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What will be China's response to US sanctions on semiconductor firms by Dec 31, 2024?
2
Resolution / Starting Odds
Diplomatic protest • 25%
Trade sanctions on US • 25%
Retaliatory tariffs • 25%
Other measures • 25%
Official statements from China's Ministry of Commerce or related government body
Story
US to Sanction 200 Chinese Chip Firms, Targeting AI and High-Bandwidth Memory; China Vows to Protect Firms
Nov 28, 2024, 07:15 AM
The United States is reportedly planning to sanction 200 more Chinese semiconductor firms in a move to escalate export restrictions on China's chip industry. The Biden administration is expected to announce a sweeping set of measures on Monday designed to further restrain China’s ability to develop advanced artificial intelligence, potentially including export bans on high-bandwidth memory. In response, China's Ministry of Commerce spokesperson He Yadong stated that China opposes unilateral tariff increases and emphasized that "imposing tariffs arbitrarily on trade partners cannot solve the problems within the United States itself." The Chinese government pledged to protect the interests of its companies and will take necessary measures to safeguard the legitimate rights of Chinese enterprises if the US continues to escalate export controls.
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Retaliatory measures announced • 25%
Diplomatic negotiations initiated • 25%
No significant response • 25%
Other • 25%
Yes • 50%
No • 50%
Impose sanctions on US companies • 25%
Increase domestic production • 25%
Seek alternative suppliers • 25%
Other actions • 25%
Further restrictions on US companies • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
Other actions • 25%
Implement reciprocal export restrictions • 25%
File a WTO complaint • 25%
Negotiate with the US • 25%
No significant action • 25%
Retaliatory sanctions • 25%
Formal complaint to WTO • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Legal Action • 25%
Retaliatory Trade Measures • 25%
Increased Domestic Investment • 25%
Diplomatic Negotiations • 25%
Yes • 50%
No • 50%
Imposing new sanctions on Chinese firms • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Other • 25%
European Union supports • 25%
European Union opposes • 25%
United Nations supports • 25%
United Nations opposes • 25%
Yes • 50%
No • 50%
