• Tankiedesantski [he/him]@hexbear.net
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      11 months ago

      Though I think we should moderate our glee somewhat since South Korea is an occupied colony of the US and a lot of Korean people are going to suffer during this decline due to American demands.

  • jlyws123@lemmygrad.ml
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    11 months ago

    The price in Korea is so high that many people smuggle rice through commercial flights between China and South Korea.

  • loathsome dongeater@lemmygrad.mlM
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    11 months ago

    If chip exports contributed most to the previous trade surpluses for ROK and now US has sanctioned Chinese companies on the chip aspect, wouldn’t the sanctions be the primary reason behind China using homegrown ones? They only abstractly mention “Washington-Beijing tensions” in the last line.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      11 months ago

      The sanctions are absolutely the reason, and as I recall both ROK and Taiwan fought really hard to get exemptions. I guess now that China’s domestic output is ramping up, there’s simply no reason to import.

      • besbin@lemmygrad.ml
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        11 months ago

        The interesting thing is we are still only in the beginning of the Chip War. Give it a few more years and both occupied Korea and the Chinese rebellion province will be in a much worse situation.

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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          11 months ago

          The speed with which China managed to start producing 5nm chips has been absolutely stunning. Even the most optimistic predictions were that it would take around half a decade for China to be able to do that. Now that China got serious about this, I fully expect that we’ll see China surpass whatever the west is able to produce within a few years. At that point, China will become the major global chip supplier and it will be very difficult for western companies to compete with that. I’m including ROK and Taiwan under western umbrella here. I wonder if this might end up having an impact on politics in Taiwan as well given that chip exports are a major part of the economy.

  • lil_tank@lemmygrad.ml
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    11 months ago

    Am I the only one who finds the article’s picture weirdly hilarious? It has some meme energy to it

  • Catradora-Stalinism☭@lemmygrad.ml
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    11 months ago

    I love how so many western ‘news’ articles will still unconsciously represent the communist country as the massive specter looming over them

    some things never change

  • Other reasons for the deficit are growing tensions between Washington and Beijing and China’s economic slowdown.

    No shit honorary Aryan, THAT IS THE REASON! If you sanction a country, they’ll find a way to bypass it. In this case, funding indigenous products.