China accuses the US of "naked economic coercion and technological bullying"
over its consideration of new restrictions on US investment in Chinese entities
involving specific sensitive technology.
While US Treasury Secretary Janet Yellen claimed the new measures are
motivated solely by concerns about security and values, Beijing argues that the
move is designed to block its path to economic advancement, as tensions between
the two nations continue to escalate.
China has already faced technology sector restrictions imposed by the US and
its allies, and Chinese authorities are doubling down
on the need to move away from imports for key sectors such as semiconductors. |