Let's start with this.
China Update.
The presenter is one of the most balanced observers that I've run across. He covers the pro's and con's without personal interjections. So what are the take a ways from the above?
China is floundering. Particularly with the latest sanctions re. integrated circuits. Their previous efforts resulted in massive shell games and corruption so there is no reason to believe that this recently announced effort won't result in the same. Our own government is just as guilty. Virtually all of the really great advances did not come about as a result of government subsidies.
China is still NOT a consumer economy, even the report cited doesn't take that into consideration. They are a factory, they import raw material, process it, then export goods. Mostly cheap goods. They are even more subject to supply chains than the rest of us, particularly with regard to the import side.
I'm having a real *chuckle* over the notion that China thought it could stick it's nose into Afghanistan after the embarrassing exit of the US. You go Xi.
China Update.
The presenter is one of the most balanced observers that I've run across. He covers the pro's and con's without personal interjections. So what are the take a ways from the above?
China is floundering. Particularly with the latest sanctions re. integrated circuits. Their previous efforts resulted in massive shell games and corruption so there is no reason to believe that this recently announced effort won't result in the same. Our own government is just as guilty. Virtually all of the really great advances did not come about as a result of government subsidies.
China is still NOT a consumer economy, even the report cited doesn't take that into consideration. They are a factory, they import raw material, process it, then export goods. Mostly cheap goods. They are even more subject to supply chains than the rest of us, particularly with regard to the import side.
I'm having a real *chuckle* over the notion that China thought it could stick it's nose into Afghanistan after the embarrassing exit of the US. You go Xi.