US-China Chip War – Policy Recommendations by PKU Scholar Lu Feng
sinification.substack.com
"Since the US has used its ‘nuclear weapon’ against China, China should strike back and use its own ‘nuclear weapon’ ... The US’s ‘nuclear weapon’ is tech and China’s ‘nuclear weapon’ is its market."
It is hard to be optimistic about the future of the world economy after reading this article. Profits, markets, competition for customers seem to have been forgotten and politics is in command. The main goal of economic policy today seems to be hampering the economy of other countries in retaliation what other countries have done to you. It is hard not to see parallels with trade policies from the 1930's which literally wrecked the word economy. And we can't stop because "the other person started it". Really worrying.
Further buttresses the point I made in the first installment of my TBAJ series. If China discovers its own strengths in this respect, so must the West - and I would argue the balance is not yet conclusively in China's favour.
It is hard to be optimistic about the future of the world economy after reading this article. Profits, markets, competition for customers seem to have been forgotten and politics is in command. The main goal of economic policy today seems to be hampering the economy of other countries in retaliation what other countries have done to you. It is hard not to see parallels with trade policies from the 1930's which literally wrecked the word economy. And we can't stop because "the other person started it". Really worrying.
Further buttresses the point I made in the first installment of my TBAJ series. If China discovers its own strengths in this respect, so must the West - and I would argue the balance is not yet conclusively in China's favour.