China’s top think tank has slammed the U.S. restrictions on semiconductor exports to the Chinese mainland as a move that “defies common sense,” warning it could cost American companies billions. Dr. Wang Huiyao, founder of the Center for China and Globalization, told CGTN the tech crackdown ignores basic economic principles and risks fracturing global supply chains.
🔥 “This isn’t just about China – it’s a lose-lose scenario,” Wang said, stressing that U.S. chip giants like Intel and NVIDIA rely heavily on the Chinese market. The ban could disrupt industries worldwide, from smartphones to AI development, he added.
💼 Analysts say the clash highlights growing tensions in the tech Cold War, with young entrepreneurs and startups caught in the crossfire. As one TikTok user joked: “When the U.S. and China play chess, Silicon Valley pays the bill.”
📉 With chip stocks already wobbling, will Washington rethink its strategy? Stay tuned as this high-stakes tech drama unfolds. 🎮💸
