US-China chip war crossfire hitting smaller powers

[unable to retrieve full-text content] There was a time when government spending to support particular industries was widely deplored as wasteful interference in free markets. No longer. China, the United States and the European Union have vastly increased government subsidies to industries, frequently supporting the development of advanced technologies. These subsidies are sometimes complemented by policies designed to deny technological […] The post US-China chip war crossfire hitting smaller powers appeared first on Asia Times.

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Jul 4, 2023 - 00:14
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US-China chip war crossfire hitting smaller powers
[unable to retrieve full-text content]

There was a time when government spending to support particular industries was widely deplored as wasteful interference in free markets. No longer. China, the United States and the European Union have vastly increased government subsidies to industries, frequently supporting the development of advanced technologies. These subsidies are sometimes complemented by policies designed to deny technological […]

The post US-China chip war crossfire hitting smaller powers appeared first on Asia Times.