Europe sanctioned crypto exchange HTX. Experts say the firm is deploying tactics that could blunt the impact. 
China Leapfrogs into Global Biotech 
Tension in One of Asia’s Flashpoints 
The United States is stepping up pressure on China across multiple strategic fronts, in moves analysts say could strengthen US President Donald Trump’s hand ahead of his planned high-stakes mid-May meeting with President Xi Jinping.
But they cautioned that Beijing was likely to remain unfazed because it had already adapted to earlier curbs by reducing its reliance on the American market.
US lawmakers in the House Foreign Affairs Committee have advanced 20 new export control measures this month to tighten Chinese access to American technology and limit its ability to obtain advanced semiconductor manufacturing equipment.
Advertisement
The restrictions – which will next be debated by the rest of the Republican-controlled House – would also require US allies such as the Netherlands and Japan to more closely align with Washington’s curbs on the sale of advanced semiconductor equipment to China.
On Wednesday, Reuters reported that the US Department of Commerce had also ordered chip equipment companies to halt shipments of certain tools to Hua Hong Semiconductor, China’s second-largest chipmaker.
Advertisement
“It seems that they do worry about China’s progress in chipmaking and its recent spending spree on chipmaking machinery like lithography tools,” said Liang Yan, a professor of economics at Willamette University in the US.
Don't Miss:
-
PLA stages South China Sea drills days after ‘illegal’ Philippine territorial bid
-
Japan quake evacuees with pets find refuge at Kumamoto animal hospital
-
India and China revive Himalayan trade at high-altitude pass
-
‘It will take time to change smoking culture,’ official says after 1,200 site checks
-
Taiwan’s political parties deadlocked over efforts to boost military drone capacity