The vulnerabilities holding back Chinese industry | FT #shorts

China has risen to be a global powerhouse, the world's second biggest economy and one of two true military superpowers. And yet, as the country's leaders in Beijing are acutely aware, the nation has not been able to overcome dozens of industrial choke points. From a Western standpoint, the good news is that these choke points are ultimately holding back China's quest for independence and leaves it vulnerable to US pressure in an era of trade wars and export controls.As well as cuttingedge computer chips, th ...