Chinese memory maker YMTC added to US export restriction list – IT Professional – News

What’s significant about this? At first they couldn’t do it, mostly because there was really no need to and 5 years later it’s a fact. A little humor, your reaction.

they really mean nothing by themselves

That’s why China is obviously taken seriously by countries like USA, Russia, India… Because China alone is nothing.

That is why Italy, shortly before Corona suddenly created “unity” in the EU, cooperated with China, concluded contracts, etc., while the EU could only point the finger at Italy angrily. Because China alone is nothing.

With a gross domestic product (GDP) expected to exceed $16 trillion this year (2022), China is the second largest economy in the world. Furthermore, it is also the second largest financial center in the world by market capitalization (approximately USD 20,000 billion), after the United States (almost USD 43,000 billion) and ahead of Japan (7,000 billion), the United Kingdom and France (both approximately 3,000 billions)2 .
Because China alone is nothing.

Today almost all of China’s population (95%) has health insurance, up from 5% in 19903 . Thirty years ago, only 30% of the people who worked in the city were enrolled in a pension fund. This percentage is now almost 70%4 . And in terms of gender parity, the female employment rate in China is about 60%, compared to a global average of 47%, according to the World Bank. The number of people who have access to a savings pension fund has increased from 25 million to 900 million in thirty years5.
Because China alone is nothing.

What about us here in the Netherlands, happy people, low inflation, good prospects, rising living standards?
Because the Netherlands independently represent something.