Deng Xiaoping’s philosophy, “Hide your strength, bide your time.” people had often said that Xi is anti-thesis of Deng and more of a Maoist , boy they are dead wrong, he is more unique, a combination of both and that makes him more formidable.
from onebyone (pakistan defense forum)
So as it turned out, the Trump team is indeed the herd of the morons and dumbest policymakers that Krugman described. He was right, and I was wrong.
Paul Krugman, the 2008 Nobel economics laureate, lambasted US President Donald Trump’s team in two notable columns in The New York Times. He slammed the Trump team as The Worst and the D…
asiatimes.com
China imported and stockpiled semiconductors, and imported machines needed for making chips for its technology industry. As well, it succeeded in making 40-nanometer chips domestically. They also gained confidence through in making 28- and 14-nanometer chips.
After these successes, China started to retaliate against the US. It bided its time for two and a half years. Now Trump’s strategists are dumbfounded by China’s breakthroughs in the semiconductor industry that could soon severely damage the US chip-manufacturing industry.
This is a crucial issue that Trump’s strategists failed to foresee.