That’s the guaranteed outcome for the trade war, not surprised at all, including QCOM, Intel, AVGO, TSLA, etc. The market would win.
China has already won. They pilfered western IP for decades and dumped into our markets while keeping their own closed off and tightly controlled. The sanctions are like closing the window when there's a 100ft tsunami barreling towards you.
... and that days after Huawei released a satellite capable mobile phone. And the US admitting it is far behind China when it comes to hypersonic weaponry. What did the yanks teach us in econ 101 for the past 80 years? Competition is good ;-) Even Amazon is turning into a shit show. I hardly order from Amazon anymore. Completely overpriced in Canada and less and less brand products. Turning into Taobao. I save an average 30 to 40 percent on orders from individual stores.
You must be sleeping open eyed. Your political class wars are first rate? Yes first rate cinema perhaps.
China already has overtaken the US when PPP GDP accounting model is applied: Source: wikipedia, from the above link. ATTN: the above chart is not up-to-date b/c some months ago Russia has overtaken Germany...
They didn't do anything other than provide efficient labor and factories. Western businesses took their production to China to make more money, which in turn boosted the stock market and financial sector profits.
This almost makes we want to leave the "western fascist Nazi regime" I'm in now for your birthplace or China, but then I saw this