I imagine the first thing the chinese government would demand in negotiations about such an agreement would be a lifting of the chip and distillation ban.
> Some may believe these measures make it more difficult to cooperate with China, but I believe the opposite is true: these measures increase the leverage held by democracies and make an agreement more likely in the future.
Everyone can believe what they like, but it seems to me the "leverage" in that case would exactly be the ability to lift those measures - you can't have both, use them as leverage and keep them active at the same time.