Professor Wen Yi elaborated on how state capacity, industrial policy, and innovative capacity have shaped the economic miracle of China. He believes that the...
I believe US was trying to trigger a military conflict with Taiwan over chip manufacturing.
They had the short term thinking that China would try plunder Taiwan for TSMC rather than develop their own capabilities.
As the video said, this is the opposite of China’s mindset on economic development. China had all the ingredients to become self-sufficient on chip manufacturing and just needed a catalyst to start to cook. Trump became that catalyst and Biden continued to same policy.
I believe US was trying to trigger a military conflict with Taiwan over chip manufacturing.
They had the short term thinking that China would try plunder Taiwan for TSMC rather than develop their own capabilities.
As the video said, this is the opposite of China’s mindset on economic development. China had all the ingredients to become self-sufficient on chip manufacturing and just needed a catalyst to start to cook. Trump became that catalyst and Biden continued to same policy.