Xi Calls for Tech Push in China After U.S. Escalates Curbs

Xi Jinping calls for revived tech push in China after U.S. escalates curbs

Xi Calls for Revived Tech Push in China After U.S. Escalates Curbs

While scarce on details, Xi’s personal intervention suggests Beijing is growing increasingly concerned about Washington’s stepped-up efforts to contain China’s efforts to advance in fields from artificial intelligence and biotech to the $600 billion global semiconductor arena. China has launched a flurry of anti-graft probes into top chip industry figures in past months. Senior officials are angry at how tens of billions of dollars funneled into the sector over the past decade haven’t produced the sorts of breakthroughs that emerged from previous national-level scientific endeavors, Bloomberg News has reported. Instead, the perception is that Washington has managed to strong-arm Beijing and successfully contain its technological ambitions.

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