商务部连发两大公告，中国以1敌38国，或退出中美经贸谈判

Group 1 - China's Ministry of Commerce has initiated anti-dumping investigations against certain U.S. semiconductor products, specifically targeting simulation chips, which are essential across various sectors including electric vehicles and industrial control [2][6] - The investigation period has been set until 2026, indicating a serious and long-term approach rather than a superficial response [2] - Additionally, China has launched an investigation into the U.S.'s discriminatory restrictions in the semiconductor sector, citing a history of tariffs and export controls that have affected Chinese companies [2][10] Group 2 - The narrative of China facing a coalition of 38 countries against it is misleading; the number refers to entities on U.S. restriction lists rather than a unified global front [4] - European countries, while appearing to align with the U.S., are unlikely to fully abandon the Chinese market due to their own economic interests [4] Group 3 - China holds significant leverage in the semiconductor market as it is the largest buyer globally, with projected investments in semiconductor equipment reaching nearly $38 billion by 2025 [6][9] - The legal framework for the investigations aligns with WTO regulations, showcasing China's strategy of utilizing legal avenues rather than mere rhetoric [6][9] Group 4 - The ongoing negotiations between China and the U.S. are characterized as a "game of courage," with both sides testing each other's limits while being cautious of potential backlash from their respective domestic audiences [10][12] - The trade conflict has evolved into a comprehensive battle involving rules, psychology, and industrial capabilities, rather than just tariffs and retaliations [12]