Democrats restrict investment in China
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Democrats restrict investment in China
They have restricted US companies investing in AI, quantum computing and semiconductors in China.
Good move, esp as they will be investing $280B in domestic research and chip manufacture in the US
https://abcnews.go.com/Politics/biden-administration-restricts-american-investments-high-tech-sectors/story?id=102138191
https://en.wikipedia.org/wiki/CHIPS_and_Science_Act
Sprintcyclist- Posts : 6070
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vege57 likes this post
Re: Democrats restrict investment in China
China is a shit hole , all western countries should be bringing their tech back into the fold
vege57- Posts : 10550
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Red Lily likes this post
Re: Democrats restrict investment in China
China has massive economies of scale, very good orderly workforce, technological nous.
In addition, their ethics are not as 'stringent' as the West. They will do anything to win.
Giving them any advantage of your investing would be worse than foolish
In addition, their ethics are not as 'stringent' as the West. They will do anything to win.
Giving them any advantage of your investing would be worse than foolish
Sprintcyclist- Posts : 6070
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