China cannot give subsidies, only USA can ... twisted logic of American gangsters

 Now Janet Yellen is accusing China of giving 'subsidies' to its industries to compete unfairly with the USA. The USA is in fact doing exactly the same thing for decades, if not more drastically and longer than what she is accusing China of doing.

Calling subsidies by another name, like the 'Inflation Reductions Act' is not going to make it more palatable to the ears of those who can see the hocus pocus adopted by the USA. The same as calling 'decoupling' as 'derisking' to fool the walking dead. Kamala Harris probably can do it better with her reputation as someone who became increasingly famous in popularizing the phrase 'Word Salad', on top of her 'Dracula' laughter.

China may be doing its part in high end chips to catch up with the USA, Japan and South Korea. But China's industrial base termed 'factory of the world' does not as yet need such high-end chips, except AI and expensive top-end mobile phones. Other than that, dependence on matured chips, those 14 to 28 nanometer chips for her production of EVs, washing machines, TVs, solar panels, cranes, wind turbines and other consumer products can more or less be sourced from its domestic manufacturers.

The USA and the West may be thinking they have the upper hand in sanctioning China from acquiring high-end chips, but on the flipside, they have to understand that such endeavors still require rare earth elements that China is still the dominant player in the world.

So, who is killing who? And who is winning the Chips War is still not certain.

Anonymous