China’s intention to invade Taiwan has never gone away.
Year 2 of the Chip Shortage Is Starting
The industry’s biggest players such as Intel are now waiting for the U.S. government to do its part and pass the $52 billion CHIPS for America Act. In June 2021, the Senate signed off on the legislation — which aims to incentivize U.S. manufacturing of semiconductors. But, the bill is still being debated in the U.S. House of Representatives.
FM Wang Yi’s address at 58th MSC: Regarding the “path of cooperation that benefits the globe,” Wang added that “The idea of exclusive security and absolute security must be rejected. We all must guard against and oppose any attempt for a new Cold War, and strive for a world of enduring peace.” – FM Wang Yi
U.S. efforts to integrate China into the global economy and help it become economically strong were “foolish,” creating a “peer competitor.”
China’s “predatory financing” is leaving smaller counties under huge debt endangering their sovereignty. It is estimated that Sri Lanka owes debt payments to China in the region of USD 1.5 to 2 billion this year.
Apple is the world’s most valuable company right now, but what would it be worth if the U.S. “decoupled” from China’s manufacturing capacity?
China is now the largest trading partner with Europe, Japan, Southeast Asia, and, despite sanctions, the U.S. Trade wars will not be the best battlefield for the U.S. to defeat China.
Beijing continues to claim its sovereignty over Taiwan.
Minister Wang Yi has repeatedly said at the conferences that Taiwan “has no alternative destiny” but reunification with China and that it has no international legal position other than that of a Chinese province.
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