The Central Tibetan Administration welcomed the Tibetan Policy and Support Act passed by the US Congress, calling it a historic move and a clear message to China

WORLD Updated: Dec 22, 2020, 15:20 IST The Hindustan Times

Shishir Gupta
Hindustan Times, New Delhi

The US Congress has passed a bill that reaffirms the right of Tibetans to choose a successor to their spiritual leader, the Dalai Lama. The law has been described by Dharamshala, the seat of the Tibetan government-in-exile, as a historic move and a clear message to China.

The Tibetan Policy and Support Act of 2020 (TPSA), which was passed by the US Senate, calls for the establishment of a US consulate in Tibet’s main city of Lhasa and underlines the absolute right of Tibetans to choose a successor to the Dalai Lama.

Continue reading on CVD >>

Analysis by Laura He, CNN Business

Updated 0947 GMT (1747 HKT) December 22, 2020

Hong Kong (<a href=”https://edition.cnn.com/2020/12/22/tech/smic-us-sanctions-intl-hnk/index.html&quot; target=”_blank” CNN Business)

China had been counting on its biggest chipmaker to help the country eventually reduce its reliance on the likes of Intel (INTC) and Samsung (SSNLF). The United States just put those ambitions in jeopardy. Washington announced Friday that it will require US exporters to apply for a license before they can sell to Semiconductor Manufacturing International Corporation (SMIC). The US government claims that the chipmaker can use its tech to help China modernize its armed forces. SMIC (SIUIF) says it has no relationship with the Chinese military. But in a statement on Sunday, the company acknowledged that while the restrictions are unlikely to hurt its short-term operations, its loftier goals are in doubt. The new US rules will have “a material adverse effect” on its ability to develop highly advanced chips, it said.

Continue reading on CVD >>