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The Chinese Communist Party's economic record is historically mixed. To be sure, its greatest strength is mobilizing resources to invest in public goods. And China has made great strides economically and socially in recent decades. But historical blunders show that the CCP's interventions can also have disastrous consequences.
By Redaktion Table
China, which has been sanctioned by the USA, wants to become more independent of foreign countries in the field of semiconductor technology and is already putting its money where its mouth is. In the past five months alone, it has raised a total of six billion US dollars for new investments in the sector. While China is quick to implement and create capacity, it is technically lagging behind South Korea, the island of Taiwan and the US. The auto industry is watching the semiconductor arms race closely.
By Frank Sieren
