Trump-Rally, AI-Boom, Berkshire-Cash, Market-Shock

● Trump-Rally, AI-Boom, Berkshire-Cash, Market-Shock

Who Is the Real Driver of the August Rally? Trump Beneficiaries, Berkshire Capital Deployment, and AI Investment Trends

The key issue in this market is not simply that prices have risen.

What matters is whether the August market tone is shifting materially, which sectors are leading the rally, and what characteristics define the stocks that have regained investor attention under Trump-related policy expectations.

These themes are now being reinforced by a strong signal from a key Trump ally and by the market’s continued focus on Berkshire Hathaway’s potential cash deployment, adding another layer of relevance for U.S. equity investors.

In particular, this move reflects overlapping forces including AI investment, rate-cut expectations, election-linked beneficiaries, easing inflation, and reduced recession concerns, which gives the rally significance beyond a short-term rebound.

1. August Rally: Why This May Be More Than a Simple Rebound

The most notable shift in recent market action is that investors are reacting more strongly to favorable catalysts than to negative headlines.

For much of the period, U.S. equities were constrained by inflation, high rates, recession risk, and concerns about slower corporate earnings.

In August, however, the market has increasingly interpreted the environment as one in which the economy is proving more resilient than expected, the Federal Reserve may eventually pivot toward rate cuts, and AI-related earnings remain solid.

First: expectations for rate cuts have revived.
Second: confidence in large-cap tech and AI infrastructure earnings remains intact.
Third: recession fears have not disappeared, but consumer spending and employment remain more resilient than expected.
Fourth: with the election approaching, Trump beneficiaries, policy beneficiaries, and deregulation beneficiaries are gaining renewed attention.

In this environment, the market tends to favor selected themes and sectors rather than broad-based participation.

As a result, identifying which stock groups move first is more important than watching the index alone.

2. Key Leaders in the August Rally: The Sectors the Market Responded To First

The main leaders in the August rally can be grouped into five categories.

① AI Infrastructure-Related Stocks

AI investment remains a central pillar of the U.S. equity market.

However, the focus is no longer limited to AI software companies.

Attention is broadening to the underlying industries required to operate AI at scale, including data centers, power infrastructure, cooling systems, semiconductor equipment, and network equipment.

Rising demand for AI data centers
Expanding power grid investment due to higher electricity consumption
Growing importance of GPU and high-performance semiconductor supply chains
Increased capital expenditures by cloud providers

The key point is that the AI theme is shifting from expectations to a tangible investment cycle.

Companies are spending real capital, and that spending is flowing into revenues for equipment, power, and infrastructure companies.

② Energy and Power-Related Stocks

The expansion of AI data centers is driving a sharp increase in electricity demand.

This has renewed interest in utilities, nuclear power, natural gas, transmission, and energy infrastructure companies.

This theme also aligns with Trump-related policy direction.

Trump has historically supported traditional energy industries and emphasized deregulation and expanded U.S. energy production.

As a result, energy stocks now sit at the intersection of AI demand and election-driven policy momentum.

③ Defense, Aerospace, and Security-Related Stocks

In an environment of persistent geopolitical risk, defense stocks are increasingly viewed as a structural growth sector rather than a short-term trade.

Following the election, defense spending, border security, and military modernization could receive stronger policy support.

Prolonged global conflicts
Higher defense budgets among the U.S. and its allies
Rising demand for drones, cybersecurity, and missile defense systems
Expanded spending on border security and surveillance technology

When assessing Trump beneficiaries, defense remains one of the core categories.

That said, many defense stocks have already performed strongly, so valuations relative to earnings should be monitored closely.

④ Financial Stocks and Deregulation Beneficiaries

Whenever the market begins to price in a Trump return to the White House, financial stocks often move back into focus.

The reason is straightforward.

Trump’s policy stance has typically been associated with deregulation, business-friendly tax policy, and a lighter burden on the financial industry.

Large banks, investment banks, private equity firms, and insurers are particularly sensitive to both rate conditions and regulatory direction.

If rate-cut expectations strengthen, lending activity and capital markets activity could recover, and deregulation expectations could further improve sentiment.

⑤ U.S. Manufacturing and Infrastructure-Related Stocks

Trump’s core message remains “America First.”

Tariffs, reshoring, domestic manufacturing revival, and infrastructure expansion are central components of that policy framework.

Accordingly, industrial companies with substantial U.S. production exposure, construction equipment firms, steel and materials companies, and transportation infrastructure stocks may benefit from policy support.

This is not merely a political theme; it is also tied to broader supply-chain restructuring.

3. Common Traits Among Stocks Drawing Fresh Trump-Related Attention

The stocks being highlighted by Trump or associated with Trump policy share several clear characteristics.

The point is not simply that Trump favors them, but that their business models may align with the policy direction and earnings trends.

High share of domestic U.S. production
Direct exposure to regulatory easing
Connection to energy independence, defense expansion, or border security
Exposure to tariff-driven competitive shifts
Strong cash flow and capacity for share repurchases

The critical issue is not whether a stock is a policy theme, but whether policy support can translate into earnings improvement.

Theme-driven gains can be rapid, but without fundamental support, reversals can be equally fast.

4. What the Strong Signal From Trump’s Inner Circle Implies for Investors

The message repeatedly emphasized by figures close to Trump centers on three areas:

energy, manufacturing, and security.

These are not merely campaign slogans; they are areas that could be influenced by budget, regulatory, tax, and trade policy.

① Energy: Simultaneous Benefit for Traditional Energy and Power Infrastructure

The Trump camp has consistently emphasized U.S. energy independence.

That implies a potentially more favorable environment for oil, natural gas, pipelines, refining, and LNG export businesses.

At the same time, AI-related power demand is adding a separate tailwind, making energy a sector that combines political support with structural growth.

② Manufacturing: Potential Premium for Domestic Production

Tariffs and reshoring policies can benefit companies with U.S.-based production.

The effort to reduce dependence on China and strengthen domestic supply chains was already underway under the Biden administration, and Trump could accelerate that direction.

In this sense, the trend should be viewed as part of a broader U.S. economic strategy rather than as a theme limited to one political party.

③ Security: Structural Growth in Defense and Cybersecurity

National security now extends beyond conventional weapons.

It includes cybersecurity, data protection, satellite communications, drones, and border surveillance systems.

From an investment perspective, the signal from Trump’s inner circle suggests that security should be viewed through long-term budget allocation rather than short-term event risk.

5. Berkshire’s Potential Cash Deployment: Why It Matters

Another major focus for the market is Berkshire Hathaway’s large cash position.

Berkshire has maintained elevated cash levels, and investors continue to watch for signs that Warren Buffett may return to large-scale capital deployment.

Holding cash does not simply indicate caution.

It can also mean waiting for attractive entry points into high-quality businesses.

What Berkshire Cash Deployment Would Signal to the Market

First, it may indicate that valuations have reached more attractive levels.
Second, it could revive interest in high-quality value stocks.
Third, companies with strong cash flow may be re-rated ahead of short-term thematic names.
Fourth, Berkshire-favored sectors such as insurance, energy, consumer staples, and financials could draw renewed attention.

More important than what Berkshire buys is why it buys at a given time.

Buffett-style investing typically reflects a judgment that price has diverged materially from intrinsic value, rather than a bet on short-term momentum.

6. The Most Important Point Often Missed in Other Coverage

Most articles and videos discuss the August rally, Trump beneficiaries, and Berkshire cash separately.

The more important point is that these themes are currently pointing in the same direction.

The Core Shift Is from a Growth-Only Market to One Driven by Policy, Cash Flow, and the Real Economy

This year’s market leadership has been concentrated in AI and large-cap technology.

However, the latest trend suggests that investor attention is broadening.

From AI infrastructure into power and energy
From Trump policy expectations into defense, financials, and manufacturing
From rate-cut expectations into small caps and value stocks
From Berkshire cash expectations into high-quality cash-flow businesses

This is the key change.

The market is moving beyond a narrow focus on Nvidia and large-cap tech and beginning to consider the broader direction of U.S. economic policy and capital allocation.

7. What Investors Should Monitor Now

In this type of market, establishing a framework is more important than chasing themes.

① Confirm Whether Policy Support Can Translate Into Earnings

Not every Trump beneficiary is a good investment.

Investors should assess whether policy support can lead to revenue growth, lower costs, tax relief, or improved profitability.

② Check Whether AI-Related Benefits Are Sustainable

AI stocks now require more selective analysis.

Investors should examine whether there are actual orders, whether margins are holding, and whether the customer base is diversified.

③ Be Cautious About Stocks Supported Only by Rate-Cut Expectations

Rate-cut expectations are supportive, but they do not automatically rescue weak businesses.

Companies with high debt and weak cash flow may see limited recovery even if rates decline.

④ Apply a Berkshire-Like Focus on Cash Flow

At this stage, the key question is not how quickly a stock can rise, but whether the company can generate cash consistently.

If Berkshire returns capital to the market, investors are likely to place greater emphasis on cash flow and valuation discipline.

8. Summary of Key Sector Ideas

Category	Core Theme	Key Items to Monitor
AI Infrastructure	Data centers, semiconductors, power demand	Actual orders and sustainability of capex
Energy	AI-driven power demand and Trump policy support	Deregulation, natural gas, grid investment
Defense	Geopolitical risk and higher defense spending	Long-term contracts and government budgets
Financials	Rate-cut expectations and potential deregulation	Lending demand, capital markets recovery, credit risk
Manufacturing	Reshoring and America First policy	U.S. production share and cost competitiveness
Value Stocks	Berkshire cash deployment and re-rating of cash-flow businesses	Valuation, dividends, and share repurchases

9. The Most Important Variables for the Market Ahead

The U.S. equity market is likely to be driven by four main variables.

The timing of Federal Reserve rate cuts
The U.S. election and Trump-related beneficiary stocks
The durability of the AI investment cycle
Whether long-term investors such as Berkshire deploy capital

Inflation reacceleration or a sharper deterioration in employment could destabilize the rally.

Conversely, if inflation remains contained and labor market conditions do not weaken sharply, the market may continue to price a soft landing, rate cuts, and earnings growth more aggressively.

10. Conclusion: The Focus Should Be on Capital Flows, Not Just Themes

The August rally is not just about higher prices.

It reflects a broadening of market leadership from AI into energy, from Trump policy into defense, financials, and manufacturing, and from Berkshire cash into value stocks.

In this environment, investors should look beyond short-term headlines and focus on the direction of capital.

Because the U.S. market is being shaped simultaneously by the election, rates, AI, inflation, and recession risk, sector-level analysis is essential.

The key question for investors is simple:

Is this stock rising due to a temporary theme, or does it have the potential to improve through policy support, earnings growth, and stronger cash flow?

Stocks that can answer that question positively are more likely to survive the next phase of the rally.

< Summary >

The August rally may indicate a meaningful shift in market sentiment rather than a short-lived rebound.

AI investment is expanding into data centers, power, and energy infrastructure.

Trump beneficiaries are concentrated in energy, defense, financials, U.S. manufacturing, and border security-related companies.

Berkshire Hathaway’s potential cash deployment could support a re-rating of high-quality value stocks and cash-flow businesses.

The current market requires attention to policy support, earnings improvement, cash flow, and valuation rather than themes alone.

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*Source: [ 소수몽키 ]

– 분위기 본격 전환?8월 랠리의 주인공들/트럼프가 다시 찍었다,주목할 주식들의 공통점/트럼프 최측근이 준 강력 신호,주목할 투자처/(멤버십)드디어 움직이는 버크셔?현금 투입 시작될까

● China AI Boom, Deflation Trap

Why China Cannot Escape Deflation Even as It Expands Its AI Semiconductor Value Chain

China is rapidly advancing across AI models, data centers, memory semiconductors, equipment, and materials.

Yet the outlook for the Chinese economy has not improved.

Exports are rising, semiconductor market share is increasing, and AI investment is expanding, but consumption remains weak and prices are not recovering.

The core issue is clear.

China’s new economy is strengthening, but the old economy is weakening too deeply.

This report reviews China’s AI semiconductor growth, persistent deflation, the liquidity trap, the limits of semiconductor value chain self-sufficiency, and the implications for Korea’s semiconductor industry.

1. China’s AI semiconductors are genuinely strengthening

China’s AI semiconductor competitiveness is not exaggerated.

As in steel, shipbuilding, home appliances, displays, batteries, and electric vehicles, China is gradually expanding its share in AI and semiconductors.

The most notable change is in memory semiconductors.

A representative company is CXMT, or ChangXin Memory Technologies.

CXMT had almost no global DRAM presence in the past, but its share has risen quickly in recent years.

Its global DRAM market share was effectively near 0% in the past.
About two years ago, it reached around 3%.
Recently, it has expanded to around 8%.
By 2026, it may rise to around 11%, according to some projections.

This is not simply a story of one company’s growth.

It signals that China is increasing self-sufficiency across the AI semiconductor value chain, including memory, foundry, equipment, materials, AI models, and data center infrastructure.

For Korea, this means Chinese firms are entering a market long dominated by Samsung Electronics and SK hynix in memory semiconductors.

From a global supply chain perspective, China’s semiconductor self-reliance is a challenge for the United States, Korea, Taiwan, and Japan.

2. Why is the Chinese economy still slowing?

The issue is that China’s advanced industries are growing, while the broader economy is losing momentum.

China was once a high-growth economy with double-digit expansion.

Growth at one point reached the 14% range, then declined to 10%, 8%, 6%, and 5%.

It is now moving toward the 4% range.

That level is still high relative to Korea, the United States, and Europe.

However, China’s problem is not only the growth rate itself, but also the weakening quality of growth.

In 2023 and 2024, China maintained growth in the 5% range.
In 2026, that 5% level may no longer hold.
After that, some IMF forecasts point to growth in the low 4% range.

The key point is that China is not facing a cyclical slowdown alone, but a structural transition toward lower growth.

AI semiconductors are strong, but the traditional growth engines of real estate, construction, domestic consumption, and local government investment have weakened sharply.

3. China is trapped in deflation

China’s most serious problem is deflation.

Deflation is not only falling prices.

It is a cycle in which firms cannot raise prices, households delay spending, wages stagnate, and investment weakens.

China has remained under deflationary pressure for several years.

Producer prices stayed negative for an extended period after mid-2022.

In April, May, June, and July 2026, producer prices showed some rebound.

However, this should not be interpreted as a recovery in domestic demand.

The increase was largely driven by geopolitical tensions, higher oil prices, and supply shocks in commodities.

Consumer prices are more important.

China’s consumer price inflation has remained around 0% to 1%.

For an economy growing at 4% to 5%, consumer inflation near 1% is effectively deflationary.

By comparison, Korea and the United States typically see inflation around 2% to 3% even with lower growth.

China’s higher growth is therefore not translating into stronger price pressure.

This indicates that domestic demand is not recovering sufficiently.

4. Why producer prices are rising while consumer prices are not

This is an important signal.

Producer prices can rebound due to higher raw material costs.

But if consumer prices do not follow, firms are unable to pass higher costs on to end users.

In other words, consumers are not spending enough for firms to raise prices.

Under this structure, corporate margins come under pressure.

Weaker margins reduce hiring and slow wage growth.

Slower wage growth further weakens consumption.

This is the core mechanism behind China’s deflation.

Category	Current Situation in China	Economic Implication
Producer prices	Partial rebound due to raw material prices	Cost pressure remains
Consumer prices	Remain around 0% to 1%	Domestic demand remains weak
Retail sales	Growth continues to slow	Household spending remains soft
Pricing power	Low	Margin pressure persists

5. What slowing retail sales reveal about China’s domestic demand

Weak consumer demand is also visible in retail sales data.

Since the pandemic, retail sales growth in China has steadily weakened.

In 2026, consumption recovery remains limited.

Weak retail sales indicate that households remain cautious about future income.

Falling property prices, youth unemployment, income inequality, and strained local government finances are all weighing on consumer sentiment.

This is why lower interest rates and liquidity injections have not quickly revived spending.

6. China is approaching a liquidity trap

The People’s Bank of China has repeatedly lowered the Loan Prime Rate, its policy benchmark rate.

The LPR has fallen to around 3%.

For an economy growing at 4% to 5%, that is a highly accommodative policy stance.

Even so, the property market has not recovered, consumption has not rebounded materially, and inflation has remained subdued.

This is close to a liquidity trap.

A liquidity trap is a situation in which lowering rates and adding money does not lead households or firms to borrow, invest, or spend.

Japan experienced a similar pattern during its lost decades.

Japan maintained near-zero rates and long-term quantitative easing, but growth, wages, and inflation failed to recover meaningfully.

China is now entering a similar risk zone.

7. Why stronger AI exports are not producing a larger growth impact

One point often misunderstood is that China’s AI-related exports are increasing.

Exports of AI servers, integrated circuits, semiconductors, circuit boards, equipment, and components are rising as global AI infrastructure investment expands.

China, the United States, Korea, Taiwan, and others are all benefiting from higher AI-related shipments.

China’s overall export growth forecast has also been revised upward over time.

If export growth was around 5.36% in 2025, some projections suggest further improvement in 2026.

However, these export gains are not lifting the broader economy materially.

The reason is that the nature of the increase is different.

8. China’s semiconductor export growth is driven more by price than volume

China’s integrated circuit exports have risen significantly.

But a closer look shows that volumes have not increased nearly as much as values.

Higher export prices have contributed substantially to the increase in export value.

Export value is simply volume multiplied by price.

When export value rises because volumes increase, the spillover to employment, production, capital spending, and component demand is much stronger.

When export value rises mainly because prices increase, corporate revenue may improve, but the broader growth impact is more limited.

Korea’s semiconductor exports have also shown this pattern in certain periods.

Export value rose sharply, but memory price increases played a larger role than volume growth.

China’s AI semiconductor exports are rising as well, but this does not necessarily translate into domestic recovery or stronger employment.

9. China remains a net importer in advanced semiconductors

The most important point in analyzing China’s semiconductor industry is that exports alone do not tell the full story.

China exports a large amount of integrated circuits, but it also imports far more semiconductors overall.

Dependence on foreign supply remains high, especially in advanced semiconductors.

In practical terms, China exports lower-end semiconductors while importing high-performance AI chips.

Under this structure, the semiconductor trade balance is difficult to improve materially.

As AI investment expands, imports of high-performance chips, equipment, software, and data center components may also rise.

This means domestic investment can continue to leak abroad.

That is the hidden weakness in China’s AI semiconductor growth story.

China is improving self-sufficiency across the value chain, but it is not yet fully independent in the most advanced segments.

10. The real issue in China’s economy is the divide between new and old sectors

The most useful framework for understanding China is the split between new and old sectors.

The new economy is growing rapidly.

The old economy continues to weaken.

These two trends occur at the same time, creating the paradox of a China that looks stronger externally while weakening internally.

Category	Representative Industries	Current Trend
New economy	AI, semiconductors, electric vehicles, batteries, robotics, renewables, displays	Growing rapidly
Old economy	Real estate, construction, infrastructure, domestic consumption, traditional manufacturing, wholesale trade	Slowing or contracting

China’s new economy is becoming strong enough to pressure the global market.

Electric vehicles and batteries are already putting substantial pressure on Europe’s manufacturing base.

The weakness in Germany’s auto industry and supply chain is closely linked to the rise of China’s new economy.

At the same time, the decline in real estate, construction, and local infrastructure spending is too large for the new economy to fully offset.

In short, growth in the new sectors is not enough to absorb the contraction in the old sectors.

11. Wage divergence is weakening Chinese consumption

China’s polarization is also visible in wages.

Average wages in IT sectors are rising strongly.

By contrast, wage growth in manufacturing, construction, and wholesale trade remains weaker.

The problem is that the share of workers employed in AI and semiconductor-related sectors is still relatively small.

For most households, the improvement in income is limited.

Higher earnings among a small number of high-skilled workers do not spread broadly enough to lift overall consumption.

That is another reason for weak consumer spending.

12. Youth unemployment is a key variable in China’s deflation

Youth unemployment is another critical indicator.

At one point, China’s youth unemployment rate exceeded 21%, causing significant concern.

Authorities then suspended the release of the data for a period and later revised the methodology.

Excluding students from the calculation made the headline rate appear lower.

As a result, youth unemployment must be interpreted with consistent methodology.

Seasonality also matters.

The rate tends to rise during graduation season as students enter the labor market.

Even after adjusting for seasonality, the trend remains elevated.

Weak youth employment reduces marriage formation, housing demand, consumption, fertility, and investment sentiment.

That is a major reason domestic demand has not recovered.

13. AI and robotics do not generate large-scale employment

The Chinese government is pushing AI, robotics, semiconductors, electric vehicles, and batteries as strategic industries.

From an industrial competitiveness perspective, this is rational.

However, it creates a different labor market problem.

AI- and robotics-centered industries do not create employment at the same scale as construction or traditional manufacturing.

They generate high-quality jobs for skilled workers, but they cannot absorb the broader youth labor force on a large scale.

As a result, China’s industrial policy supports productivity, but its short-term effect on domestic consumption may remain limited.

That is China’s dilemma.

14. The most important point often overlooked in other coverage

China’s AI semiconductor growth can make it appear that the country is about to overtake the United States and Korea.

At the same time, China’s deflation can make it look as if the economy is collapsing.

The more accurate view is that both are true.

China is becoming stronger in advanced industries.

At the same time, the broader economy remains trapped in deflation and low growth.

That contradiction is essential for understanding China’s outlook.

China’s AI semiconductor growth is real.
China’s deflation is also real.
Export growth is driven more by price effects than by volume.
Advanced semiconductors still depend heavily on imports.
New-economy growth is not fully offsetting old-economy weakness.
AI and robotics do not create large-scale employment.
Youth unemployment and the property downturn continue to suppress consumption.

The most important issue is that China’s technological self-reliance may also intensify global deflationary pressure.

China is rapidly expanding manufacturing capacity in advanced industries.

As supply increases in electric vehicles, batteries, solar, general-purpose semiconductors, displays, and robotics components, global price competition intensifies.

Because domestic demand is weak, Chinese firms must push more output into overseas markets.

That can transmit China’s internal deflation into the global economy through excess supply and lower prices.

15. Implications for Korea and for Samsung Electronics and SK hynix

For Korea, China’s rise in AI semiconductors is not just an external observation.

It is a direct industry-level competitive issue.

If CXMT increases its DRAM market share, pricing pressure in commodity memory is likely to intensify.

As China expands supply in lower-end semiconductors and commodity memory, Samsung Electronics and SK hynix will need to move faster toward higher value-added products.

HBM, high-performance DRAM, AI server memory, advanced packaging, high-performance NAND, and data center solutions will become increasingly important.

Korean semiconductor firms will need to compete through technology leadership, customer trust, production stability, and product mix rather than through price competition with China.

Another key point is that weak Chinese domestic demand may also reduce demand for Korean exports.

China is becoming a competitor in new industries while becoming a less reliable growth market in older ones.

For Korea, China is no longer simply a large consumer market.

It is both a competitor in advanced industries and a weaker destination market than in the past.

16. Key indicators to monitor going forward

To assess whether China is escaping deflation, GDP growth alone is not sufficient.

The following indicators should be monitored together:

Whether consumer inflation stabilizes near 2%.
Whether producer price recovery is driven by demand rather than commodity shocks.
Whether retail sales growth improves on a sustained basis.
Whether property transaction volumes and home prices stop declining.
Whether youth unemployment trends lower structurally.
Whether growth in IC exports is driven by price or volume.
Whether dependence on advanced semiconductor imports declines.
Whether wage growth in IT spreads to the broader labor market.

Only when these indicators improve together can China’s recovery be considered durable.

It would be premature to conclude that the broader economy has recovered simply because AI semiconductor exports are rising.

17. Conclusion: China is weakening and strengthening at the same time

China’s economy should not be judged as simply strong or weak.

It is weakening in the old economy.

Real estate, construction, domestic consumption, and youth employment remain under pressure.

Deflation and liquidity-trap risks are also rising.

At the same time, it is strengthening in the new economy.

AI, semiconductors, electric vehicles, batteries, robotics, and renewables are expanding rapidly enough to pressure global markets.

China is therefore in a transition in which it is becoming a technology power while also facing the risk of prolonged stagnation.

For Korea, China should neither be underestimated nor overstated.

China’s deflation poses risks to global growth and export markets.

China’s AI semiconductor growth poses a direct competitive challenge to Korea’s semiconductor industry.

The key question is not whether China can complete its AI semiconductor value chain.

The key question is whether the gains from that growth will spread into household income, employment, consumption, and prices.

So far, that transmission remains weak.

< Summary >

China is rapidly expanding its AI semiconductor value chain.

CXMT and other Chinese semiconductor companies are gaining market share.

However, China remains under deflationary pressure.

Producer prices have partially rebounded, but consumer inflation remains around 0% to 1%.

Slowing retail sales, weak property markets, youth unemployment, and wage polarization continue to restrain domestic demand.

AI-related export growth is driven more by price than by volume, and advanced semiconductors still rely heavily on imports.

The core of China’s economy is the divergence between strong new-economy sectors and weak old-economy sectors.

Korea must prepare for both China’s deflation risk and its rising semiconductor competitiveness.

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*Source: [ 경제 읽어주는 남자(김광석TV) ]

– 중국이 AI-반도체 벨류체인을 자립화해도, 디플레이션의 늪에서 빠져나오지 못하는 이유 [즉시분석]

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