The real competition between China and the United States has begun! On May 21, four major pieces of news were released this morning! Firstly, the U.S. Department of Commerce attempts to globally ban Chinese advanced computing chips, which is a typical act of bullying and severely undermines the stability of the global semiconductor supply chain. Secondly, NVIDIA CEO Jensen Huang once again criticized the U.S. export control on AI chips to China as a 'failure', stating that the U.S. ban has caused huge losses for NVIDIA. Thirdly, Wang Yi met with the President of the U.S.-Asia Society, Kevin Rudd, emphasizing that the U.S. actions to curb and suppress China's legitimate right to development are firmly opposed by China. Fourthly, the Ministry of Commerce responded to the U.S. chip ban, stating that it will take resolute measures to safeguard its legitimate rights and interests. A series of actions by the U.S. to contain the development of Eastern powers go against the trend of cooperation and win-win outcomes in this era. Eastern powers will not be easily suppressed and will continue to make breakthroughs in fields such as technology. The U.S. should abandon zero-sum thinking; China-U.S. cooperation is the correct path, contributing to global development together. Blind confrontation will only lead to mutual destruction, harming global economic and technological progress. $BTC
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