National security and data risk concerns between the U.S. and China are continuously increasing, potentially leading to a ‘Cold War’ between the two countries.

To me, an eternal optimist, the United States and China appear more and more likely to be on a collision course for war. Recent US regulatory actions amount to nothing less than an economic and technological declaration of war against China and its 1.4 billion people.

News headlines described the Biden administration’s latest semiconductor-focused sanctions on China as sheer annihilation, which could ‘decapitate’ the overall semiconductor industry.

The U.S. House speaker made a bad situation worse, and China-U.S. relations are headed to a new low. Changes can be seen on multiple fronts, but perhaps most clearly in the military dynamics between the two countries and in the chip-making regime, which has become an important chess piece in the geopolitical game.

Washington wants to build a “small chip world” for itself that is decoupled from global supply chains. This is pure fantasy. The act can neither help the U.S. achieve a secure supply chain nor rejuvenate its domestic chip manufacturing sector. And it won’t slow China down either.

The issue has gradually moved up to become one of the most controversial in bilateral relations. Its impact is extensive and its priority is consequently high. Finite, feasible goals are needed to settle the dust through dialogue.

GCC countries want to maintain good relations with the United States, but they also want to maintain good relations with China, and are unwilling to take sides even under pressure.

I, like almost all Chinese compatriots, am most delighted that Ms. MENG Wanzhou was able to come home from Canada where she had been under house arrest based on a U.S. extradition request since December 2018. It was a long ordeal for her—losing her freedom and missing her family for more than a thousand days!

There is just one conclusion to be drawn from the geopolitical confusion created by Washington’s maximum confrontation policy: Rather than war, China and America are actually destined for peace. This is the true mega trend in bilateral relations.

A trove of HSBC material consisting of more than 300 pages of emails and documents from HSBC have been revealed recently. It is part of a long-running extradition battle over Ms Meng Wan Zhou, the CFO of Chinese telecoms giant Huawei.