Furious at U.S. efforts that cut off access to technology to make advanced computer chips, China’s leaders appear to be struggling to figure out how to retaliate without hurting their own ambitions in telecoms, artificial intelligence and other industries.
Chinese leader Xi Jinping’s government sees the chips — which are used in everything from phones to kitchen appliances to fighter jets — as crucial assets in its strategic rivalry with Washington and efforts to gain wealth and global influence…
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