1.Key Points of the Biden Administration’s Policies 
1.1 Diplomacy: Confrontation with China Remains with Each Side Aggressively Seeking Allies 
1.2 Economy: Boost U.S. Manufacturing and Environmental Protection and Strengthen Local Supply Chains 
2. China’s Response to U.S. Policy 
2.1 U.S.-China Talk Opens New Chapter, but U.S.-China Relation Remains Unilateral 
2.2 Drives Economic Growth with Domestic Market Demand and Circular Economy Model 
2.3 Focus on Developing Chokehold and Key Next-generation Technologies 
3. Industrial Competition and Cooperation in the Context of New U.S.-China Relations 
3.1 5G: U.S. Builds China-Free Supply Chain; China Focuses on Domestic Market 
3.1.1 U.S. to Continue Promoting the “China Free” 5G Strategy 
3.1.2 China May Increase Global Influence through Communications Technology Standardization and In-house Technology Development 
3.1.3 Taiwanese Vendors May Have More Opportunities to Work with European and US Brands with Increased Reliance on these Markets 
3.2 Semiconductor: U.S. Stranglehold over China Remains; China Accelerates Domestic Chip Manufacturing 
3.3 New Energy: U.S. Drives Energy Transformation; China Invests in Emerging Green Industries 
4. MIC Perspective 
Appendix 
List of Companies 

Key points of the Biden administration in diplomacy and economy

China’s response to the new administration’s policy

New industrial competition and cooperation between U.S and China in 5G, semiconductor, and new/green energy