Does anyone have thoughts on the threat of financial sanctions on Chinese banks? Is it a nothingburger because they're small banks that'll shrug it off because those banks are meant to be not connected to the financial system?
Chinese Economics Thread
- Thread starter Norfolk
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Guess why that threat was quickly retracted within 24hrs. Wall street doesn't like people accelerating dedollarization. Besides China already has dedicated banks just for US sanctioned countries. Kunlun bank for example.
The US ruling class got so scared, they had to send in Yellen to deny the "rumors".
They'll just shift Russian transactions to small regional banks who hardly operate with dollars. So even if the sanctions come later, nothing really will happen, just extra work hour for some people.
Yeah that's what I meant, these threats just sound like nothingburgers because of the existence of places like Kunlun.
This is the leading edge of a Chinese science and technology tsunami that we will see in the coming decades. It is already playing out in the leading tech of the future like Green Energy and NEVs. It will eventually impact legacy industries like aircraft and semicon where China is currently trailing.
This is the IP and standards revolution to go with the world's most powerful industrial complex. It will hit like nothing we could imagine. When Chinese royalties and Chinese standards are matched with Chinese economy of scale:
This is the IP and standards revolution to go with the world's most powerful industrial complex. It will hit like nothing we could imagine. When Chinese royalties and Chinese standards are matched with Chinese economy of scale:
in Patent grants, Japanese leads in 3 fields and US in 4 fields while China is the leader in 29 fields .. this is upto 2021 ..
i have recently checked updated chart till 2022..
China surpassed USA in ''Engine, Turbines and Pumps'' category too. and Japan in semiconductor.. also second only to JAPAN in Optics. soon will surpass Japan in this category too ..
this ''Engine, Pumps, Turbine'' field was playing ground of Western powers and Japan .. Turbofan , heavy duty gas turbines , combustion engines , pumps and motors everything includes in this category..
and China is about to hit historic 10,000 patent grants mark in this highly technological advanced industry.. just insane
so China basically clean sweep in all WIPO categories in high tech..
What concrete meausures can by achieved by this?