On Monday, executives from the three major chip giants in the US - Intel, Qualcomm, and Nvidia - met with US officials, including Antony Blinken, to voice their opposition to the Biden administration's plan of imposing further restrictions on chip sales to Chinese companies and investments in China. The Semiconductor Industry Association also released a similar statement, opposing the exclusion of US semiconductor companies from the Chinese market. First of all, we mustn't believe that the appeals of these companies and industry associations will collectively change the determination of US political elites to stifle China's progress. These US elites are very fearful of China's rapid development, and they see "chip chokehold" as a new discovery and a successful tactic formed under US leadership and with the cooperation of allies. Currently, the chip industry is the most complex technology in human history, with only a few companies being at the forefront. They are mainly from the Netherlands, Taiwan island, South Korea, and Japan, most of which are in the Western Pacific. These countries and regions are heavily influenced by the US. Although these companies have their own expertise, they still use some American technologies in their products. Therefore, Washington quickly persuaded them to form an alliance to collectively prevent the Chinese mainland from obtaining chips and manufacturing technology. Washington is proud of this and wants to continuously tighten the noose on China. The New York Times directly titled an article "'An Act of War': Inside America's Silicon Blockade Against China, " in which an American AI expert, Gregory Allen, publicly claimed that this is an act of war against China. He further stated that there are two dates that will echo in history from 2022: The first is February 24, when the Russia-Ukraine conflict broke out, and the second is October 7, when the US imposed a sweeping set of export controls on selling microchips to China. China must abandon its illusions and launch a challenging and effective counterattack. We already have the capability to produce 28nm chips, and we can use "small chip" technology to assemble small semiconductors into a more powerful "brain," exploring 14nm or even 7nm. Additionally, China is the world's largest commercial market for commodity semiconductors. Last year, semiconductor procurement in China amounted to $180 billion, surpassing one-third of the global total. In the past, China had been faced with the choice between independent innovation and external purchases. Due to the high returns from external purchases, it is easy for it to become the overwhelming choice over independent research and development. However, now the US is gradually blocking the option of external purchases, and China has no strategic choice but to independently innovate, which in turn puts tremendous pressure on American companies. Scientists generally expect that, although China may take some detours, such as recently apprehending several company leaders who fraudulently obtained subsidies from national semiconductor policies, China has the ability to gradually overcome the chip difficulties. And we will form our own breakthroughs and industrial chain, which is expected to put quite a lot of pressure on US companies. If domestic firms acquire half of China's $180 billion per year in chip acquisitions, this would provide a significant boost for the industry as a whole and help it advance steadily. The New York Times refers to the battle on chips as a bet by Washington. "If the controls are successful, they could handicap China for a generation; if they fail, they may backfire spectacularly, hastening the very future the United States is trying desperately to avoid," it argued. Whether it is a war or a game, when the future is uncertain, what US companies hope for most of all is that they can sell simplified versions of high-end chips to China, so that the option of external purchases by China continues to exist and remains attractive. This can not only maintain the interests of the US companies, enabling them to obtain sufficient funds to develop more advanced technologies, but also disrupt China's plans for independent innovation. This idea is entirely based on their own commercial interests and also has a certain political and national strategic appeal. Hence, there is no shortage of supporters within the US government. US Secretary of the Treasury Janet Yellen seems to be one of them, as she has repeatedly stated that the US' restrictions on China will not "fundamentally" hurt China, but will only be "narrowly targeted." The US will balance its strict suppression on China from the perspective of maintaining its technological hegemony, while also leaving some room for China, in order to undermine China's determination to counterattack in terms of independent innovation. China needs to use this mentality of the US to its advantage. On the one hand, China should continue to purchase US chips to maintain its economic fundamentals, and on the other hand, it should firmly support the development of domestic semiconductor companies from both financial and market perspectives. If China were to continue relying on exploiting the gaps in US chip policies in the long term, akin to a dependency on opium, it would only serve to weaken China further as it becomes increasingly addicted. China's market is extremely vast, and its innovation capabilities are generally improving and expanding. Although the chip industry is highly advanced, if there is one country that can win this counterattack, it is China. As long as we resolutely continue on the path of independent innovation, this road will definitely become wider. Various breakthroughs and turning points that are unimaginable today may soon occur.

As a major city in the United States and even the global film industry, Hollywood has gathered a large number of veteran film and television production companies, including Universal Pictures, Warner Bros., Paramount Pictures, Disney Pictures, MGM Pictures, etc. In addition, new streaming forces such as Netflix have also entered in recent years. When the new generation of technology represented by generative AI sweeps the world, the movie "dream factory" is also experiencing a transformative moment. In early May last year, the US film and television industry launched a series of strikes that lasted for five months. Two labor disputes, led by the Writers Guild and the Screen Actors Guild, have caused the worst industry disruption since the 2020 pandemic, forcing many film projects and TV shows to halt or delay production. The strike has been costly, with Kevin Klowden, chief global strategist at the Milken Institute think tank, estimating it has cost the U.S. economy more than $5 billion, affecting not only film and television production companies, but also surrounding service industries such as catering, trucking and dry cleaning. One of the main conflicts between labor and management is that many actors and screenwriters have expressed concerns about "unemployment" due to the "invasion" of artificial intelligence. Luo Chenya has been working in the film and television industry for more than 10 years, including scriptwriter, documentary photographer and assistant director. She told the first financial reporter that after ChatGPT became popular, she also tried to use chatbots to assist script creation. "I can talk to the AI about my ideas and ideas, and it will help analyze and refine my ideas, and even make some suggestions that I think are quite effective." But on the execution level, the idea of writing it down into a very specific scene, character action, it doesn't really help me." Luo Chenya said that AI still needs more training and evolution in script writing, but the ability to present images is amazing. "AI can directly generate images, which can indeed save labor to a great extent, and may even replace photographers in the future." In post-production, AI can beautify images and modify flaws." A place to be fought over Earlier this year, OpenAI released the Vincennes video model Sora on its website, which can create videos up to a minute long, generating complex scenes with multiple characters, specific types of movement, and precise theme and background details. In addition to being able to generate video from text, the model can also generate video from still images, precisely animating the image content. "Vincennes Video can quickly produce high-quality video content, greatly improving production efficiency, and generative AI helps to improve the analysis of user preferences and personalized recommendations, and enhance the attractiveness of content." These technologies will disrupt traditional video production and content distribution models, and media companies need to adapt and change their operating models." Wang Haoyu, CEO of Mairui Asset Management, said in an interview with the first financial reporter. For this reason, Hollywood giants have long made big bets and stepped up their layout.

Taking the initiative to plead guilty to Boeing is not small, but it can avoid being exposed to more problems when it is publicly tried, which is a "minor penalty" for Boeing. So now the families of the crash victims are very opposed to the move, demanding that the trial continue to be open. But after all, Boeing is America's oldest industrial son, whether it is Trump or Biden, and finally have to gently put down, give a chance. The Justice Department had been seeking a guilty plea from Boeing as early as May, when it launched the investigation. After all, if you plead guilty, you only need to pay a fine, and if you really go to court, you don't know how many quality problems Boeing will be exposed by your witnesses. Boeing also knew it had too many flaws, and paying a $243.6 million fine and bringing in a third party to monitor its compliance for three years, totaling more than $400 million in additional expenses, is small change for Boeing. Given Boeing's style in the past few years, this fine may not even force Boeing to tighten production line management. Just this kind of "reconciliation" that completely excludes the victims of the crash can not get the families to agree. Paul Cassell, an attorney for the victims' families, said he plans to ask the federal judge overseeing the case to reject the agreement and "hold this case to an open trial so that all the facts of this case can be presented in a fair and public manner before a jury." The demand is reasonable, but the US judge will most likely side with Boeing.

July 9 (Reuters) - The National Highway Traffic Safety Administration (NHTSA) has opened a recall query into 94,275 Stellantis-owned (STLAM.MI), opens new tab Jeep SUVs over a loss of motive power, the U.S. auto safety regulator said on Tuesday. The investigation targets Jeep's Wrangler 4xe hybrid SUVs manufactured between 2021 through 2024. Chrysler had previously recalled, opens new tab the same model in 2022 to address concerns related to an engine shutdown. A recall query is an investigation opened by safety regulators when a remedy to solve an issue appears inadequate. The complaints noted in the new report include both failures in vehicles that received the recall remedy and those not covered by the prior recall, the NHTSA said.

US Secretary of State Antony Blinken declared at the Munich Security Conference: "If you're not at the table in the international system, you're going to be on the menu." The arrogant thinking of American political elites is evident: Whoever does not comply with the US will be excluded from the table of the American-led system and put on the menu. How arrogant. The US is actively pushing for "decoupling" from China and trying to persuade the entire West to "decouple" from China, using the term "de-risking." Washington hopes to ultimately contain China's development in order to maintain American hegemony. However, this time, Washington is facing a historically experienced and strategically rich Eastern civilization. Previous opponents targeted by the US have chosen to confront the US strategically. The US not only has the strongest technological and military capabilities but also controls global financial and information networks with a large number of allies. Those countries that had engaged in direct confrontations had suffered losses. Some of them had disintegrated, some had been weakened, and some had fallen into difficulties. However, what Washington sees from China is strategic composure and resilience. China is now staging an unprecedented and grand "Tai Chi." However, some Chinese people feel that this is not enough: Why can't we confront the US head-on? But I want to say that this is precisely the brilliance of China. This grand "Tai Chi" is about dismantling the pressure the US is putting on China. Europe is different from the US. A European diplomat once said in private that the topic of China has become toxic in the US, but in Europe, it is still possible to openly display friendliness toward China. There is genuine competition between the Europe and China despite Europe leans more toward the US between China and the US. Only in terms of ideology does the term "West" truly exist. In terms of fundamental economic interests, Europe has considerable independence. In terms of security, their attitude toward China also differs greatly from that of the US. In the Asia-Pacific region or China's periphery, the US wants to create an "Asian NATO." The specific situations of countries in dispute with China are very different. China has enormous influence in the region, is the largest trading partner of the vast majority of countries in the region and has friendly relations with most countries in the region. The disputes with countries are not fundamental strategic conflicts, and China has the ability to manage disputes with each specific country and push them to move toward neutrality to varying degrees without being tied to the US' policy toward China. China has a lot of trading partners and stakeholders in the US. The trade volume between China and the US, despite the decline, reached $664.4 billion in 2023, which shows China's huge presence in the US, and is the bond of the two countries in the current situation. The US is not a country where the political elites can have absolute say, and the huge interests have forced the US president and senior officials to repeatedly proclaim that they "don't want to decouple from China" and instead they want to "manage the US-China competition" and see "preventing a war with China" as clearly in everyone's best interest. China should engage in a "strategic battle" with the US at the closest possible distance. We need to maintain friendly relations with certain forces within the US, speed up the resumption of flights between the two countries, increase personnel exchanges and completely reverse the downturn of China-US contacts during the pandemic. In addition to the above dismantling, we also have the huge increment in the "Belt and Road." This initiative will increase China's power to compete with the US, greatly extending the front line that the US needs to maintain in containing China, making the US more powerless. In order to dismantle the US strategy toward China, China must become more diversified while maintaining strategic consistency. Our national diplomacy toward the US is very principled, rational and determined, which is clearly different from other countries targeted by the US. Our public diplomacy toward the US needs to be unique, with both "anti-American voices" and efforts to maintain friendly relations between the two societies and further expand economic and practical cooperation with the US. Just as eagles have their own way of flying and doves have their own formation, just as we see the US as complex, China must also be seen as complex in the eyes of the US. China is both a geopolitical concern and a profitable investment destination for them, and is one of the largest trading partners that is difficult to replace. Some American political elites proclaim China as an "enemy," but it is important to make the majority of Americans feel that China is not. No matter how intense the struggles between China and the US may be, we cannot shape the entire US toward an enemy direction. China has to make the US political elites recognize that it is futile to deal with China in the same way as it historically dealt with the Soviet Union and other major powers. Furthermore, willingly or unwillingly, coexistence and cooperation with China will be their only choice.