The Chinese Foreign Minister, Wang Yi, has criticized the U.S. for monopolizing technology, alleging that it hinders China’s development. This comes amid reports of the President Joe Biden administration pressuring allies to further restrict China’s access to semiconductor technology. What Happened: Wang, during a news briefing on the sidelines of China’s National People’s Congress, accused the U.S. of unfairly monopolizing the high end of the value chain, leaving China at the low end. This was in response to a question about the state of U.S.-China relations, reported Bloomberg on Thursday. “…
