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Beijing's quest for chip independence is made in Taiwan

1 month ago   |   By Fortune

On Monday, we learned that China's economy roared back to a pre-pandemic growth rate of 6.5% in the final quarter of last year, pushing expansion for the full year to 2.3%. That left China the only major economy in the world to avoid a contraction in 2020-and prompted many economists to move forward their predictions of the year China, now the world's second-largest economy, will overtake the United States as No. 1. (The new consensus seems to be somewhere between 2028 and 2030.)
But for all that strength, China's economy remains acutely vulnerable in one very specific way: it is utterly...
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