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China Is Losing the Chip War
Xi Jinping picked a fight over semiconductor technology—one he can’t win.
His desperate desire to break free from American global power motivates much of his policy: his partnership with Russian President Vladimir Putin, his campaign for economic self-reliance, the expansion of China’s nuclear arsenal. Xi gambled that he could partner with Russia and Iran, undermine the U.S.-led global order, and build a military designed to challenge American power—do all that and still benefit from the U.S. technology the Chinese economy needs to advance his ambitions. A day after the ban was announced, China’s foreign ministry accused Washington of “abusing export-control measures to wantonly block and hobble Chinese enterprises.” The spokesperson went on to argue that “by politicizing tech and trade issues and using them as a tool and weapon,” the U.S. “will only hurt and isolate itself when its action backfires.”
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