China sells far more stuff to the rest of the world than it buys from the rest of the world, and that means that it has far more money coming in than it does going out. “The main reason behind the continued growth of China’s exports … is not … because the overall size of global trade has expanded, but because China is claiming a larger share of the existing trade landscape.” The chief of the most valuable company in the world by market cap has long been saying that the U.S. ban on chip exports is a failure, and that the spread of its advanced semiconductors is vital for it to retain its competitive advantage globally.
Author: Michael
Published at: 2025-12-08 22:14:30
Still want to read the full version? Full article
