ASPEN, U.S. -- After the U.S. passed the CHIPS and Science Act this month, a $280 billion bill that aims to counter China's growing influence in technology, many wondered how the Chinese government would react. As unhappy as Beijing might be, it cannot afford to mount an effective response -- at least not yet, experts said.
"I don't think China has any good immediate policy options at this point," Xiaomeng Lu, director of think tank Eurasia Group's geo-technology practice, said at the TPI Aspen Forum here Monday. "China essentially doesn't have the technology to create those [chip] fabs."
