U.S. tightens exports to China's chipmaker SMIC, citing risk of military use

Hard for US-China trade to survive a shooting war

There’s a curious ambivalence in the US-China relationship these days. It seems to combine two incompatible elements. Watching the United States’ and China’s geopolitical thrusts and counterthrusts, you’d have to assume the two countries were serious rivals, if not enemies. China cracks down harshly on Hong Kong; Congress reacts with sanctions on Chinese officials. China […]