The entrepreneurial business model in China has now been extinguished. China’s economy will continue to stumble as a result.
Technology
If the U.S. intends to halt China’s push for the autarkic mastery of critical technologies, the October 2022 export ban won’t be enough.
China’s leadership is tightening its grip on the country’s innovation agenda, aiming to accelerate progress in strategic technologies.
It may now be possible to build a mechanical quantum computer using phonons, yielding new, potentially unique computational abilities.
China’s gallium and germanium exports restrictions will likely lead to higher prices, longer delivery times, and more expensive electronics.
A Chinese invasion of Taiwan would bring the semiconductor industry to a halt and send inflation soaring worldwide.
China still seeks to control technology platforms but is unlikely to embark on an extensive campaign as it did in 2020 and 2021.
Shrinking access to the Chinese market under U.S. export controls is bound to spur heightened competition and geoeconomic conflict.
Claiming that China’s lead in research outputs indicates its dominance in “critical technologies” is a case of equivocation.
GPT-3, the engine that powered the initial release of ChatGPT, learns about language by noting, from a trillion instances, which words tend to follow which other words.