If it takes 10~15 years to de-dollarize in the grand scheme of history that would still be lightning fast.
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- Thread starter bd popeye
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But hey, according to the NEOLIBS LGBTQ rights supercedes economics
For start I don't know if I can trust a "report" from a group called "Dollar Dominance Monitor" without thinking they may have an agenda. Second they talk a lot about BRICS but what about bilateral agreements. China buying oil in Yuans or China bilateral trade with other nations. I do think the overuse and overconfident of US sanctions will erode the the usage of the dollar, first in bilateral trade, then in international trade and the like a dam the whole scheme could collapse.
Like technology export controls, because the overconfidence of the stooges they think their walls are unsurmountable and ignore supply/demand laws. Then you start seeing the cracks, machine by machine, software by software and the BOOM the losses come to collect.
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I have a feeling this is going to go the same way as the number one pandemic readiness preparedness ranking.
Let this be a lesson or not to many idiot Chinese companies trying to do business in India.
AssassinsMace
Lieutenant General
It's like how the US tells China it'll take around forty years to master aircraft carriers. China has to start somewhere but what the US was actually doing was trying to discourage China from even having them at all. Same goes with advanced semiconductors. The US says one country can't do it all by themselves. And that's their logic on how they were going to make China surrender to all US demands and not just giving China good advice. China needs help from the West in order to create a semiconductor ecosystem. If they can get China to believe that, they will surrender to the US. Wouldn't they rather have China waste their time and money pursuing a futile effort? Well then they don't have to say anything. The reason why they have to say it so early in the process because they don't want it to happen at all and find out they were lying all along.
As if China and everyone else in the world that's glued on geopolitics were not aware of the actual utility and purpose of the recently established bases in the Philippines. Duh!! It's for Taiwan.
"Do you see the West talk how "we all" get hurt? The Chinese seems to think expressing how weak or how hurt you are is suppose to garner sympathy and those doing the harm are suppose to stop. The only thing the West sees when Chinese do that is what they're doing is working and you think they'll stop? That's also naive to think that they care."
Another way to look at it is that the Chinese are giving a veiled warning.
China's words to the West: Hey, what you're doing is going to hurt all of us.
What China really means: You know, what you're doing is going to hurt *you*.
That is, after all, what consistently happens. (1) The West tries something against China. (2) China issues some milquetoast objection. (3) The West's actions result in China getting stronger.
"I mentioned before about Huawei founder, Ren Zhengfei, when the US was attacking and sanctioning his company, he would publicly cry how US actions were hurting his company pleading for the US to stop. Today Huawei is making more money than ever without the US and Western countries and their allies as customers."
Your Huawei example is a case in point.
The Chinese government better not let vivo sell what ever technology it has to tata. Vivo should grow a spine and rather leave the country than to be taken over on the cheap. There must be more to it, otherwise they company is just stupid at best, traitorous at worst.