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Sputnik — The Task: China Must Rally ‘Whole Country’ to Defeat US ‘Technology Blockade’, Top CCP Official Says

Summary:
Building national self-sufficiency for the dragon to escape the eagles talons (economic sanctions) without the need to breath fire (go to war).Semiconductor technology. China produces 7% and consumes 33% of global production. Given the level of its consumption, it is worth investing heavily in developing self-sufficiency.Sputnik InternationalThe Task: China Must Rally 'Whole Country' to Defeat US 'Technology Blockade', Top CCP Official Says

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Building national self-sufficiency for the dragon to escape the eagles talons (economic sanctions) without the need to breath fire (go to war).

Semiconductor technology. China produces 7% and consumes 33% of global production. Given the level of its consumption, it is worth investing heavily in developing self-sufficiency.

Sputnik International
The Task: China Must Rally 'Whole Country' to Defeat US 'Technology Blockade', Top CCP Official Says
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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