
US' ban on high-tech investment cannot stifle China's high-tech development
US President Joe Biden signed an executive order on Wednesday restricting investments in China, intended to further stymie China's advances in three cutting-edge technology areas: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems. The "decoupling" of high tech from China began under Donald Trump, and the Biden administration has continued that ambition. However, the new order doesn't target US investments already invested in China, but the new ones. The Biden administration has repeatedly claimed that the US restrictions will be narrowly targeted and will not "have a fundamental impact on affecting the investment climate for China." Biden's new executive order is still subject to consultation with the US business community and the public and is not expected to take effect until next year. The order has been brewed for a long time and has generated a lot of publicity. But almost no one believes that this executive order will deal a new practical blow to Chinese high technology, because almost everyone knows that China needs American technology more than American money. The order has gained much attention because it is seen as part of a broader trend of the US drifting away from China. The promulgation and brewing process of the executive order reflects the strong desire of American political elites to suppress China's high-tech development, as well as a fierce game between those supporting the executive order and the concerns of the technology and economic sectors about a potential backfire on the US. It is a kind of compromise. Washington obviously hopes that major allies will follow Biden's executive order. The UK's Sunak government has made cautious statements, stating that it is consulting business and the financial sector before deciding whether to follow suit. In fact, China also has the ability to influence the extent to which Biden's executive order is implemented, as well as the extent to which the US will go in terms of "decoupling" from China. We are definitely not just passive recipients of US policies. American political elites are eager to "decouple" from China as quickly and deeply as possible, but they fear two things: First, this will immediately damage the performance of relevant high-tech companies in the US, undermine their influence and further innovation. The current Biden administration, in particular, does not want to incur strong resentment from Silicon Valley and Wall Street toward the escalating "decoupling," which will ultimately lead to the loss of support for the Democratic Party. Second, they are afraid of pushing China toward more resolute independent innovation to achieve breakthroughs in key technologies such as chips. If the US "decoupling" policy gives birth to major technological achievements in China, it means that Washington will completely lose the gamble: They originally wants to stifle China's high-tech development, but ends up strangling their own companies. What China needs to do next is to fully unleash our innovation vitality, continuously reduce our dependence on high-tech products from the US, and prove that as long as we are determined to achieve independent innovation, we have the ability to accomplish things. We need to prove that being pressured by the US will only make us stronger. As long as there are several solid proofs of this trend, the US policy community will fall into unprecedented chaos, and their panic will be much more severe than when they saw the rapid expansion of the Chinese economy before Trump started the trade war. Regardless of the future of China-US relations, the current battle will be the key battle that determines the future competition between China and the US. China can only win and cannot afford to lose. High-tech products such as chips are not isolated. The innovation power of China's entire manufacturing industry and the creative vitality of the whole society are the foundation for shaping these key achievements. When pressured by the US, our society needs to generate confidence and resilience from all directions, and we need to accelerate and seize every opportunity, rather than shrink and simply defend. Otherwise, the US will gain the upper hand in momentum, and we will truly be in a passive and defensive position. We must see that the US is on the offensive, but its offensive is becoming weaker and weaker, and it is always hesitant with each step. What is presented to China are difficulties and risks, but also the dawn of victory.

Portadown businessman avoids jail for sexual assault of teen under his employment
Defence said the defendant 'continues to deny' the charges and bail in the sum of £1,000 was fixed for appeal
A Portadown man has avoided jail after sexually assaulting a 16-year-old shop worker under his employment. -ADVERTISEMENT- Brian Thomas Chapman (58), of Moyallan Road, appeared before Newry Magistrates’ Court on Monday for sentencing on two counts of sexual assault. The prosecution outlined that on September 23, 2020, a 16-year-old student in the employment of Brian Chapman, disclosed to her mother about incidents that had occurred in her workplace. She said Chapman had put his hand on her thigh and the back of her leg. She also disclosed that she had been getting extra money from him and he had been sending her text messages. The allegations were reported to police the next day, September 24. The victim then took part in an interview on October 9, in which she said, when she was alone in Chapman’s office, he placed his hand on her upper thigh and his other hand on her lower back, underneath her trousers. The defendant was arrested and interviewed at Lurgan police station, where he denied the allegations. His phone was seized and an examination was carried out. The first interview of the defendant took place on October 9, during which he admitted to sending a message about wanting the victim to work 24/7, but stated this was a joke. The second interview took place on January 28, 2021, where he admitted to sending the 24/7 message, but denied sending other messages, such as “hope you’re spending the pounds on something special”. Throughout this process, Chapman denied sending the messages and denied any of the sexual assaults alleged by the victim. On the Chapman’s criminal record, the prosecution added that he was convicted of three common assaults on appeal. In terms of commission, these matters pre-dated this case but the conviction occurred during the running of this case and also involved a female working for the defendant. Prosecution continued that the age of the victim was an aggravating feature, arguing there was a “vulnerability” due to the “power-imbalance” between Chapman and the young student working for him. An additional aggravating feature, they said, was that during the course of the defence, part of the defence was that the victim had “manipulated or manufactured” some of the text messages that were sent. A defence lawyer, speaking on the pre-sentence report, noted the author deemed Chapman to be of low risk. He also noted that similar offences were contested in the County Court in respect of another complaint, with the judge substituting indecent assault charges for common assault. He also argued a Sexual Offences Prevention Order (SOPO) was not necessary as the offending was four years ago, there has been no repetition and risk had been addressed. District Judge Eamonn King noted the defendant was convicted on two of four original charges following a contest, which ran over a number of days, with the case adjourned for a pre-sentence report and victim impact statement to be produced. He added the defendant “continues to deny” the charges and seeks to appeal the outcome. District Judge King, on reading the pre-sentence report, noted the defendant “denies ever hugging or touching the individual and he denies any sexual attraction to the victim”, but pointed to a paragraph in the report which stated, “From the available evidence, it’s possible to surmise that he demonstrated risk taking and impulsive behaviour. It appears that he took advantage of his position and power in a bid to meet his sexual needs, given the victim’s young age and the fact that he was her employer”. The report added that this demonstrated “limited victim empathy and responsibility due to his denial of the offences”. On the victim impact statement, District Judge King described her as a young girl getting her first job, with the “world as her oyster”. He continued: “As a result of what she says occurred, that turned on its head. It left her feeling inwardly uncomfortable, anxious and lonely. She cut herself off from her friends. She stopped going out. She didn’t want to go to school.” He also described a “degree of manipulation” in the case, as this was the victim’s first job and there was a power imbalance between her as an employee, and Chapman as the employer. In his sentencing remarks, District Judge King, said: “I’ve taken time to emphasise to the victim in this case that the victim did nothing wrong. The victim did everything right and the victim shouldn’t feel lonely, anxious or isolated. “The victim should feel confident, strong and outgoing.” Owing to the defendant’s ongoing denial of the charges, he added: “My sentencing exercise isn’t the conclusion of the case today, but I will sentence, so that we can move towards the conclusion going forward. “I am satisfied, irrespective of what the pre-sentence report says, that the defendant took advantage of someone, attempted to groom someone and was guilty of the two offences.” On the two counts, Chapman was sentenced to three months in prison, suspended for two years. He was also made subject to a Sexual Offences Prevention Order (SOPO) for five years and placed on the sex offenders’ register for seven years. Following sentencing, District Judge King fixed bail for appeal at £1,000.

Wto: Members have more trade promotion measures than restrictions
The latest trade monitor released recently by the World Trade Organization shows that between mid-October 2023 and mid-May 2024, WTO members continued to introduce more trade promotion measures than trade restrictive measures. The WTO said it was an important signal of members' commitment to keep trade flowing amid the current geopolitical uncertainty. According to WTO statistics, during the monitoring period, WTO members adopted 169 trade promotion measures on commodities, more than the 99 trade restrictive measures introduced. Most of the measures are aimed at imports. Commenting on the findings, WTO Director-General Ngozi Okonjo-Iweala said that despite the challenging geopolitical environment, this latest trade monitoring report highlights the resilience of world trade. Even against the backdrop of rising protectionist pressures and signs of economic fragmentation, governments around the world are taking meaningful steps to liberalize and boost trade. This demonstrates the benefits of trade on people's purchasing power, business competitiveness and price stability. The WTO monitoring also identified significant new developments in economic support measures. Subsidies as part of industrial policy are increasing rapidly, especially in areas related to climate change and national security.

Poland and Ukraine sign bilateral security agreement
On July 8, Ukrainian President Zelensky, who was visiting Poland, and Polish Prime Minister Tusk signed a bilateral security agreement in Warsaw, the capital of Poland. The agreement clearly states that Poland will provide support to Ukraine in air defense, energy security and reconstruction. After signing the agreement, Tusk said that the agreement includes actual bilateral commitments, not "empty promises." Previously, the United States, Britain, France, Germany and other countries as well as the European Union signed similar agreements with Ukraine.

Coexisting and cooperating with China is the only choice for the US
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.