The U.S. government has passed the CHIPS and Science Act and is trying to set up the "Chip 4" semiconductor alliance, which includes Japan, China's Taiwan region and South Korea. The Biden administration is committing over $50 billion in tax credits and subsidies to encourage chip giants to build plants in the United States. These seemingly good policies are actually a "Hongmen Banquet," a famous Chinese expression to describe a feast set up as a trap for the invited, as CGTN's Zheng Junfeng argues in this episode of BizBeat.推荐阅读:指点财津 | 国家统计局七月数据显示国民经济延续恢复态势 指点财津 | 美联储再次加息给众多发展中国家带来金融风险 指点财津 | 世界粮食危机背后的美国因素