Sharp China with Bill Bishop (Preview) US-China Meetings and De-Escalation; Chokepoint Clarity; Embassies in London and Spies in Russia; Xi's Latest Curbs on Party Boozing
Jun 11, 2025
Tensions between the U.S. and China are on the table as both nations seek to de-escalate following recent meetings. The discussions reveal the U.S.'s concerns regarding China’s rare earth leverage and potential easing of tech export controls. A surprising connection emerges with espionage fears tied to a Chinese embassy in the UK. Meanwhile, Xi Jinping's efforts to curb party excesses make headlines, and a notable visit by Victor Wembanyama to a Shaolin Monastery adds an unexpected twist to the conversation.
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Mutual Economic Pressure Tactics
- The US has imposed economic sanctions that significantly impact Chinese industries, including commercial aircraft development.
- China reciprocates by leveraging export controls on rare earth magnets citing national security concerns, mirroring US semiconductor export strategies.
Potential Shift in Tech Export Controls
- Recent talks in London including the US Commerce Secretary hint at possible adjustments in US semiconductor export controls.
- NVIDIA is lobbying to continue sales in China, indicating potential easing of restrictions on AI chips.
Escalate-Deescalate Cycle in Relations
- Both US and China have significant escalation options that could deeply damage each other's economies.
- The current cycle seems to be periodic escalation followed by attempts to de-escalate through talks to avoid critical damage.