A senior Chinese economist at a government-run research group has called on authorities to seize Taiwan Semiconductor Manufacturing Co. if the U.S. hits China with sanctions on par with those leveled against Russia.
¡°If the U.S. and the West impose destructive sanctions on China like sanctions against Russia, we must recover Taiwan,¡± said Chen Wenling, chief economist at the China Center for International Economic Exchanges. The research group is overseen by the National Development and Reform Commission, China¡¯s top economic planning agency.
¡°Especially in the reconstruction of the industrial chain and supply chain, we must seize TSMC,¡± Chen said in a speech last month hosted by the Chongyang Institute for Financial Studies at Renmin University, which was posted online Tuesday by the nationalistic news website Guancha.
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