Because of this, China finds it harder than ever to access US semi-conductor technology through financial means, being blocked from acquiring companies due to national security concerns. Even deals without any immediately obvious problems such as Broadcom/Qualcomm are being blocked.
Additionally, the demographics situation is very severe in China, and made worse by the gender-imbalance among young people caused by the One Child Policy. While Chinese government debt and household debt rates are relatively low, company debts are extremely high. Far too high for a nation without a high per-capita GDP. Interestingly enough, the demographic situation in the US is highly favorable compared to all other advanced economies (it also has a debt problem though)
The demographic situation dovetails into this interesting op-ed piece [1] about offering more green cards to international students -- it argues that even with the high risks of espionage in certain areas, it's well worthwhile for the long-term US economic competitiveness. I submitted this article to HN a few hours ago, but after 10 upvotes it was flagged -- which is unfortunate, I thought it's a very intellectually stimulating topic of discussion that's urgently required in our open, inclusive society. I highly recommend people read the article and think deeply about it.
[1] https://www.bloomberg.com/view/articles/2018-06-04/trump-is-...