'China has been goaded into building self-sufficiency far earlier than it would have otherwise,' writes MSA Capital's Ben Harburg.
  • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
    ·
    9 months ago

    I think it's pretty clear that people making these decisions don't have a clue. Experts have been saying from the start that this is a hare brained scheme. The key part here isn't that China can still access western tech, but rather that China now has a strong incentive to develop domestic tech, while western companies lose sales.