of china. uh, i also want to thank your ministry first of all the minister foreign affairs by you, as well as the ministry of commercea for the decisiveness and speed of action with which we are implementing our agreements. uh, that great stone that we laid in belarus, uh, is growing and expanding, despite the obstacles of individual states. we are determined to continue this development further. i personally want to thank you for supporting the development of the biotechnology industry. i thank our chinese friends. we agreed that we would meet in minsk in the near future and think about how to expand our cooperation not only in all biotechnology, but also in the mathematics of physics and electronics. where we have high enough technology and in which the people's republic of china needs a concise but historic meeting, in addition to practical issues that relate to the automotive industry of the potash fertilizer project, the solution of a whole loop of financial issues, the calculation in yuan of connection to the sips payment system of belarus, china agreed globally and raising cooperation to a new level. this is a

organization, but also for the people's republic of china, i also want to thank your ministry, first of all, the minister of foreign affairs, they and the ministry of commercef china for that decisiveness and for that speed . if with whom we implement our agreements, the great stone that we laid in belarus grows is expanding despite the hindrance of separate states. we are determined to continue this development further. i personally want to thank you for supporting the development of the biotechnology industry. i thank our chinese friends. we agreed that we will meet in minsk in the near future and think about how to expand our cooperation not only in the field of biotechnology, but, uh, mathematics, physics, optoelectronics, where we have high-tech technologies and which the people's republic of china needs laconic, but a historic meeting, in addition to practical issues that relate to the automotive industry, the project for the production of track fertilizers, the solution of a whole series of financial issues. about something in yuan, connection to the sips payment system, belarus and china agreed with globally on raising cooperation to a new level. th

china. now we've heard from the shiny chinese commerce ministry about this. this is what the, what the commerce ministry of china had to stay on the topic. for a period of time, the us has been abusing export control measures to restrict the exports of semiconductor related items to china. we firmly opposed this. meanwhile, the president on taiwan is coming forward and saying that they are looking forward to producing what they're calling democracy ships in coordination with the united states to enter in taiwan 6 to most corporation with the united states in the semiconductor and other high tech industries. will look forward to johnny produce and democracy chiefs to save god the interest of all democratic partners and create greater prosperity. so underscore is the deepening tension between the united states and china. and it appears the united states is tempting to essentially weaponized ship markets for geo political. and now the results on the stock market have not been good in video stock as suffered as, as a m d and others. and so that's the situation we're in. i think the united states is moving ahead with trying to prevent china from having acces

china. now we've heard from the shiny chinese commerce ministry about this. this is what the, what the commerce ministry of china had to stay on the topic. yesterday. for a period of time, the us has been abusing export control measures to restrict the exports of conduct related items to china with family oppose this long piece now has spoken up and said this essentially violates fair competition. and it prevents china to continue to trade on the world market. it impacts the amount of technological development that will be able to go on in the country. china is opposing these new u. s. government restriction. meanwhile, the president on taiwan is coming board and saying that they are looking forward to producing what they're calling democracy chips and coordination with the united states. gigi, antenna taiwan 6 to most cooperation with the united states in the semiconductor. and all the high tech industries look forward to joining in democracy cheaper to save all the interests of all the governors and create greater prosperity. turns out it's all, underscore is the deepening tension between the united states and china and it appears the united states is tempting t

china has accused the u.s. of abusing its export controls. today the commerce ministry said the u.s. should stop its wrongdoing, harming the rights ofhinese as well as american companies by restricting the sale of these advanced artificial intelligence chips to china. so nvidia's a-100 -- -- as well as lenovo mainly in cloud services, and the development, though, of ai is really a prime targeted sector the chinese want to dominate. with holding these types of chips really does hold back the chinese plans to upgrade so from china's perspective, this is a way that washington is trying to keep china down. so they are trying to hold back, their technological progress, as well as economic progress. so really what we'll likely see is the chinese solidifying in the chinese leadership's mind the need to wean themselves off of u.s. chips as well as other imported chips in order to make sure that their economy is not vulnerable, and instead the government here has been funneling a ton of money, as you all know, into subsidies as well as tax breaks to try to develop their own industry, haven't really been doing a great job and, in fact, in rec

in response, china's commerce ministry says this move undermines the rights of chinese companies and stability ofl, industrial and supply chains both stocks down nvidia down 5.6%. amd is down 3.6% ben harburg is with us very good morning to you, ben and then cyrus mewawalla the futures market suggests this wasn't down 5% was there some level of people expecting this to happen >> fully anticipated if anything, a bit late to the game we start off the beginning of this in 2017 when the ete was add the to the entity list and restricted from excessing a lot of core input and components needed for hardware. most of us in the ecosystem in china for the last five years have been investing into the high end graphic processors and ai accelerators with the expectation that american chips will be accessed and cut to china. now we're seeing not only chip access, but the high-end processing machines and software to design future chips restricted in china. >> cyrus, how good is china's innovation in the area will this really hurt their interests? >> yeah, i agree with what ben said this was seen. the catalyst f