china is playing the long game, because its leader (and/or whoever will come next) does not have to bother about being re-elected and essentially doesn't have to bother with political antagonists.

i'm not saying it's good or bad, but i think this is a thing that most people don't seem to be recognizing/acknowledging.

> I think that the CHIPS act, TSMC foundries on US soil, etc are all part of this process.

very likely