China is making all effort to protect its lead in many sectors and is not in the mood to allow any transfer of its many cutting-edge and sought-after technologies especially in its EVs, batteries, and high-speed rail manufacturing sectors.
China's many inventions in the past have gone to benefit many others, among which are its gunpowder invention, the compass, the seismograph, paper making and printing. Gunpowder enabled others to invent rockets for space travel and sadly making more and more offensive weapons for killing people, the compass enabled marine navigation to flourish, paper and printing provided the tools for dissemination of knowledge and the rapid expansion of education. All have benefitted mankind one way or another by being shared.
Now China is taking a leaf from the USA and the West, using its National Security issue to stop the transfer of technology. What is sauce for the goose is sauce for the gander. Sorry for saying this again and again.
Anonymous
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All the talk on MSM is about AI and data centers and more trillion-dollar companies emerging and billion or trillion-dollar IPOs on the line. Nobody is talking about the drying up of money moving around in circles among the big seven technology companies in the USA, fueling the AI and data center frenzy. Everybody seems to ignore the renewable energy sector as if it is no longer important. By the way, that sector is already lost to China, so why bring it up.
On the surface everything seems rosy in the USA regarding AI and data centers. The frenzy is so overbearing, they are even talking about building data centers in space and even under the sea. Think about that. Let us hope the money sank into IPOs does not vanish into space or sunk into the Mariana Trench.
In no time, every tech company in USA will be a trillion-dollar company and Wall Street will go to as high as the moon. I seem to hear all-time highs every other day on Wall Street, while the USA is chalking up all-time highs in debts, a diametrically movement of sorts, now nearing US$40 trillion. Trump wants to spend another US$1.5 trillion to shore up his defense budget. Think about that too.
The USA is trying to push China to spend on AI and data centers the same way it is doing. China does not need to take the bait. China is doing fine with its economical spending on AI, at a fraction of what the USA tech did so far, with results as positive. Who is going to be find the going sustainable and who will collapse in due time? The circle investing strategy is not sustainable, so now big tech in USA needed more to spend and are using IPOs to keep the game going. Elon Musk's SpaceX is going for it with a US$1.75 trillion IPO on the line. OpenAI is going ahead, aiming to join the prestigious trillion-dollar wagon.
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