In a Monday meeting in Beijing, U.S. Commerce Secretary Gina Raimondo told her counterpart Wang Wentao that the Biden administration’s funding for domestic infrastructure, manufacturing and supply chains is “not intended to hinder China’s economic progress.” She said the U.S. is only looking to curb exports of technologies with “clear national security or human rights impacts.” (The Logic)

Talking point: Washington’s US$369-billion Inflation Reduction Act incentivizes the domestic manufacturing of cleantech like batteries—most of which are presently made in China. Its near-US$53-billion CHIPS and Science Act aims to reshore semiconductor production, currently concentrated in Taiwan—the subject of geopolitical tension with China. The administration has also clamped down on exports of chips to and investment in semiconductors, AI and quantum computing—in China. But all those moves—which Raimondo insisted in Beijing are not aimed at it—have also pushed allied governments to roll out or consider complementary ones, in order to avoid losing projects to the U.S. and to stay integrated with its supply chains.