Report: China Has Found Permanent Substitutes For American-Sourced Goods – The Intellectualist
Likewise, China has looked for ways to permanently substitute American imports of oil, soybeans and other goods:
Last summer, China slashed U.S. oil imports and started to buy more from Russia and Saudi Arabia.
It has all but halted purchases of U.S. soybeans, buying them instead from Brazil and Argentina. Brad Setser, an economist at the Council on Foreign Relations, said Russia could emerge as another soybean supplier.
China very much wants to make and design its own high-end semiconductors as part of its aspirational Made in China 2025 program.