Analysis: Beijing has weapons other than tariffs to deal with the US trade war

(New York / Beijing Comprehensive News) China blocks US chip manufacturer Qualcomm for 44 billion US dollars (S $ 59.9 billion) to acquire Dutch chip manufacturer NXP.: China's weapons other than tariffs can be used to trade in the United States; China will have a strong opponent's army in the battle for scientific and technological advantages.

The Wall Street Journal believes that Qualcomm has the dominant position in the most advanced chip technology field, and Beijing has long wanted to cultivate these technologies in China.Analysts pointed out that Beijing has not approved Qualcomm's acquisition of NXP, which slows down the pace of Qualcomm's expansion to the new field, which may help Chinese domestic chip companies to catch up with foreign opponents.

Although the Ministry of Commerce of China recently stated that Qualcomm's acquisition of Enshipo's case has nothing to do with the friction of Sino -US trade. People familiar with the matter pointed out that the upgrading of Sino -US trade tensions is the main reason for China without approval of transactions.In the face of US tariff measures, China cannot counterattack peer, because China's imports imported American products are much less than US exports.However, Qualcomm's acquisition shows that there are still other means in China.

In an interview with Qualcomm President Mornkov, he said: And "" There may not be us in it, but also the development of strong power in the situation. Anandrdquo;

The Chinese State Administration of Market Supervision and Administration said the day before yesterday that the evaluation results of Qualcomm's acquisition of NXP transactions showed that Qualcomm's latest plan cannot solve the issues such as restricted competition by the authorities, and expressed regret for the two parties decided to abandon the transaction due to the expiration of the transaction period.

Fish, a senior researcher at the American Asian Association, said in an interview with Bloomberg TV: And said: "This is a very classic Beijing strategy, so that they can say that it can be reasonably said when talking about this.Get enough information from Qualcomm andhellip; Andhellip; We have no blame for this matter, you must make other concessions. Anandrdquo;

Qualcomm may have to pay $ 2 billion in termination fund

On July 25, US time is the last period for Qualcomm's acquisition of NXP. If it is successful, it will be the largest transaction in the history of the semiconductor industry.However, Qualcomm announced on the 26th that it announced the termination of the acquisition plan and might pay a $ 2 billion inreach.

After Qualcomm, the United States' 21st Century Fox will sell an agreement to Walter Disney for $ 71.3 billion in US $ 71.3 billion, and may also face similar dilemma.

Although the agreement has been approved by the US Department of Justice, it still needs antitrust approval of 15 other regulatory agencies around the world, including China, because a small part of Fox's income (less than 2%) comes from China.Some investors are worried that China may use the transaction again to resist the threat of Trump's tariffs.

Bloomberg Industry Research Legal analyst Jennifer Andmiddot; Rui said: And "any transaction that requires China can be approved by China can be used as lever and strategic tools in the trade war. Anandrdquo;