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Comments by "" (@thomasherrin6798) on "Public Confidence Collapses In Chinese Economy | Country Garden Bailout | Huawei AI Chips" video.
Well it is not officially confirmed yet, but it would be a lesson in how to make a serious problem, confined to the property sector, far worse and spread to the financial sector. I suppose in the end the financial sector must take a hit one way or another but to single one business out to shoulder this loss seems to be a little misguided!?!
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The CCP might try and make the whole World suffer such is their King Kanute syndrome at present!?!
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China can pump money into chip development and 50% will go in the back of CCP officials pockets and it will cost them far more to develop than importing ready made ones, Huawei are in pole position in China to benefit but that means they have to deliver and at present it's a bit of smoke and mirrors in their "advanced" chip making technology, like a lot of their other technological advances, they have serious flaws!?!
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