A great article
but this line stood out:
What's to stop China from using big data and 5G connectivity to ensure that no rare earths make their way into Lockheed Plants?
Big data with AI ... that is what the CCP used to fight this pandemic with the contract tracing.
When there was a reported outbreak, the authorities quickly stepped in to the control that localize outbreak. CCP used technology to do this.
Other places, the virus ran wild and mutated.
CCP acted in real time because they had the technology to do so.
What will happen is that Chinese companies will do the same soon.
CCP was efficient in fighting the virus by using this tech. Chinese companies will be more efficient doing business using the same tech.
The big data with AI, that will be made available immediately over the 5G standalone network, will allow Chinese companies to make decisions in real time, just like how CCP was able to do it with the pandemic.
This is a step up in efficiency, and a step up in competitiveness.
The big data with AI, coupled with the 5G low latency network, will make all decisions faster and better informed, such as how CCP isolated new clusters of Covid cases. Might as well have an electronic currency that can move at that speed, and not the old speed of the banking system.
The big data with AI, and the 5G standalone network, and the DCEP payments systems, all these new systems will complement each other.
Goldman seems to be absolutely correct when he says the DCEP will not replace the dollar, but the DCEP will foster other countries to do the same. Other countries will use their own electronic currencies and not need the western banking system. The CCP can even probably sell you the tech in a turnkey system if they decide to do so.
THIS is what the United States is really up against. Most of their US politicians too misinformed to know.
That is why every few months, they ban Huawei again for the umpteenth time!