What’s really holding China back: Bribes, ‘guanxi,’ and the illusion of progress

China is investing much than $140 cardinal successful its contention to predominate the semiconductor industry, aiming to adjacent the spread with giants similar TSMC and Intel. On paper, it’s an ambitious leap toward technological self-sufficiency. In reality, though, it is simply a contention held backmost by thing acold much corrosive than American export controls oregon geopolitics. It’s…