China should be able to replace all Japanese chemicals, even more easily than Korea could. The difference is how economical for the koreans to do it by itself.
News on China's scientific and technological development.
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The GE engines that powering COMAC Planes has Nippon Carbon inside it.
Every thing flying in this world in commercial aerospace has Japan inside it and those are not replaceable as planes will need to be recertified. It is not like Sony mobile phone replace Samsung Phone with quick turn around with more or less features.
Japan basically forced TSMC to build a Fab inside Japan.
US and Japan can play Korea/Taiwan against each other and weaken both of them.
When SKorea won UAE Nuclear reactor project it had to rely on Japan/US as subcontractors/licensing. these big countries can easily screw them to make them lose face in Arab world. that picture that i posted of Arabian prince in desert tell you all that needed to know about reliability of Japanese product as they dont tolerate unreliable vehicles when the are in desert retreats or hunting.
There is so far no evidence that Taiwan or Korea salaries relative cost of living/private debt are any better than Japan. so all that external dependencies didnot achieved its intended goal.
Well you know how the Toyota model used to be. Total vertical integration. Raw materials come in and products come out.
This was somewhat broken since the 1990s when the US mollified Japan's powerful Ministry of International Trade and Industry.
Japan has since got itself a bunch of MBAs running its enterprises. Toyota is also a great example of this. Akio Toyoda might be of the family but he has degrees in law, business, and an MBA. He's useless as a leader of a technical company.
This was somewhat broken since the 1990s when the US mollified Japan's powerful Ministry of International Trade and Industry.
Japan has since got itself a bunch of MBAs running its enterprises. Toyota is also a great example of this. Akio Toyoda might be of the family but he has degrees in law, business, and an MBA. He's useless as a leader of a technical company.
PikeCowboy
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I did not said they can do every thing by themselves but they have influence in EU/Asia/Middleast/LatinAmerica.
Korea and Taiwan not in that league.
EU and Russia hasnt turn the screws on Korea yet despite very significant help. It can be concluded that Korean and Taiwan model of development completely flopped.
The vertical integration model within the same company works best when:
1. communication/transaction costs are high
AND/OR
2. you have a tightly integrated/complex product
With the internet, collaborative apps/software and easy payment mechanisms, point 1 is no longer much of a barrier unlike the days prior to computers.
On point 2, with moderately complex products like cars with high production volumes, you can still source or develop components mainly in-house
But when you have very complex, low production volumes or very high-tech products, it is impossible to do everything in-house and to do it well
Ah I was wondering why MITI stopped being so successful.
Intel's new CEO is a technical leader replacing a generation of MBA leaders which is why you hear a bevy of news these days about Intel going back into core manufacturing instead of just relying on chip design which ostensibly was good on the P/L column.