Micron was banned by China, and the USA was furious! Now, who’s next?

Also on May 22, Wang Wentao, the Chinese Minister of Commerce, presided over a symposium in Shanghai to listen to the operating conditions of US-funded enterprises in China and their suggestions for continuously optimizing the business environment in China. Representatives from the American Chamber of Commerce in Shanghai, as well as representatives from Johnson & Johnson, 3M, Dow, Merck, Honeywell, and other US-funded enterprises, attended the symposium. Afterwards, Wang Wentao went to Detroit to attend the APEC Trade Ministers’ Meeting. This is also a familiar plot. First, arrange a meeting with senior government officials, then introduce a sanction measure before the meeting, while also stabilizing the emotions of other enterprises. It’s like creating a bargaining chip first and then using that chip to negotiate. This tactic has been frequently used against China since the Trump era, and now it seems to have reversed. So, why did the Chinese government target Micron? Who’s next? China has endured humiliation and carried heavy burdens for so long, why did it suddenly dare to sanction Micron? Isn’t it afraid of retaliation from the US? OK, that and more is exactly what we are going to talk about today, let’s get started!