The CCP is throwing hundreds of billions of yuan into the effort, vowing to catch up with NVIDIA in AI chips within three years. But economist Xu Chenggang reveals the truth: the CCP isn’t “innovating,” it’s “seizing”—from forced tech transfers to state subsidies that keep money-losing firms alive. This chip war has long since become a contest of systems! Can Huawei, Alibaba, and Cambricon break through—or will institutional deadlocks turn the AI dream into dust? “The Big Situation” shows you the power behind computing power.
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