And now the whoop-ass.
You can thank Trump for this. His chip and Huawei sanctions taught the Chinese they had to control their entire own tech stack. Before that they preferred American, Korean and Taiwanese chips. No big Chinese company would buy Chinese crap chips. If the US hadn’t decided on its moronic trade war, China would have allowed it to gracefully age out of its Empire, letting it keep some areas of technological superiority.
As usual, the Chinese played this ice cold. They took their lumps, they devalued the yuan, they made concessions. When Biden came in, he doubled down so they realized it wasn’t just a democratic hiccup, but core policy agreed to by both parties. Then Trump came in and went on his insane tariff blitz. Worked against his vassals, but China doesn’t have to take America’s crap any more and it isn’t.
Now, as the kids like to say, having fucked around, America and the West are about to “find out.” Revenge served ice fucking cold.
https://www.ianwelsh.net/china-is-going-to-leave-the-us-what-america-left-britain-nothing