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US sanctions on Chinai

The United States imposed a series of sanctions on China in 2020 over human rights concerns. The US imposed visa restrictions and sanctions on Chinese officials and businesses, citing repression of Uygurs and other ethnic minorities in Xinjiang and Beijing's militarisation of its claims in the South China Sea. The US also sanctioned Hong Kong and mainland Chinese officials deemed responsible for undermining Hong Kong's autonomy and freedoms. Beijing responded by banning a slew of US officials from entering China or doing business in China. US President Joe Biden's administration has signalled that human rights concerns will be a priority, and it could impose further sanctions on China.

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  • The drone industry’s annual output reached US$16.5 billion last year, up more than 34 per cent from US$12.3 billion in 2021
  • The number of drone-related enterprises in the country reached more than 15,000 at the end of 2022, a 25 per cent increase from 12,000 a year earlier

Washington is said to be preparing regulations to curb investment into ‘critical sectors’, a move experts said would reduce capital flows and which Beijing said is ‘harmful and serves no one’s interests’.

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VTB Bank’s Andrey Kostin warns that ‘it’s very dangerous to rely on America’, after Russia’s second-largest lender lost billions last year upon being cut off from the US dollar and euro.

Influential US lawmaker Mike Gallagher has called for trade curbs on Chinese memory chip maker Changxin Memory Technologies after Beijing banned the sale of some chips by US-based Micron Technology.

The Bureau of Industry and Security has a growing portfolio, including restricting exports to Russia and China, but the agency urgently needs more resources, experts say.

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Democrat leader Chuck Schumer called the ban a ‘troubling use of economic coercion’, and says he wants to make clear to Beijing that such behaviour is ‘unacceptable’.

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China’s growing demand for chips used in electric vehicles, servers in data centres and artificial intelligence applications provides a vast opportunity for RISC-V processors to flourish.

Oppo, the fourth largest smartphone brand in the world, announced the move in a short statement on Friday after giving employees less than a day’s notice.

A US lawmaker and witnesses call for Washington to sanction judges and prosecutors who have been ‘complicit’ in the deterioration of the rule of law in Hong Kong.

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This development underscores the resolve of China’s semiconductor industry to continue growing and innovating, despite their struggles with US trade restrictions.

The world’s second-largest memory chip maker has denied reports that it plans to dispose of that new facility amid US restrictions on exports of hi-tech manufacturing equipment to China.

A possible ban on Micron products in China is expected to enable Yangtze Memory Technologies Co and other mainland suppliers to fill the void left by the US firm in the world’s largest semiconductor market.

Representative Chris Smith, chairman of the Congressional-Executive Commission on China, writes to Chinese leader Xi Jinping to request a visa to visit Xinjiang, where there is evidence of forced labour.

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