US-China Tech Decoupling Underway

Commentary
On Dec. 12, Beijing filed a WTO complaint against the United States, protesting the U.S.-China chip ban. China’s minister of commerce said he brought the case to the World Trade Organization to defend China’s “legitimate rights and interests.”
Apart from U.S. restrictions on the sale of chips, the Chinese tech sector is trending downward due to a number of factors, including a weak economy, slowing consumer demand, enforcement of U.S. audit rules, and the U.S. chip ban. On Dec. 15, the White House added 22 more Chinese firms to the trade blacklist. It appears that the decoupling of the China and U.S. tech sectors is underway….