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China reduced another $44.8 billion in foreign exchange to buy gold, and the United States revoked its semiconductor export license to China

author:Yu you go together

Preamble:

In recent years, Sino-US relations have been full of turmoil, and the field of science and technology has become the top priority of competition between the two countries. Especially in the field of semiconductors, the U.S. government has been taking various measures to try to restrict the development of Chinese companies, and the most representative of them is a series of sanctions imposed by the United States on Huawei. Recently, the U.S. government announced the revocation of the semiconductor export licenses of American companies Intel and Qualcomm to Huawei, which will undoubtedly have a certain impact on Huawei's development and also have a certain impact on the pattern of China's technology industry.

China reduced another $44.8 billion in foreign exchange to buy gold, and the United States revoked its semiconductor export license to China

1. The United States has tightened restrictions on Huawei

Since May last year, the U.S. government has imposed various sanctions on Huawei, not only adding it to the Entity List, but also restricting U.S. companies from doing business with Huawei. Recently, the United States announced the revocation of the semiconductor export licenses of American companies Intel and Qualcomm to Huawei, which will undoubtedly have a certain impact on Huawei's development.

In fact, the United States has always held an exclusive mentality towards Huawei, believing that Huawei is just a Chinese company, and it is impossible to build its own technology ecosystem outside the Western technology system. Therefore, the U.S. government has been taking various measures to try to restrict Huawei's development, and the revocation of the semiconductor export license this time is undoubtedly a blow to Huawei.

In fact, the reason why the United States will take such measures against Huawei is still quite complicated. First of all, they believe that Huawei has achieved certain results in the fields of communications, chips and artificial intelligence, which poses a certain challenge to the US technology industry. Second, they don't want to see Chinese companies such as Huawei build their own technology ecosystems outside of the Western technology system.

China reduced another $44.8 billion in foreign exchange to buy gold, and the United States revoked its semiconductor export license to China

Second, Huawei may become a leader in China's smart car field

It can be said that this series of technical restrictions imposed by the US government on Huawei will undoubtedly have a certain impact on the pattern of China's technology industry. First of all, in the field of smartphones, Huawei's sales and market share may be affected to a certain extent, but in other fields, such as smart cars, Huawei's development momentum may be even more rapid.

In recent years, with the rapid development of electric vehicles, smart cars have gradually become the development trend of the entire automotive industry. In the field of smart cars, Huawei's technical strength is undoubtedly very strong, especially in intelligent driving technology, Huawei has made a series of breakthroughs.

It is foreseeable that with the continuous development of 5G and artificial intelligence technology, the competition in the field of smart cars is bound to become more and more fierce, and Huawei is likely to become a leader in the field of smart cars in China in the future by virtue of its advantages in the field of communications and chips to boost the intelligence of China's electric vehicles.

China reduced another $44.8 billion in foreign exchange to buy gold, and the United States revoked its semiconductor export license to China

Third, the financial landscape between China and the United States may be reshaped

In addition, this kind of technical restrictions imposed by the United States on Huawei will also have a certain impact on the financial structure between China and the United States. In fact, the United States has always been the dominant player in the global financial system, and their technological control of Huawei will undoubtedly reduce the demand for China's holding of US dollars, and intensify the reshaping of the financial landscape between China and the United States.

It is foreseeable that after the United States has repeatedly used the global dominance of the dollar to impose sanctions and suppression on other countries, other countries will inevitably realize the risks of the dollar's dominance and will accelerate the search for other alternatives. China, the world's second-largest economy, may move faster to push for alternatives such as digital currencies.

In fact, China has already begun piloting the digital yuan and plans to roll it out more widely at the 2022 Winter Olympics in Beijing. It can be said that as the United States tightens its technological restrictions on Huawei, others will become more aware of the risks of dollar dominance, China's alternative will be more welcome, and the financial landscape between China and the United States will be reshaped to some extent.

Epilogue:

It can be seen that the U.S. technical restrictions on Huawei will undoubtedly have a certain impact on the global technology industry pattern. On the one hand, Huawei's development in the field of smartphones and communication equipment may be affected to a certain extent, but in other fields, such as smart cars and digital currency, Huawei's development momentum may get better and better.

Of course, the US move will also arouse the concerns and opposition of other countries, who do not want to see the US insisting on going its own way and undermining the global pattern of scientific and technological cooperation. Therefore, China also hopes to provide more ideas and solutions for the development of the global science and technology industry through its own efforts, promote cooperation in technology research and development and innovative application of various countries, and jointly address various global challenges.

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