Pedestrians and cyclists wait to cross a traffic junction near a advertisement for iPhones in Beijing, Wednesday, Nov. 6, 2024. (AP Photo/Ng Han Guan)

Chinese state media news broadcast reports on the result of the U.S. presidential election in Beijing, Wednesday, Nov. 6, 2024. (AP Photo/Ng Han Guan)

FILE - This photo shows the logo of TSMC (Taiwan Semiconductor Manufacturing Company) during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, Oct. 14, 2022. (AP Photo/Chiang Ying-ying, File)

FILE - In this Saturday, June 29, 2019, file photo, U.S. President Donald Trump, left, meets with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. Four decades after the U.S. established diplomatic ties with communist China, the relationship between the two is at a turning point. (AP Photo/Susan Walsh, File)

Chinese men hand out national flags during national day holidays near a Huawei pop up store in Beijing, Wednesday, Oct. 2, 2024. (AP Photo/Ng Han Guan)