In time for the two sessions in May, Beijing announced a giant new technology program with a mandate to spend $1.4 trillion over the next five years.85 It was focused on strategic areas like data centers, ultra-high-voltage power transmission, AI, and the base stations of the new 5G network. But none of this would matter if America could turn off China’s supply of cutting-edge microchips. The year ended with a roll call of seventy-seven Chinse firms added to the sanctions list, including, apart from Huawei and SMIC, DJI, the world’s favorite maker of drones.
