and vacations. There is a big reason for this. The current international demand is constantly declining, but China still has a broad market demand. Therefore, when facing the US's choke, we have more confidence and bargaining chips, and the US's conspiracy will not succeed.
The Chinese Foreign Ministry also responded to the bad behavior of the US to win over Japan and the EU in restricting exports to China. Spokesperson Zhao Lijian said that in recent years, the US government has never stopped export restrictions to China, maliciously blocked and suppressed Chinese companies, forcing other countries to join the ranks of restricting exports to China, resulting in the destruction of global supply chains. The US move has seriously violated trade rules. China will continue to firmly resist the wrong behavior of the US and hope that some countries will make the right choice based on their own interests.
China has made it clear, and we will never bow to the US side. Last month, the Biden administration announced restrictions on the sale of Chinese companies in supercomputing and semiconductors for artificial intelligence . At that time, during a call between the Chinese and US foreign ministers, Foreign Minister Wang Yi emphasized, "The US side should stop curbing and suppressing China and not create new obstacles to bilateral relations."
And no matter how restricted the United States restricts it, it cannot slow down the recession of the United States. This is forcing China to rise, and the United States will eventually become a joke to the world.
