Here’s an exceedingly stupid take on Communist China using subsidies to eviscerate the US economy.
China’s Export Subsidies Are a Gift:
“(We should be) making a beeline to the nearest Hallmark store to buy thank you cards to send to the Chinese government for the subsidies it provides to Chinese exporters….”
This publication was made public in September. After almost two years of the global lockdown and more than six months of the all-encompassing US supply chain shortage caused by just one China (and US)-subsidized Chinese export — the Coronavirus.
Importing Government Subsidies: The Worst of Fake ‘Free Trade’
To witness all the damage our lack of domestic production has done — and the China Virus has exposed and exacerbated — and then say we should be thanking China for doing it all to us? It is an entirely new level of stupidity.
However, over the past several decades, a lot of US insanity has been bought by Communist China’s money.
How America’s Biggest Companies Made China Great Again
Consultancy Helps U.S. Businesses Move to China
Leftist Big Tech: ‘Communist China? Hell yes. What about the US Military? Heck No.’
The US Sell-Out Continues: Big Tech’s Latest Capitulations to Communist China
US companies remain committed to China, despite Trump’s increasing tensions and pressure
Because President Donald Trump wasn’t owned by China. But just about everyone else in DC is — and has been.
It’s a tough fight against anti-China propaganda.
“Companies are teaming up with untraditional allies out of fear that the fall legislative session will lead to restrictive laws.”
Fear not, US sell-outs: The rumors of this “uphill battle” are highly exaggerated.
Congress Was Pressured by Biden Administration to Reduce Anti-China Bill
Senate Dems Stop Measure To Prohibit Exports Made From Chinese Slave Labor
Why is it that all the US officials act like Chinese officials Money. Coin. Dollar bills, y’all.
Chinese Energy Firm Chairman Gifted Hunter Biden an $80,000 Diamond After He Agreed to Help Expand the Business by Making ‘Introductions’ for $10 Million a Year
Quid…pro quo:
Hunter Biden Firm Helped Chinese Company Secure $3.8 Billion Cobalt Mines
China’s money — and its influence — is everywhere.
Dem Big Wigs Including Harris, Cuomo, Schumer Listed as ‘Domestic Contacts’ in Biden Chinese Business Email
Similar to Hunter Biden and McConnell McConnell are dependent upon China via family business deals
Sen. Feinstein’s Husband Had Ties to China as She Pushed Trade
Schiff Refuses to Disclose Why He Withheld Details of Swalwell’s Relationship with a Chinese Spy from Intel Committee
Bill Clinton’s Reelection Campaign was Helped Illegally by Chinese
And the companies China didn’t suck out of America? They’re buying them right here in the US. Without any opposition from the officials we elect — but they own.
Why are we allowing China to buy American companies?
China now owns the largest American companies
Chinese Investors Own Ten American Companies That Are Iconic
China Buys American Farms
How China Acquires ‘The Crown Jewels’ of U.S. Technology
Ah, yes! The digital economy is becoming more dominant.
As we’ve seen, US Big Tech companies refuse to work with our government but are more than happy to work with China’s Communist government. But it goes way beyond just these “edge” sell-outs.
These are core businesses that help make the Digital Economy work. They are almost all dominated in some way by China.
China’s dominant market for tech sector and rare earth metals are critical
China dominates global coal production
China is dominating Artificial Intelligence
China’s Global Leader in Drones: Three Reasons
What about the Digital Economy, even if China is able to dominate it all? They have to dominate the semiconductor industry. Semiconductor “chips” are the digital brains behind everything technological. China is the world’s largest producer of chip.
China Semiconductor Imports Rise to All-Time Record High in the Face Of Global Chip Shortage
Modern Infrastructure: Lack of Domestic Semiconductor Manufacturing
Why Fewer Chips Say ‘Made in the U.S.A.’:
“In 1990, the U.S. and Europe produced more than three-quarters of the world’s semiconductors. Today, less than 25% of the world’s semiconductors are produced by them. Japan, South Korea Taiwan, China and China are gaining ground to challenge the U.S.A. and Europe. And China is on pace to become the world’s largest chip producer by 2030.”
Oh, and China buys out Asian rivals.
China stockpiles chips and chip-making machine to resist U.S.
“Chinese businesses bought almost $32 billion of equipment used to produce computer chips from Japan, South Korea, Taiwan and elsewhere, a 20% jump from 2019, a Bloomberg analysis of official trade data shows.
“And with companies like Huawei Technologies Co. stockpiling supplies ahead of U.S. sanctions, imports of computer chips climbed to almost $380 billion — making up about 18% of all of China’s imports for the year.”
China dominates semiconductors — the same way they dominate everything else.
China eyes the US: China has $33 billion in subsidies for Bolster Chips
What can the US do about this?
U.S. Companies Aid China’s Bid for Chip Dominance Despite Security Concerns:
“Silicon Valley venture-capital firms and chip-industry giants are ramping up deals in China’s semiconductor industry, alarming U.S. officials.”
Helpful.
But the truth is that there’s still political value to domestic chip manufacturing. It looks good to look like you’re actually for the country you purportedly represent. This means there will be many great jobs wherever chips are made.
With Democrats looking down at what looks like a terrible 2022 election, maybe the next step will come about.
Can Congress’ $52 Billion Chip Bill Overcome the Silicon Shortage?:
“Between shuttered auto plants, skyrocketing component pricing, and ever-growing lead times, the ongoing semiconductor shortage is hard to miss. And while the Biden Administration’s massive infrastructure bill has garnered the lion’s share of media attention, Congress hasn’t forgotten about the chip shortage.
“Introduced early this summer, the $52 billion CHIPs for America Act aims to bolster U.S. semiconductor supply chains and reduce reliance on Asia-Pacific foundry operators like Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics. And unlike the hulking infrastructure bill, the CHIPs for America Act has broad bipartisan support in the senate.”
Except….
Beating Dead Horses: Forget ‘Build Back Better’ and Get Bipartisan Already
Congress is now wasting many months fixated on this monstrosity. It has created a year-end legislative logjam. Which has led to this….
Congress’ Chip-Funding Pause Raises Alarms:
“Despite bipartisan support in the Senate, a plea by the Commerce Secretary and growing desperation from industry officials, Congress still can’t get a key bill that funds the U.S. chip business over the finish line.”
The CHIPS bill should be treated as “must-pass” legislation.
It is must-pass legislation.
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