carl_marks_1312
China is one of the few countries deploying UHV transmission lines to minimize the loss Brazil has a UHV grid too
https://en.m.wikipedia.org/wiki/Ultra-high-voltage_electricity_transmission_in_China
Beijing has responded to the U.S. export controls in two ways. First, it has retaliated against U.S. companies. In May 2023, China announced that U.S. chip maker Micron failed a cybersecurity review, a dubious claim that resulted in a ban on certain domestic sales of Micron’s memory chips. This likely contributed to a 49 percent drop in revenue year-on-year for Micron in FY 2023. China also blocked a planned merger between U.S. semiconductor giant Intel and Israeli firm Tower Semiconductor by failing to rule on the transaction before a deadline set by the companies. The two companies had waited over 18 months for a ruling.
Second, the export controls have galvanized China’s industrial policy and innovation agenda, which may threaten the U.S. semiconductor industry in the long term. China is channeling tens of billions of dollars into its domestic semiconductor industry through state-led investment funds, while forming new public-private partnerships and updating its tax incentives to boost its research capabilities. Meanwhile, it is pressuring its domestic companies to buy Chinese semiconductors, manufacturing equipment, chip design software, and other critical inputs, which provides those companies with more revenue to invest in R&D and capital. The U.S. export controls may be helping China achieve this goal. The New York Fed’s report found that Chinese firms targeted by the U.S. export controls formed new relationships with local Chinese firms to replace the now-prohibited commercial relationships with U.S. firms. These commercial relationships may not have formed if the targeted Chinese firms could still purchase U.S. products.
The export controls also heavily incentivize Chinese firms to innovate themselves. As these companies cannot rely on U.S. firms for advanced semiconductor technologies, they must innovate in-house or partner with non-U.S. firms to develop these technologies. In one prominent example, Chinese companies Huawei and SMIC partnered to develop a 7nm chip, an advanced semiconductor with capabilities that U.S. export controls were intended to prohibit. Preventing China from producing 7nm chips indefinitely was unrealistic, as these chips can be manufactured with equipment unrestricted by U.S. export controls. Nevertheless, the chip represents a breakthrough for the Chinese semiconductor industry, which it achieved at an impressive speed despite U.S. export controls. Huawei previously relied on Qualcomm for chips of this caliber, which may lose over $10 billion in revenue in 2024 due to lost sales.
Thank you for sharing @yogthos@lemmy.ml.
Try this: https://archive.md/dqf6q
China doesn’t give a fuck what high income countries think about them because we still buy their shit anyway.
Good.
They care about the middle and lower income countries, though, because they can exploit minorities and pay lower income to outsource to them
Guys did you know that China does business with developing countries, just to exploit the minorities??
(which is crazy considering how little they pay their own laborers).
The coping and seething of the government taking action to a reported food scandal was more fun to read in the CNN article. They even admitted in the piece that you can freely criticize the government in China on social media lol
On China’s heavily moderated social media platforms, many members of the public called for product recalls and greater industry oversight.
Some also appeared to link the situation to broader issues in the country, where an economic downturn is driving social frustration and there are deep-seated concerns about the limits of accountability for powerful and government-linked entities.
“Even the cooking oil essential to people’s daily lives has now become problematic… Ordinary people cannot be properly safeguarded… Now I just want to scoff at (phrases like) ‘rule of law’ and ‘serving the people’ whenever I see them,” read one comment on China’s X-like social media platform Weibo, that garnered thousands of likes.
I thought China was heavily censoring criticism and you couldn’t voice your opinions publicly? lol
Basically a food scandal has been uncovered by their media and the government takes action in the public’s interest. Something you’d expect a functioning government to do. And this article makes you think it’s a bad thing.
Summed up:
Despite rising living standards in recent decades, food safety has been an ongoing issue in China, where dozens of high-profile scandals have been reported by local media since the early 2000s, sparking tighter government regulation.
Based.
The entire article has so much coping and seething and was a really fun read. Thank you for sharing.
