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by wholemodern
748 days ago
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China is broke, like dead broke. It will follow Soviet Union's footstep of space race with the US in 1960 and collapse of Soviet Union. Ship building is not the same technology level as spacecraft. China famously exclaimed in 2019 that they will be able to duplicate EUV in a few years, when dutch introduced EUV restrictions in China in 2019. Still nothing from China on EUV. Still nothing from China in terms of plane engines. Their new carrier in 2024 is still just a "demo" carrier, not to be used in real combat. With the 50-70% youth unemployment [1], private enterprises dying [2], and dictatorship in China, scientists will either become disillusioned with work and lay flat, or flee to other countries. [1] Chinese professor says youth jobless rate might have hit 46.5% (2023) https://www.reuters.com/article/idUSL4N3960Z5/ [2] https://www.barrons.com/articles/chinas-private-sector-is-lo... |
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