Most of the industrialist or Taipans are Hua Qiao, majority of Chinoy are also active in small and medium size business owning about half of the country total while the rest are being run by Chinese Mestizo. And of course the landed Gentry almost all of them including some Spanish surname had some Chinese blood in them.
Hey brother ansy1968, thought of something from that semiconductor thread. I am no expert at this stuff, just glad I do not get banned from the thread, lol!
You know what, I wanted to say something to you about this, regarding SMIC and the Koreans, as what moderator Huang posted today, was truly significant, and it did not hit me until later.
SMIC foundry is as big as Samsung foundry in terms of revenue.
We know what means. The Koreans are in deep doodoo.
And, this is where the plot thickens, there is a new leadership in South Korea, the leftist who always hated the Americans. That is the point that most people do not understand about the Koreans. The Koreans kind of hate or dislike everybody, including the Americans. The Chinese do not care if the Koreans hate them, because that is how it has always been.
So Xi Jinping will make Lee Jae-ymund an offer, which will be a demand for them to break away from the Americans in terms of tech sanctions in all forms, otherwise we will allow the market to take its course, or let nature take its course in semiconductors industry.
If SMIC is already about to surpass Samsung, just wait until a fully vertically integrated player in semiconductors like Huawei comes online. Now it is a state secret, that is not so secret.
Break away from the Americans, and you will always have market access to your biggest market, or go take your chances.
It is going to get interesting, starting now!

