As a result, China’s attempt to unseat the United States as the world’s largest economy is under “unprecedented” pressure.

This via the South China Morning Post: Tech war: starved of chips, China’s bid to topple US as No 1 economy faces ‘unprecedented’ pressure (may be gated)

  • US technology containment has led some international organisations to delay – if not drop entirely – forecasts that China will become the world’s No 1 economy
  • China’s digital economy accounts for 39.8 per cent of gross domestic product, but for it to power future growth, the country needs high-end semiconductor chips

This refers to the US-led technology exports (advanced semiconductor chips, chip-making software and tech talent) ban. Both The Netherlands and Japan have joined the US in this.

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