<title>Satirical Article on US-China High-Tech Trading System</title>
Officials Skeptical of US Efforts to Cut China Out of Global High-Tech Trading System
LONDON — In a surprising turn of events, it seems that officials from the European Union (EU), Malaysia, and Singapore are not jumping on board with the United States’ latest scheme to cut China out of the global high-tech tradingSponsored Product system. These skeptical officials express reluctance to join Washington’s efforts in throttling China’s rapid expansion into the world of technology.
The Open Economy Approach: Making Friends with China Pays Off!
David Koh, Chief Executive of Singapore’s Cyber Security Agency, proudly announced at POLITICO’s Global Tech Day that his country has grown rich due to its open economy. And guess what? They plan on continuing to build ties with none other than…drumroll please…China! That’s right folks! While some may be concerned about security risks associated with Beijing, Singapore is confident that they can handle it while enjoying economic prosperity alongside their Chinese friends.
Free Market Policy for Malaysia: Hey China, Let’s Keep Trading!
Fahmi Fadzil, Malaysia’s Communications and Digital Minister who was also present at the event in London added his two cents by emphasizing how important China is as a tradingSponsored Product partner for Malaysia. He proudly stated that Malaysia adheres to a free market policy and does not take sides. Well, isn’t that just dandy! Neutral Malaysia happily continues its economic dealings with China without any qualms.
US Officials: Desperate Attempts to Sidelined Beijing
America, oh America! What are you up to now? US officials from President Joe Biden’s administration and Congress have been fervently urging their global allies to adopt a more skeptical stance towards Chinese technology. They’re on a mission – an important one they say – of sidelining Beijing in the ever-growing fields of telecommunications, semiconductors, and artificial intelligence. Way to go!
Catchy Term “De-Risking” or Don’t Rock the Boat Too Much?
Koh expressed concern over Washington’s “de-risking” policy which aims at separating China from the global trading system particularly within high-tech industries. Sure, he agrees that security concerns are valid but taking it too far may shake up the current status quo. Let’s keep things interesting!
Economics vs Democratic Values: The Great Balancing Act
The European official Lucilla Sioli claims that reducing reliance on technology supply chains (mostly from Asia) is vital for the EU after facing immense pressure during the pandemic. However, she believes in maintaining some form of relationshipSponsored Product with China while standing firmly by their democratic values…because why not add some spice into digital policymaking geopolitics?
And Brendan Bordelon joins us all the way from Washington:
“Wow, what an exciting time!”
POLITICO’s Global Tech Day, you don’t want to miss this amazing event happening live on video Thursday, June 15. Prepare yourself for up-close interviews with top international policymakers discussing fast-moving tech topics from AI to China to the mysterious 6G networks of tomorrow. Curious who’s trying to run the future? Here’s your chance, so don’t forget to register now and be part of this rollercoaster ride!
