{"id":432875,"date":"2024-09-23T08:48:26","date_gmt":"2024-09-23T03:48:26","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=432875"},"modified":"2024-09-23T08:48:26","modified_gmt":"2024-09-23T03:48:26","slug":"us-technological-restrictions-do-not-hinder-chinas-economic-progress","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/us-technological-restrictions-do-not-hinder-chinas-economic-progress\/","title":{"rendered":"US technological restrictions do not hinder China\u2019s economic progress"},"content":{"rendered":"<p> BEIJING<br \/>\nThe United States and its allies are increasingly adopting a geopolitical competition mindset to address international relations, resulting in heightened conflicts and confrontations worldwide.<br \/>\nThis was stated by Chinese former Envoy Wu Hailong here at the Sub-Session on International Relations of the 8th Taihe Civilizations Forum, according to a report carried by China Economic Net.<br \/>\nU.S. Deputy Secretary of State Kurt M. Campbell has repeatedly asserted that China represents the greatest challenge in U.S. history. This perspective embodies a rigid Cold War mentality and a zero-sum approach prevalent within U.S. policy-making circles.<br \/>\nHowever, does this strategy truly serve America\u2019s long-term interests? Wu Hailong argues that \u201cdespite the economic and technological restrictions imposed by the United States and its Western allies, which are driven by geopolitical motivations, these actions have not hindered China\u2019s progress.<br \/>\nInstead, they have become catalysts for China\u2019s technological innovation.\u201d He emphasized China\u2019s commitment to enhancing and expanding its product capabilities. In the semiconductor sector, the U.S. sought to stifle China by restricting exports of lithography machines from Dutch manufacturers.<br \/>\nHowever, China has recently announced that it can now produce its own lithography machines, according to the Ministry of Industry and Information Technology. Moreover, chips have become China\u2019s leading export commodity, with chip exports surpassing 500 billion yuan in the first half of this year\u2014an increase of 26% year-on-year. China is poised to become the world\u2019s largest exporter of chips by 2030.<br \/>\n\u201cThis demonstrates that U.S. pressure has not hindered the development of China\u2019s semiconductor industry; rather, it has accelerated China\u2019s independent research and development in this crucial area,\u201d Wu noted.<br \/>\nIn telecommunications, Huawei emerged as the top smartphone vendor in China during the first half of 2024, despite facing significant restrictions from the U.S. The digital economy in China is one of the fastest-growing sectors, further highlighting this resilience.<br \/>\nChina has also showcased formidable competitiveness in new energy vehicles, achieving a 68% global market share. Its photovoltaic industry has consistently ranked first in production worldwide, becoming a vital contributor to global green energy initiatives.<br \/>\nWu remarked, \u201cThe U.S. containment policy towards China has a double-edged effect, particularly on American companies.\u201d A recent Reuters report indicated that California Democrats urged the Biden administration to pause plans for new restrictions on technology exports to China, warning that further controls \u201ccould send longstanding U.S. companies into a death spiral.\u201d<br \/>\n\u201cThe challenges faced by the U.S. are largely self-inflicted. Shifting harm on others will not resolve its own issues,\u201d Wu pointed out. As U.S. economic strategist David Goldman aptly noted, \u201cNo matter what obstacles are placed in front of China, it will rise to the challenge and overcome them.\u201d<br \/>\nWu concluded with a philosophical reflection: \u201cWhen the United States seeks to undermine others today, it may face dire consequences tomorrow.\u201d This underscores the notion that pursuing gains at the expense of others often leads to negative repercussions.<br \/>\nThe U.S. must recognize that the world is interconnected, and suppressing one nation will not yield benefits for another. True peace and development can only be achieved through cooperation and mutual benefit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING The United States and its allies are increasingly adopting a geopolitical competition mindset to address international relations, resulting in heightened conflicts and confrontations worldwide. This was stated by Chinese former Envoy Wu Hailong here at the Sub-Session on International Relations of the 8th Taihe Civilizations Forum, according to a report carried by China Economic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":432921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-432875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US technological restrictions do not hinder China\u2019s economic progress<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/us-technological-restrictions-do-not-hinder-chinas-economic-progress\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US technological restrictions do not hinder China\u2019s economic progress\" \/>\n<meta property=\"og:description\" content=\"BEIJING The United States and its allies are increasingly adopting a geopolitical competition mindset to address international relations, resulting in heightened conflicts and confrontations worldwide. 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