Geopolitical events
Beijing has formally expanded its economic pressure toolkit against the United States, enacting new legislation to penalize foreign entities that shift supply chains away from China. Effective April 27, 2026, the policy also includes a ban on foreign artificial intelligence chips in state--funded data centers. This strategic move aims to bolster China's technological sovereignty and serves as a counter--measure to ongoing international trade restrictions, signaling a hardening of Beijing's stance despite a previous "trade truce" with Washington.