Stephen Okun, founder and CEO of consulting firm APAC Advisors, said “decoupling is in full swing” and the U.S. could impose further regulations to check competition with China. said that it was high.
“The question is how much and how widespread is it,” Okun told CNBC’s “Street Signs Asia” on Monday.
Last week, lawmakers voted 50-0 to advance a bill that would require China’s ByteDance to sell TikTok or risk the U.S. banning the popular video app. House Speaker Mike Johnson told reporters that the TikTok acquisition bill will be debated on Wednesday.
“To the extent that ByteDance owns it and requires cooperation with the Chinese Communist Party, TikTok poses a serious threat to national security,” the official said. press statement By the Chinese Communist Party Special Committee.
China Okun said the committee wanted a “reset”.
“Prevent China from accessing the U.S. market, especially the U.S. market that the Party can control in some way, and build domestically rather than relying on China. So this is just part of a broader strategy. ” he added.
The United States has stepped up pressure on Chinese companies in recent years, particularly in the semiconductor, EV, and biotechnology sectors.
“This will apply to EVs. I think it will apply to the broader renewable sector. It will definitely apply to biotech as well. I think this is the sector we want to look at next. ”
Earlier this month, the U.S. Senate passed the following: approves legislation that could restrict business with Chinese biotech companiesRegarding national security concerns, such as WuXi AppTec and BGI.
China is seen as a threat to the U.S. auto industry as U.S. auto exports decline and companies such as General Motors scale back overseas operations.
Energy Secretary Jennifer Granholm warned last week that China could flood the U.S. electric vehicle market. “We are very concerned about China strengthening our industry in the United States.”
The White House said last month that the US was investigatingWhether Chinese car imports pose a national security risk because sensitive data about U.S. citizens or infrastructure could be collected and transmitted to China.
Chinese Foreign Minister Wang Yi told reporters last week that the United States was coming up with “new ways to suppress China” and that American assertiveness against China had reached an “unbelievable degree.”
Due to concerns that China could use high-tech semiconductor chips and chip-manufacturing equipment for military purposes, the United States passed regulations in October 2022 aimed at blocking China’s access to high-tech semiconductor chips and chip-manufacturing equipment. introduced.
A year later, the United States announced that it would introduce further regulations to fill the gap left after AI chip export restrictions went into effect in 2022.
“if that’s it [U.S.] Where is the fairness and competition when we relentlessly monopolize the high end of the value chain and keep China at the low end? ” said Mr. Wang.
CNBC’s Evelyn Chen and Clement Tan contributed to this article.