That
is why countries like China, Russia, Saudi Arabia among others have
seen the oncoming train wreck and are moving seriously forward with
de-dollarisation. Such a move will temper the effect of the collapse of
the US$ hegemony to a certain extent, rather than facing the full force
of the blow.
That is also why China is now more confident of
retaliating against the USA's technological squeeze. China is fast
catching up in its high end chip research and development, which is why
China is taking a more forceful retaliative action in controlling its
rare earth exports, moving away from reliance on foreign chipmakers,
even banning chips from Micron, which it was not able to do, not until
it found its direction in realising its 7 nm chip mass production
capabilities. Most of all, it is reported than 90% of what is inside the
Huawei mate 60 is all Chinese components, that will be 100% soon.
The days of foreign chip makers dominating the Chinese market is ending for good.
Anonymous
Rest assured they will continue to put the USA oncoming financial train wreck on ICU. The debt ceiling had already been raised multiple times in the past, so what is the problem? That show in Congress is just, well a show, much ado about nothing, put up by the senators to make it problematic. It is nothing more than creating an imaginery threat we saw many times before.
ReplyDeleteThe 5G threat of Huawei, first about the relay stations built by Huawei being dangerous to humans and emitting waves of 'death' and must be taken down, LOL, then to full fledged unsubstantiated, no holds barred, National Security Threat, that was later to extend to allies as well. Later the USA was reported to be struggling with new relay stations using a different set of 5G wavelengths for transmission, that was to interfere with aviation communication. But keep this embarassment under wraps, as it is a shameful fiasco and the USA is now into 6G, leaping a hurdle they could not overcome.
The weather balloon threat was also hype up to high heaven as a spy balloon, but that obviously failed to be convincing. The USA could not find credible evidence to stick, after shooting it down, so they resorted to trying to cover up the embarrassment by claiming that the spying equipment on the balloone was not even turned on according to sources. It was further admitted that what the Chinese side told them was factual, relayed once only without further rambling, and that the balloon was supposed to fly over Hawaii and had been blown off course due to strong winds. But from the start this was brushed aside arrogantly and they refused to listen and insisted it was a spy balloon all along. After failing to find the evidence after sieving through the debris, they sheepishly admitted their incompetence.
The spy balloon incident even allowed Antony Blinken to have an excuse to put off his, then uninvited, visit to Beijing. After that, no invitation was to come from Beijing again, not even to Sleepy Joe, who is still waiting. But rest assured Sleepy Joe, even sleepwalking, will crash the party sooner or later, even uninvited. Joe was hoping to talk to Xi at the G20 in New Delhi weeks ago, but was disappointed that Xi was not interested in attending.
Oh, by the way Joe Biden had the whole G20 circus to himself, making some game changing announcements like the IME Corridor project, all to counter China's BRI, and not serving any strategic or useful purpose. As they are saying, when Joe Biden talks, people just laugh it off. When Putin talks people listen. When Zelenskyy talks, people hide their wallets.
No wonder uob bank gold is totally out of stock
ReplyDelete