Chinese leader Xi Jinping has made self-sufficiency a major pillar of his economic strategy to make China a tech superpower. On Monday, the US Commerce Ministry announced curbs on the sale of two dozen types of semiconductor-making equipment and restrictions on numerous Chinese companies from accessing American technology. China’s Commerce Ministry condemned the move, accusing the US of “abuse” of export controls and posing “a significant threat” to the stability of global industrial and supply chains. ‘Strongest ever’ controlsSenior US officials have also accused China of outright stealing American-made AI software, which Beijing denies. Last October, the Commerce Ministry reduced the types of semiconductors that American companies can sell to China, citing the desire to close loopholes in regulations announced in 2022.

---

Persons: Biden, Donald Trump, Xi Jinping, China’s, “, Gina Raimondo Organizations: Washington CNN, US Commerce Ministry, China’s Commerce Ministry, Communist Party, ‘ Strongest, Commerce Ministry, Trump, China Construction Bank Locations: China, Hong Kong, Washington, Beijing, Taiwan, People’s Republic of China, ICBC