Chinese Communist Party Document Reveals Plans for Greater Party Control Over Companies.
At the top of the CCP’s list of how to compel tougher adherence to the party line, the CCP hopes to “improve the selection mechanism” for supporting business leaders and investing in their enterprises.
“We will raise and strengthen private enterprise figures and teams who staunchly and steadfastly walk together with the party, and develop as one heart and one mind,” the document reads.
The phrase “one heart and one mind” is standard CCP language used frequently throughout party speeches and documents. It is used to emphasize unified thought and action in Chinese leadership, shutting the door to differing opinions.
That sound you hear is the death rattle of innovation in Communist-run mainland China.
America Is Going to Decapitate Huawei.
This being the New York Times, naturally it’s a bad thing:
Access to chips is crucial to any tech company — and Huawei has admitted it is already running out. Without chips, “What products can we still make?,” a Huawei employee has asked. The answer: not much. Fearing further pressure from the United States and seeing little hope for the future, some of Huawei’s top employees have already left the company. Huawei insists that it will soldier on. But it is hard to see how the company’s main products — like 5G equipment, network gear, smartphones and cloud computing services — will survive without access to chips.
China’s leading chip manufacturer, SMIC, is scrambling to build chips as small as 40 nanometers — billionths of a meter — without American technology. This might sound small, but today’s cutting edge is five nanometers. Even if China’s race to “de-Americanize” production at 40 nanometers succeeds, it will have built a chip as cutting edge as a flip phone.
Much as Beijing would like to, hardly any industry analysts expect China to wean itself off American tech soon. There’s just no way to create an entire industry from scratch, especially one that requires producing at the scale of nanometers. Beijing has no choice but to buy an estimated $300 billion worth of chips from abroad this year, more than it spends on any other product.
Huawei’s digital decapitation is a shocking display of American power. At the whim of the American president, any other Chinese tech company could suffer such a fate. Imagine if a foreign power could do the same to Google or Amazon.
Well, they can’t — and Trump aims to keep it that way.
Top Huawei executives had close ties to company at center of U.S. criminal case
h/t SG