Export controls targeting China doomed to fail

Bloomberg reported that almost 20 defense technology executives plan meetings on Monday with Joe Biden administration officials, House Speaker Kevin McCarthy and other lawmakers to push for speedier military procurement and more investment in pioneering technologies, steps they say are necessary to ensure the United States maintains its innovating edge over China.

In another development, in an open letter to US Congress, leaders of defense technology companies, including Palantir, Anduril, Epirus, and 16 others, expressed deep concern about the rapid technological advancements made by China and what they view as its increased aggressiveness.

The letter, issued by Jacob Helberg, commissioner of the US-China Economic and Security Review Commission, emphasizes the importance of the US maintaining technological superiority and innovation in order to deter potential conflicts and expresses support for government actions to accelerate the development and adoption of advanced military technology.