China says US plan to invite Dalai Lama is Olympic disruption tactic... 2008 d?j? vu

China Strongly Condemns US After Xinjiang and Taiwan, Now Tibet Mobilization
Sanctions on 8 Chinese High-Tech Firms Will Mainly Impact US Wall Street Investors

[Asia Economy Beijing=Special Correspondent Jo Young-shin] China fiercely criticized the U.S. political circles for pulling out the 'Tibet' card to disrupt the Beijing Winter Olympics. It also mocked the U.S. Treasury Department, saying that the U.S. sanctions on Chinese high-tech companies related to 'Xinjiang' will ultimately only harm Wall Street.

[Image source=Reuters Yonhap News]

Chinese state media such as the Global Times reported on the 17th that the U.S. political circles are pushing for a meeting between the 14th Dalai Lama and President Joe Biden. The Dalai Lama, the spiritual leader of Tibet, met with former U.S. President Barack Obama in Washington in 2016 despite China's opposition.

Chinese media reported that during the 2008 Beijing Summer Olympics, U.S. political circles raised allegations of mass killings in the Tibet region to disrupt the successful hosting of the Olympics. They also added that Tibetan separatists disrupted the Olympic torch relay in Europe at that time.

In fact, ahead of the 2008 Beijing Olympics, a large-scale independence protest led by Tibetans in Lhasa resulted in a bloody incident with over 100 deaths. At that time, Western countries including the U.S. accused the Chinese government of excessive suppression causing numerous casualties and showed movements to boycott the Summer Olympics.

The Global Times claimed that the World Uyghur Congress, supported by the U.S., is systematically promoting a boycott campaign of the Winter Olympics through social media and is following the U.S.'s diplomatic boycott.

Zhu Feng, a professor of international relations at Nanjing University, said, "The U.S. political circles have continuously attacked China by raising human rights issues in Tibet and Xinjiang," adding, "The purpose of the U.S. slander against China is to contain China."

The Global Times reported that Uzra Zeya, the U.S. State Department Deputy Assistant Secretary, will soon appoint a special coordinator for Tibet issues, and that pressure from the U.S. political circles on China will intensify further.

Meanwhile, China asserted that there will be no damage to the affected companies after the U.S. Treasury Department added eight Chinese high-tech companies, including drone manufacturer DJI, to the investment blacklist.

The eight companies added to the blacklist include DJI, facial recognition software companies Kuangshiji and Winchung Technology, supercomputer manufacturer Sugwang, cybersecurity group Xiamen Meiya Pico, artificial intelligence (AI) company Etu Technology, cloud computing company Leon Technology, and security surveillance system company Netposa Technology. Being on the U.S. Treasury Department blacklist prohibits U.S. investors from acquiring shares in these companies.

Chinese media claimed that the U.S. Treasury Department's sanctions on Chinese high-tech companies are tantamount to depriving Wall Street of potential profit-making opportunities.

[Image source=Reuters Yonhap News]

Leon Technology, a cloud computing company on the blacklist, stated, "The recent U.S. sanctions do not significantly affect the company's operations, products, or services."

Dong Dengxin, a professor at the Finance and Securities Research Institute of Wuhan University of Science and Technology, said, "The eight Chinese companies are not listed on the U.S. securities market and can sufficiently raise funds within China," adding, "This measure stems from the U.S.'s fear that Chinese high-tech technology will lead to military power." He further explained, "The U.S. sanctions suppress Chinese companies' U.S. listings and consequently damage Wall Street investors' profit-making opportunities."

Dong Shaofeng, a senior researcher at the Chongyang Institute for Financial Studies at Renmin University, said, "The AI field does not require small precision semiconductor chips used in smartphones, so Chinese companies do not need to import chips from the U.S.," adding, "The U.S. sanctions will not be able to block the growth of Chinese AI technology."

This content was produced with the assistance of AI translation services.