us-china-trade-war
Let’s start with a tangent: the differences between socialism with Chinese characteristics and capitalism. Older generations often say, “To get rich, first build roads.” Infrastructure construction in China is funded by the state; in a capitalist society, these projects would be contracted out. In remote areas where there’s no profit to be made, companies wouldn’t be willing to take on such work. I don’t want to stray too far from the article’s main topic, but ordinary people may not feel much impact from the trade war. However, China’s high-end manufacturing has consistently been relatively weak. In my IT industry, memory, hard drives, CPUs, and graphics cards – the core components of a computer – all come from foreign factories. These parts account for 50% of the total cost of a machine. The development of high-end manufacturing is essential. A collision between China and the United States is inevitable.