At the end of the 20th National Congress of the Communist Party of China, President Xi Jinping made his first – though not entirely explicit – comments on the technology restrictions imposed by the Biden Administration around semiconductors, AI and supercomputing earlier this month.
They came just hours before The Financial Times reported today (24 October) that leading Chinese memory company YMTC has asked core staff that are US citizens and US Green Card holders to leave as it seeks to comply with Washington's latest export controls.
“Just as China cannot develop in isolation from the world, the world needs China for its development,” Xi told Sunday’s (23 October) concluding press conference, having just unveiled a new politburo packed with his supporters.
He added that China would “open its door wider to the rest of the world”, but all other signs from the meeting were that current zero-Covid restrictions (with their deleterious impacts on the...