Former senior Chinese official reveals: China’s insufficient consumption is a structural problem. This revelation comes as former official appears on stage with He Jinli for the first time after the election defeat. President Biden has called for unity among all sectors. Meanwhile, former President Trump is accelerating the formation of his government, with key aides being nominated successively. The United States has ordered TSMC to stop supplying advanced chips to the Chinese government.
Translated from New Tang Dynasty News, complete edition, November 11, 2024
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The observations of the former Chinese official shed light on the underlying issues of China’s economy. Insufficient consumption has long been identified as a significant challenge that the country faces. This structural problem points to deeper-rooted issues that need to be addressed for sustainable economic growth.
The rare appearance of the former official alongside He Jinli, following the election defeat, has sparked interest and speculation among political observers. President Biden’s call for unity comes at a critical time as the country navigates through various challenges and transitions. The coming together of different sectors is seen as essential for addressing current issues and moving forward effectively.
On the other hand, former President Trump’s swift actions in the government formation process indicate a proactive approach to governance. The nomination of key aides reflects his priorities and strategies for the future administration. The developments in the U.S. political landscape signal potential shifts in policies and approaches, impacting both domestic and international affairs.
The order for TSMC to cease supplying advanced chips to the Chinese government is a significant move with implications for the technology industry and national security. This decision underscores the complex dynamics of the U.S.-China relationship and the ongoing efforts to manage strategic competition. It highlights the importance of technology supply chains and their role in shaping global power dynamics.