Part 7/10:
Further illustrating this complexity is the semiconductor industry, a sector China is now aggressively working to develop independently. In light of the trade tensions and U.S. restrictions on technology exports, China is positioning itself to build its entire semiconductor supply chain. This endeavor, if successful, could dramatically impact global technology markets and tilt the balance of economic power.
Interestingly, even the space race narrative is echoed in how China has previously responded to U.S. restrictions by ambitiously building its own space station. The developments in the semiconductor and tech sector will be indicative of whether global cooperation or competition will drive future economic trends.