It is only a retreat if most major Chinese high tech companies survived and emerged stronger. Right now, it is an attempt to destroy Chinese high tech giants before it is too late. Semiconductor is the last stranglehold that Americans have over China and the rest of the world.
Well, I do not disagree with what you are saying, but what if it is a retreat by the part of the Americans?
From the Chinese perspective, Qualcomm was here selling stuff. Now they're gone! They left China.
This probably has implications, which no one thought of.
Would the rest of the world are willing to follow the Americans in retreat from the China market?
That kind of underscores a big issue, this is about American leadership over its minions. If the leader is weak and retreating, how enthusiastic will the minions be?
I think, that is what we may be thinking about.
The new sanctions, are they American strength or American weakness?
One thing is true about these new sanctions, this part of the tech war cannot be fought to a stalemate, this is all or nothing.
If they made the move on American strength, they would win for sure. If the move was based on American weakness, then they would lose for sure.
Maybe it is like when they started bombing Cambodia. Sure that was a display of American firepower, but also a clear sign they lost the plot, and eventually would go home without accomplishing anything.
What the CCP has to do next, has to be inline with this, I would believe. I think it is interesting.