China has to withstand shock waves from its rise

THE US ADMINISTRATION said it would ban US corporations from selling components and software to Huawei, China's 5G technology giant. China Daily reporter Li Yang comments:

Washington is intent on slowing Huawei's development so that US companies can take advantage of the window phase, though secured in an indecent manner, to narrow their gap with the industrial leader.

Now it is all too clear that Washington's objective is by no means to address its trade deficit with Beijing, but to wipe out China's competitiveness in high-tech fields, and contain the country's development momentum.