Sharp China with Bill Bishop Final Updates to the Biden Chip Controls; Peak Tough on China?; PLA and CEWC Speculation; More Trump Questions than Answers in Beijing
Dec 4, 2024
The podcast dives into the latest updates on Biden's semiconductor export controls and questions their effectiveness against China. Tensions within the PLA are spotlighted, with a focus on leadership challenges and corruption investigations. Speculation surrounds the upcoming Central Economic Work Conference and the unusual absence of a November Politburo meeting. Economic tension is further discussed, particularly regarding BRICS currency and recent developments in U.S.-China relations, all while examining shifts in younger generations' media consumption habits.
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Chip Control Updates and Loopholes
- The US updated its semiconductor export controls, aiming to weaken China's advanced chip production.
- Some analysts find these updates weaker than necessary, creating loopholes while incurring policy costs.
Industry Influence and Stockpiling
- The updated chip controls are less impactful than intended due to industry lobbying and debate within the administration.
- The delay in implementation allowed companies to stockpile, lessening the controls' effect.
2022 Chip Controls and Pelosi Visit
- The 2022 semiconductor controls, implemented after Pelosi's Taiwan visit, were tougher than anticipated.
- This was due to the PRC's strong reaction, which enabled proponents of stricter controls to overcome industry resistance.