Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "China Observer"
channel.
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@mikestewart4752 Try paying property tax on a $500,000 home, and that is the average price of a home in the US. You will be paying $5000 to $12,500 per year, and you have to pay homeowners insurance on top of that which is another $4500 to $5500 per year. You need to have $9,500 to $18,000 per year to pay just HOI and property tax. If you add a mortgage on top of that, you need $2,672/month.
In one year, you need $41,564 to $50,064 to have a home with a mortgage. You need to earn about $110,000 to $120,000 per year before taxes. Not many people make that in the US.
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@popajoekiller China followed WTO rules. Let me explain....
Chump started this tech ban back in 2018, and the current administration followed through with it. As a result, the PRC couldn't buy advanced semiconductor chips. Due to WTO rules, China couldn't put tariffs on semiconductor chips from AMD, Intel, Nvidia, Qualcomm, and others. This hampered China's semiconductor industries, because they couldn't compete in price or performance.
As a result of these bans, China is building DUV lithography machines to make semiconductor chips, and designing their own chips. Now, China will have a semiconductor industry that is subsidized by the government, and it will have a world class semiconductor industry in 5 to 10 years from now if not sooner.
Now, China can control the top of the supply chain.
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