cross-posted from: https://lemmy.zip/post/51604987
What makes export controls so powerful for China is its industrial heft. Its manufacturing output—35% of the global total—is threefold America’s and exceeds that of the next eight countries combined.
Worse, a lot of US manufacturing is dependent on products of China’s manufacturing output. Destin from SmarterEveryDay tried to make a BBQ brush in America with no foreign components. He couldn’t find chainmail made locally. He bought some supposedly Indian one which turned out to actually be made in China. It’s crazy.
good article overall, well researched and well written, feels very balanced when reading it.
paywall
Well, in other news we read that Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies.
Unfortunately, the Economist lost a lot of its quality and research strength in the last two decades or so which is why I stopped reading almost entirely. What is interesting, though, is that tankies slam the Economist frequently as a some sort of Western propaganda media, but have apparently no problem with it if at least the headline aligns with their desired narratives. The hypocrisy is almost hilarious :-)
