So the end result will be a protectionist regime keeping the competition out, just like with cars and solar. The local industry will have a protected market, but of course won't play a role on the global stage.
Remember: small government is only good as long as it benefits the industry.
China is following because they have an army of PHDs in data science and mathematics and capital to make use of them.
EDIT:
> China is following because they have an army of PHDs in data science and mathematics and capital to make use of them.
i agree with this too. but compute is the bottleneck.
Who's right ?
That said, China cannot make its own 2nm chips even though they definitely would like to. So I guess there are limits to what they can do sometimes.