No surprises, this was clearly signalled back in 2015.
During this decade has the US disentangled its reliance on China in the semiconductor industry?
I'll let you guess.
We will be entering a phase in which the US high-tech industry (including the military complex) is highly dependent upon China, whilst China is not dependent upon the US.
For those who doubt how clear the intentions were ... go read Made in China, 2025.
China's government made its intentions evident in 2015. The US sabre rattling of sanctions reinforced that purpose whilst the US essentially continued with a misguided "market knows best" policy.
This, along with the transition of power from West to East, is simply the logical expression of the Beijing versus Washington model - a path that was started long ago by Deng Xiaoping.
Alas, the US is still too dominated by neoliberal economic thinking, and it lacks a long-term strategic capability. For all our souls, it needs to adapt to a world where the future relationship between US and China is equivalent in scale to today's relationship between UK and US.
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