China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.
Ultimately though, does this matter? The smartphone userbase in China and India are a combined 6 times the size of the USA’s and are growing. Furthermore, the USA imports most of their tech from China, while China keeps their wealth largely internal. Even if the USA were to completely cutoff trade with China, it’s not like China’s doing nearly as much importing of manufactured goods, especially in the low-end, and it’s not as though China would be at a loss for trade partners even if every US ally followed suit.
Cutting off trade to China, at least by what I can tell, would hurt the USA far more than China, or am I wrong?
They moved our jobs and production, and for what? Cheaper trinkets and widgets?
deleted by creator
The fiction of the last 30 years is revealed to those with eyes to see.
All this time the capital class and their lackeys have been saying “Russia is a our superfriend now and China wants to be democratic so we are helping them by using their slave labour and don’t you feel guilty for questioning our supremely good intentions here!”
And meanwhile it’s the same old global power struggle, but you can make SO MUCH using slave labour, it was just too tempting to send every bit of our labour - even our high tech - over to their factories.
The CCP be like “oh no, I have this enormous population of exploitable laborers with minimal workers rights, sure hope some wealthy western capitalist don’t use them and make us rich in the process”.
.
