Comments by "D W" (@DW-op7ly) on "Fox Business"
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You are correct
China alone has 400,000 drug labs
Getting them to shutdown the labs is an unlikely option
Sunce Fentanyl is a legal substance, used in US Hospitals
Plus without those Chinese drug labs we would go without the Alzheimer’s, Diabetes, Cancer, Heart Disease drugs and more etc etc etc
That’s because they supply us with the essential ingredients that go into the Worlds Pharmaceutical drugs
👇
U.S. officials worried about Chinese control of American drug supply
"Basically we've outsourced our entire industry to China," retired Brig. Gen. John Adams told NBC News. "That is a strategic vulnerability."
If China shut the door on exports of medicines and their key ingredients and raw material, U.S. hospitals and military hospitals and clinics would cease to function within months, if not days," said Rosemary Gibson, author of a book on the subject, "China Rx."
NBCNews
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Fox News always trots out so called “China experts” that are constantly wrong in China
I’d like to get paid to spew out outdated or wrong info
There is now a 7 volume 27 book series on what China invented first that says the world copied from them
The Chinese had “virtually” no chip making ability/foundries 6 years ago
thanks to the USA who did the job for the Chinese
Where their Government was trying to get their people to switch to homegrown chips before the sanctions
China is now expected to take over those legacy chip markets
If the USA was smarter instead of cutting off China from semiconductor chips and equipment for manufacturing
They should have themselves and their allies, lowered prices even more, and dump even more chips on China
Instead their idea was to force the hand of Chinese people at the time content with cheap imported chips.
Hope they could not innovate
When China leads the world in 37 of the 44 critical technologies of the future 🙄
At one point China was importing over 300 billion in chips a year
Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year, within the products they export
👇
How Close Is China to World Dominance in Legacy Semiconductors? 27-02-2024 | By Paul Whytock
* Bread and Butter Technology
Obviously, China would like to be a major player when it comes to high-end sophisticated semiconductor devices, but that doesn’t mean they are not interested in the bread-and-butter end of the market, particularly when it comes to legacy products.
In fact, they are very interested in the legacy market, and there are some very good reasons why.
Legacy devices make up a huge amount of global chip sales. Most chips manufactured today are not advanced chips but legacy chips, and around 71% of devices
* China's Aggressive Expansion in the Semiconductor Industry
In September 2023, Reuters reported that China was set to launch a new state-backed fund aimed at raising about €43bn to support its chip industry, and according to research analysts, the Rhodium Group, in less than ten years, China is expected to domestically add nearly as much 50–180nm wafer manufacturing capacity as the rest of the World.
The views of industry analysts and observers vary, but generally speaking, it’s thought that 22 wafer fabs are being built in the country, and there is an overall plan to create a total of 30 new wafer fabrication plants.
Many of these will concentrate on the production of legacy devices.
As for market share, industry intelligence gatherers
Trendforce believe China’s legacy chip manufacturing base could provide as much as 30% of the global demand for older devices.
ElectroPages
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@user-ilelrjb Chinese EV makers send their cars up to test and race every year now
In conjunction with the ice castles, ice display winter festival in Harbin
👇
The 2nd Automotive Winter Testing Festival held in Heihe, Heilongjiang Province
NEWS PROVIDED BY
Publicity Department of the CPC Heihe Municipal Committee
Jan 09, 2023, 02:33 ET
* Themed "passion, speed, and vitality", the Winter Testing Festival joined hands with the China Mass Production Car Performance Challenge (hereinafter referred to as CCPC), attracting more than 10 teams and nearly 30 brands, according to the Publicity Department of the CPC Heihe Municipal Committee
The festival will promote the test season through a variety of activities, integrating test, racing and sales for the deep integration and development of China'sautomotive industry.
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Chinese Government has banned TicTok in China themselves
and are wary about these Social Media Sites
With that said this is really about China and US relations
More accurately the US/China trade war
Where the real goal isn’t trade deficits
It’s to get more or better access for US multinationals into Chinese Domestic markets
What most people don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
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@soothinglycool9806 China leads the world in 37 of 44 critical technologies of the future
Westerners like Americans think in narrow minded terms
Like cutting off chips and chip making equipment . Because to the Americans the Chinese just copy
There is now a 7 volume 27 book series on what China invented first that says the world copied from them
The Chinese had “virtually” no chip making ability/foundries 6 years ago
thanks to the USA who did the job for the Chinese
Where their Government was trying to get their people to switch to homegrown chips before the sanctions
China is now expected to take over those legacy chip markets
If the USA was smarter instead of cutting off China from semiconductor chips and equipment for manufacturing
They should have themselves and their allies, lowered prices even more, and dump even more chips on China
Instead their idea was to force the hand of Chinese people at the time content with cheap imported chips.
Hope they could not innovate
When China leads the world in 37 of the 44 critical technologies of the future 🙄
At one point China was importing over 300 billion in chips a year
Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year, within the products they export
👇
How Close Is China to World Dominance in Legacy Semiconductors? 27-02-2024 | By Paul Whytock
* Bread and Butter Technology
Obviously, China would like to be a major player when it comes to high-end sophisticated semiconductor devices, but that doesn’t mean they are not interested in the bread-and-butter end of the market, particularly when it comes to legacy products.
In fact, they are very interested in the legacy market, and there are some very good reasons why.
Legacy devices make up a huge amount of global chip sales. Most chips manufactured today are not advanced chips but legacy chips, and around 71% of devices
* China's Aggressive Expansion in the Semiconductor Industry
In September 2023, Reuters reported that China was set to launch a new state-backed fund aimed at raising about €43bn to support its chip industry, and according to research analysts, the Rhodium Group, in less than ten years, China is expected to domestically add nearly as much 50–180nm wafer manufacturing capacity as the rest of the World.
The views of industry analysts and observers vary, but generally speaking, it’s thought that 22 wafer fabs are being built in the country, and there is an overall plan to create a total of 30 new wafer fabrication plants.
Many of these will concentrate on the production of legacy devices.
As for market share, industry intelligence gatherers
Trendforce believe China’s legacy chip manufacturing base could provide as much as 30% of the global demand for older devices.
ElectroPages
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American military grade drones are losing out to Chinese made retail toy store drones
👇
American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones
They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations.
Part of the problem is that US technology isn't evolving fast enough, in part due to restrictions on sourcing. Georgii Dubynskyi, Ukraine's deputy minister of digital transformation, told
The Journal that "what is flying today won't be able to fly tomorrow," adding that the innovation window in this conflict is small.
"The general reputation for every class of US drone in Ukraine is that they don't work as well as other systems," Adam Bry, the chief executive of American drone company Skydio, told WSJ, acknowledging that his own drone is "not a very successful platform on the front lines." US drones are also typically far more expensive than comparable models.
And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives.
Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades.
YahooNews
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What most people don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
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@Joe-ds7dz
China alone has 400,000 drug labs
Getting them to shutdown the labs is a option
But then even Fentanyl is a legal substance used in American hospitals
It’s just drug addicts have no self control and abuse these drugs
Plus without those drug labs we would go without the Alzheimer’s, Diabetes, Cancer, Heart Disease drugs and more etc etc etc
That’s because they supply us with the Worlds Pharmaceutical drugs
👇
U.S. officials worried about Chinese control of American drug supply
"Basically we've outsourced our entire industry to China," retired Brig. Gen. John Adams told NBC News. "That is a strategic vulnerability."
If China shut the door on exports of medicines and their key ingredients and raw material, U.S. hospitals and military hospitals and clinics would cease to function within months, if not days," said Rosemary Gibson, author of a book on the subject, "China Rx."
NBCNews
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@WinninethePING
Timeline of the South China Sea dispute
China
* It has been claimed by the People's Republic of China on the argument that since 200 BCE Chinese fishermen have used the Spratly islands
* Naval forces of the Liu Song dynasty (420–479 CE) patrolled the Paracel and Spratly islands.[5] In the Tang dynasty (618–907 CE), the islands were placed under the administration and authority of the Qiongzhou Prefecture (now Hainan Province).[5] The Chinese administration of the South China Sea continued into the Song dynasty (960–1279 CE).[5]
* Archaeologists have found Chinese made potteries porcelains and other historical relics from the Southern dynasties (420–589 CE), the Sui dynasty (581–619 CE), the Tang dynasty, the Song dynasty, the Yuan dynasty (1271–1368 CE), the Ming dynasty (1368–1644 CE) and later eras up to modern times on the South China Sea islands.[5]
1876 – China makes its earliest documented claim to the Paracel Islands[citation needed]
1883 – When the Spratlys and Paracels were surveyed by Germany in 1883, China issued protests.
1887 – In the 19th century, Europeans found that Chinese fishermen from Hainan annually visited the Spratly islands for part of the year, while in 1877 it was the British who launched the first modern legal claims to the Spratlys
1902 – China sends naval forces on inspection tours of the Paracel Islands to preempt French claims.[28] Scholar François-Xavier Bonnet argued that per Chinese records, these expeditions never occurred and were backdated during the 1970s.[29][30]
1907 – China sends another naval force, this time to plan for resource exploitation.[28]
1911 – The newly formed Republic of China, successor state to the Qing dynasty, moves administration of the Paracel Islands to Hainan,[28] which would not become a separate Chinese province until 1988.
1946 – The R.O.C. established garrisons on both Woody (now Yongxing / 永兴) Island in the Paracels and Taiping Island in the Spratlys. France protested.
The French tried but failed to dislodge Chinese nationalist troops from Yongxing Island/Woody Island (the only habitable island in the Paracels), but were able to establish a small camp on Pattle (now Shanhu / 珊瑚) Island in the southwestern part of the archipelago.[37][38][39] The Republic of China drew up The Southern China Sea Islands Location Map, marking the national boundaries in the sea with 11 lines, two of which were later removed, showing the U-shaped claim on the entire South China Sea, and showing the Spratly and Paracels in Chinese territory, in 1947.[28]
The Americans reminded the Philippines at its independence in 1946 that the Spratlys was not Philippine territory, both to not anger Chiang Kai-shek in China and because the Spratlys were not part of the Philippines per the 1898 treaty Spain signed with America.[38]
1950 – After the Chinese nationalists were driven from Hainan by the People's Liberation Army (PLA), they withdrew their garrisons in both the Paracels and Spratlys to Taiwan.
1969 – A UN sponsored research team discovers oil under the sea floor of the island group.
1970 – China occupies Amphitrite Group of the Paracel Islands
Philippines
* In 1596, the Spanish Colonial Government declared that each island in the Kalayaan Islands, now known as the Spratly Islands, had Barangay or Barrio status.
1971 – Philippines announces claim to islands adjacent to its territory in the Spratlys, which they named Kalayaan, which was formally incorporated into Palawan Province in 1972. The Philippines President Marcos announced the claims after Taiwanese troops attacked and shot at a Philippine fishing boat on Itu Aba.[
Wikipedia
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What most people don’t get?
Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner
And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner
These days ?????
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour in their factories, smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
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@DaBeezKneez
The difference is this in Q3 of 2019
The US FED was bailing out those TOOBIGTOFAIL banks in their repo markets less their credit markets seize up once again
A few things we learned since the 2008 subprime crisis
Buying for US debt is not unlimited.
In 2013 the US FED had to buy 71% of the newly issued external Sovereign debt by the US Treasury
That Quantitative Easing (QE)debt that was soaped up/printing of money, that debt does not disappear
Since we know from Q3 of 2017 to Q3 of 2019 the FEDs bright idea was to allow 50 to 60 billion of the Agency Debt and US Treasury Debt it soaped up during QE to slowly mature each month, off the FEDs balance sheet. Quantitative Tightening (QT)
Where the US Treasury would issue new corresponding debt for the public to buy. Where with this QT selling they managed to dump about 600 to 700 billion in debt on the American people… as the American people are the biggest buyers of US Sovereign Debt
That QT selling ended during Q3 of 2019 Because that selling of debt ended up freezing up the repo market
Just like when it happened in 2008/2009 during the subprime crisis
Thus the FED balance sheet went from 4.5 trillion to about 3.8 trillion.with that selling from 2017 to 2019
But then the FED had to come back in QE 2.0 and buy that Treasury debt again, all that they dumped and more
Last I checked they ran that FED balance sheeet back up to over 8 trillion. Now it’s back to around 7.8 trillion
Wait you might ask Agency debt is internal debt not supposed to be backed by the US Government
Well the USA has had no issue with taking private internal debt and turning it into External Sovereign Debt backed by the US Government and the American people
Something the Chinese might have been tempted to do with the Junk Bonds issued by those Chinese Property Developers
That were a hot commodity the last few years, sought after by sophisticated foreign investors
In short the Chinese purposely deflated their real estate markets. Cut off money to its Property Developers. And didnt bailout foreign investors who took a risk buying those junk bonds
While the USA left their real estate market to implode. Kept the money flowing to the companies and bailed out foreign investors who invested in private internal debt
Yet we are complaining who is capitalist/communist
👇
As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae,
FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.
The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury’s most recent “Report on Foreign Portfolio Holdings of U.S. Securities.”
FreedomWorks President Matt Kibbe commented, “The prospectus for every GSE bond clearly states that it is not backed by the United States government. That’s why investors holding agency bonds already receive a significant risk premium over Treasuries.”
“A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors.”
“It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors.”
“A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics.”
FreedomWorks
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@hieveryone2003
There is now a 7 volume 27 book series on what China invented first that says the world copied from them
The Chinese had “virtually” no chip making ability/foundries 6 years ago
thanks to the USA who did the job for the Chinese
Where their Government was trying to get their people to switch to homegrown chips before the sanctions
China is now expected to take over those legacy chip markets
If the USA was smarter instead of cutting off China from semiconductor chips and equipment for manufacturing
They should have themselves and their allies, lowered prices even more, and dump even more chips on China
Instead their idea was to force the hand of Chinese people at the time content with cheap imported chips.
Hope they could not innovate
When China leads the world in 37 of the 44 critical technologies of the future 🙄
At one point China was importing over 300 billion in chips a year
Now they will probably be exporting around 200 billion dollars worth of their own homegrown chips per year, within the products they export
👇
How Close Is China to World Dominance in Legacy Semiconductors? 27-02-2024 | By Paul Whytock
* Bread and Butter Technology
Obviously, China would like to be a major player when it comes to high-end sophisticated semiconductor devices, but that doesn’t mean they are not interested in the bread-and-butter end of the market, particularly when it comes to legacy products.
In fact, they are very interested in the legacy market, and there are some very good reasons why.
Legacy devices make up a huge amount of global chip sales. Most chips manufactured today are not advanced chips but legacy chips, and around 71% of devices
* China's Aggressive Expansion in the Semiconductor Industry
In September 2023, Reuters reported that China was set to launch a new state-backed fund aimed at raising about €43bn to support its chip industry, and according to research analysts, the Rhodium Group, in less than ten years, China is expected to domestically add nearly as much 50–180nm wafer manufacturing capacity as the rest of the World.
The views of industry analysts and observers vary, but generally speaking, it’s thought that 22 wafer fabs are being built in the country, and there is an overall plan to create a total of 30 new wafer fabrication plants.
Many of these will concentrate on the production of legacy devices.
As for market share, industry intelligence gatherers
Trendforce believe China’s legacy chip manufacturing base could provide as much as 30% of the global demand for older devices.
ElectroPages
1
-
1
-
Chinese Government has banned TicTok in China themselves
and are wary about these Social Media Sites
With that said this is really about China and US relations
More accurately the US/China trade war
Where the real goal isn’t trade deficits
It’s to get more or better access for US multinationals into Chinese Domestic markets
What most people don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
1
-
Chinese Government has banned TicTok in China themselves
and are wary about these Social Media Sites
With that said this is really about China and US relations
More accurately the US/China trade war
Where the real goal isn’t trade deficits
It’s to get more or better access for US multinationals into Chinese Domestic markets
What most people don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20 to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
👇
Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
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American military grade drones are losing out to Chinese made retail toy store drones
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American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones
Business Insider
American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones
Chris Panella
Wed, April 10, 2024 at 12:44 PM PDT
3 min read
American drones aren't performing as well as those from other countries, like China's, in Ukraine.
The drones are glitchy, expensive, and get lost during flight, sources told The Wall Street Journal.
Those problems are opening the door for Ukraine to buy drones from other manufacturers.
The drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. But for Ukraine, a key partner is having trouble keeping up and letting rivals fill the void.
American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones.
The problems with many US-made drones, particularly some of the smaller ones, are that they often don't function as advertised or planned and easily glitch when targeted by Russian jamming, sources told The Wall Street Journal.
They are fragile and vulnerable to electronic warfare. For some of the systems that were sent to Ukraine, issues included not taking off, getting lost and not returning home, or simply failing to meet mission expectations.
Part of the problem is that US technology isn't evolving fast enough, in part due to restrictions on sourcing. Georgii Dubynskyi, Ukraine's deputy minister of digital transformation, told The Journal that "what is flying today won't be able to fly tomorrow," adding that the innovation window in this conflict is small.
"The general reputation for every class of US drone in Ukraine is that they don't work as well as other systems," Adam Bry, the chief executive of American drone company Skydio, told WSJ, acknowledging that his own drone is "not a very successful platform on the front lines."
US drones are also typically far more expensive than comparable models. And at the rate Ukraine is burning through them, it wouldn't be feasible. Instead, Ukraine is turning to systems made by Chinese companies for cheaper and often more reliable alternatives.
Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Ukrainian forces sometimes strap bombs directly on them for a makeshift one-way attack drone or use them to drop grenades.
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What most people don’t get?
Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA
Where Chinese companies mostly trade with their Belt and Road country partners these days
These US multinationals are the ones sending you that junk
These US multinationals are still using the same highly polluting labour intensive factories formula.
As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia.
Or more and more automation in their wholly owned factories in China these days
These are the same companies who got those trump Corporate tax cuts you for sure cheered about
Same companies based in China who derived 392 billion in sales into the Chinese domestic markets in 2018 when trump started his trade war
Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions
Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war
Same companies whose HQ is in a North American city you can easily go stand outside and protest at….
Why didn’t China pull the nuclear trade option and boot these US companies you might ask?
They don’t believe in a zero sum game type of thinking
As I can show you during the trade war.
China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them
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Trump’s ‘trade war’ with China won’t be so easy to win
Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position.
China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD).
Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.
But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation.
As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta)
SCMP
1