Politico: US may impose ‘unprecedented’ restrictions on China

The US is preparing “unprecedented” measures to limit US investment in China. About this with reference to sources reported Politico.

The administration of US President Joe Biden may ban companies from certain transactions with China in “critical sectors”, such as the purchase of microchips, and also begin to require that the government be informed about planned investments in the Chinese market, the publication says.

The newspaper notes that after the publication by China of new customs data, according to which trade with the US and Europe declined in the first quarter of this year, the US authorities slightly softened their position on China.

April 17 Financial Times reportedthat Beijing is going to launch a sanctions counterattack on the United States, which has introduced a large number of trade and technological restrictions against China over the past five years, primarily in the critical area of ​​semiconductors.

According to the newspaper, China is conducting an “audit” of Western interests in the country, and is also exploring the possibility of restricting Western countries’ access to materials and technologies that are needed by the auto industry, including for the production of electric vehicles.

On March 20, Chinese President Xi Jinping arrived in Moscow for a three-day visit. On the same day, the Chinese President had an informal meeting with Russian President Vladimir Putin, during which they discussed the situation in Ukraine and in the world. The next day, March 21, the main program of the visit took place, where the leaders of the two countries held talks in a narrow format, and then held a meeting with the participation of the delegations of Russia and China.

The White House said that China is not an impartial party in the situation around Ukraine, since Beijing “did not condemn” the conduct of the special operation and did not refuse to buy Russian energy resources. In addition, Xi Jinping has never spoken to Ukrainian President Volodymyr Zelensky yet, but he flew to Moscow, Washington added. At the same time, the visit of the President of China to Russia will not affect relations between the United States and China, the White House noted.