Trump, in his own way, is re-establishing the primacy of the state over the capitalists. He is forcing them to bend the knee. Not dissimilar to how Putin brought the Russian oligarchs under control, or how Xi ensured China's capitalists don't challenge state power (bringing down Jack Ma). Trump is a live player that's for sure
yes indeed, no criticism for Trump - or indeed Putin or Xi in this case. Capitalists have no loyalty to the state, so must be brought under state control or at least significant influence. Heretical thing to say not so long ago, but self evidently true today
>Beijing's motives for the directives are not clear
>Also unclear if this is a ban or temporary measure, sources say
>US only formally approved H200 exports to China this week
>China keen to promote development of domestic chip companies
https://www.reuters.com/world/china/chinas-customs-agents-to...
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