In a recent interview with CGTN, Wang Huiyao, founder and president of the Center for China and Globalization, criticized the United States' decision to ban chip exports to China. Wang argued that such a move defies common sense and economic principles.
He warned that if the U.S. enforces this ban, American companies are likely to suffer significant losses. Wang further stated that the ban works against mutually beneficial economic relationships and is contrary to established economic logic.
Reference(s):
cgtn.com
