https://www.ft.com/content/ffbb39a8-2eb5-4239-a70e-2e73b9d15f3e Things are about to change drastically at the end of the year. https://www.bbc.com/news/business-66118831 https://www.nytimes.com/2023/05/11/technology/china-us-chip-controls.html
Lies. Lest you forget, in the last three years, they doubled the money supply. EFFING DOUBLED! Unless they raise rates to early-1980's levels NOTHING is dropping in price. Imagine if they somehow could create another 250 metric tons of gold... the price of AU would plunge to half its current value, and anything priced in gold would double. Apple just passed 3T in value, the Fed has lost control of inflation, and the SnP will break 500 in 2024. https://tradingeconomics.com/united-states/money-supply-m0
Wait for China to flood the world with cheap chips, those calculations based on gold and interest rates will not matter.
Costing matters. If they develop the technology on their own, they cannot flood the market cheaply. If you take technology from others for free, yes you can. The era of China's ability to ruin others' economies through dumping is over. Without access to US market for their goods, China's financial abilities are limited. China has many problems to fix right now for the next decade rather than trying to play games over hegemony. And let me tell you, they cannot catch up with western firms if they develop technology on their own. Read the book "The Innovator's Dilemma" to understand what I said.