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If THIS Really Goes Down in China, You Better WATCH OUT
The economic impact of the slowdown in manufacturing orders from China is significant given the importance of China in the global economy. China is the world’s largest exporter of manufactured goods and is responsible for over 20% of global exports. Any reduction in Chinese production is likely to have a ripple effect on other countries and industries. The slowdown in Chinese manufacturing orders will negatively affect the global economy in a number of ways. Firstly, it will reduce global demand for Chinese products, meaning countries reliant on imports from China will be left with an inadequate supply of goods. Secondly, it will reduce the amount of money being spent in the global economy, leading to slower economic growth. Finally, it could lead to job losses in other countries, as those who are employed in industries related to the Chinese manufacturing sector may find themselves out of work. The domino effect of this slowdown in Chinese manufacturing orders could be felt in other countries and industries. For example, the reduced demand for Chinese products may cause other countries to slow down their own production, leading to fewer job opportunities and a weaker economy. Additionally, the decreased amount of money being spent in the global economy could lead to a decrease in investment, which could further weaken economic growth. Overall, the slowdown in manufacturing orders from China is likely to have a significant impact on the global economy, and could be felt in other countries and industries. It is important for governments to take steps to minimize the economic impact of this slowdown in order to prevent further deterioration of global economic growth.
USA is restricting companies from any business related to selling semiconductors to China. This is to solidify USA dominance and hegemony. Also USA claims this is for national security so China doesn't get access to advanced semiconductors. What is the impact of these restrictions and how will China respond?
The impact of these restrictions is that it limits the ability of Chinese companies to access the latest technology and components for their products, slowing their technological advancement. This could also lead to a decrease in Chinese economic growth and increase in prices for Chinese consumers. China is likely to respond by increasing investment in research and development in order to develop their own semiconductors, as well as increasing diplomatic and economic pressure on the USA in order to try and get the restrictions lifted.
TOPICS AND TIMESTAMPS:
China Has Worries Ahead 0:00
China and Semiconductors 11:30
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