China Says Biden's New Chip Curbs Will Harm Recovery

The transcript discusses the US-China competition, focusing on the Biden administration's actions against China's ambitions in AI and chip making. It highlights the potential impact on US companies, particularly in the semiconductor industry, and the need for international cooperation. The Chinese Foreign Ministry's response suggests these actions could harm global supply chains and economic recovery. The complexity of enforcing such restrictions in a global market is also addressed.

What are the main reasons behind the Biden administration's recent actions against China?

• To promote US exports

• To reduce US military spending

• To improve US-China relations

• To counter China's ambitions in AI and chip making

How have US-based companies like NVIDIA responded to the new restrictions?

• They have increased their production

• They have moved their operations to China

• They have already factored them into their plans

• They have ignored the restrictions

What is necessary for the US restrictions on China to be effective?

• Complete isolation of China

• Support from semiconductor companies in allied countries

• Increased US military presence in Asia

• Reduction in global chip production

What is China's main argument against the US restrictions?

• They will strengthen China's economy

• They will backfire and harm global supply chains

• They are beneficial for global trade

• They are supported by international trade rules

What challenge does the global nature of the semiconductor industry pose to the US restrictions?

• It reduces China's influence

• It makes enforcement difficult

• It simplifies international trade

• It increases US exports