The administration of US President Joe Biden has presented new export regulations designed to slow down China’s technological and military progress.
For example, American chip companies should stop supplying specific equipment to peers who China wholly owns.
The US government also wants to prevent foreign companies from selling advanced chips to China. The equipment supply to Chinese companies that can make their chips should also be stopped. However, the government has admitted that the Americans have not been given any promises of similar measures by allied nations.
“These measures could set the Chinese back years,” said a cybersecurity expert at the Center for Strategic and International Studies (CSIS), a US think tank. According to him, current policy refers to the strict regulations at the height of the Cold War.
Relations between China and America have been tense for some time. Last year, the US Senate approved massive investments to reduce China’s economic power, especially in technology. Biden also expanded the list of Chinese companies in which investments are no longer allowed.