Xi:
Why does everyone in the Biden admin act like spoiled toddlers? Do they really think that they are gonna get what they want just by crying loudly and making a big mess? China is not their parent.
Miscellaneous News
- Thread starter bd popeye
- Start date
Why does everyone in the Biden admin act like spoiled toddlers? Do they really think that they are gonna get what they want just by crying loudly and making a big mess? China is not their parent.
This isn’t really a valid excuse as Chinese companies could always spin up separate operations overseas like Tik Tok/Temu vs Douyin/PDD. The actual reason is what the other guy said: certain Chinese companies especially companies like Tencent and Baidu are essentially dinosaurs in their mentality, where they lack the ambition and drive to penetrate foreign markets and are content with rent seeking behavior domestically.
This is one reason why the crack downs on Chinese big tech. were justified. We should not assume every Chinese company is like Huawei, DJI, and BYD. Many are content sitting on their *** and collecting a pay check from monopolistic practices. These need to be punished.
perfluoroalkynated substances are chemically inert. they are used as blood substitutes in medicine. therefore there's absolutely 0 risk to the human body. this is just commie bullshit designed to make you lose faith in the ingenuity of murican capitalism, fellow citizen.
PFAS - Perfect Freedom American Substances
Yellen criticizes China's 'punitive' actions against US companies, urges market reforms
- Yellen says U.S. wants healthy competition, not winner-take-all
- Chinese Premier Li hopeful about bilateral ties
- U.S. industry welcomes Yellen's 'firepower'
Yellen spoke to the American Chamber of Commerce in China (AmCham) after what a Treasury official called "substantive" talks with former Chinese economy czar Liu He, a close confidante of President Xi Jinping, and outgoing top Chinese central banker Yi Gang.
The United States is seeking healthy competition with China based on fair rules that benefit both countries, not a "winner-take-all" approach, Yellen told Chinese Premier Li Qiang in a subsequent meeting on Friday.
Yellen and other U.S. officials are walking a difficult tightrope of trying to repair fractious ties with China after the U.S. military shot down a Chinese government balloon over the United States, while continuing to push Beijing to halt practices they view as harmful to U.S. and Western companies.
AmCham President Michael Hart welcomed Yellen's "extra firepower" in pressing for changes in China's policies, and said her visit could pave the way for more exchanges at lower levels between the two sides.
Yellen told the U.S. business executives a "stable and constructive relationship" between the two countries would benefit U.S. companies and workers, but Washington also needed to protect its national security interests and human rights.
Regular exchanges could help both countries monitor economic and financial risks at a time when the global economy was facing "headwinds like Russia’s illegal war in Ukraine and the lingering effects of the pandemic," Yellen added.
At the same time, she said she would raise concerns with Chinese officials about Beijing's use of expanded subsidies for state-owned enterprises and domestic firms, barriers to market access for foreign firms, and its recent "punitive actions" against U.S. firms.
Yellen told the U.S. business executives a "stable and constructive relationship" between the two countries would benefit U.S. companies and workers, but Washington also needed to protect its national security interests and human rights.
Regular exchanges could help both countries monitor economic and financial risks at a time when the global economy was facing "headwinds like Russia’s illegal war in Ukraine and the lingering effects of the pandemic," Yellen added.
At the same time, she said she would raise concerns with Chinese officials about Beijing's use of expanded subsidies for state-owned enterprises and domestic firms, barriers to market access for foreign firms, and its recent "punitive actions" against U.S. firms.
MARKET REFORMS
Yellen also took aim at China's planned economy, urging Beijing to return to more market-oriented practices that had underpinned its rapid growth in past years."A shift toward market reforms would be in China’s interests," she told the AmCham event.
"A market-based approach helped spur rapid growth in China and helped lift hundreds of millions of people out of poverty. This is a remarkable economic success story."
Yellen noted that China's enormous and growing middle-class provided a big market for American goods and services, and stressed that Washington's targeted actions against China were based on national security concerns.
"We seek to diversify, not to decouple," she said. "A decoupling of the world’s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake."
Non paywall source:
In the past they wanted to force upon us their religious model of christianity. These days its all about forcing the economic model of neoliberalism through our throats. Yeah, the magic pill.
Last edited:
Come now, real cultured aficionados know that Tchaikovsky is where it’s at.
Sounds like Yellen tried to flog some US debt and china told her to resolve the list of grievances and she said she can’t do it, so China said “have a safe trip back to the US”. Rinse and repeat for four days.
Neoliberalism benefits incumbent financial elites so it’s natural for the US to push it. Market economies allow US corporations and investors to essentially dominate them via their massive capital and technological advantages. It’s what happened throughout the Global South.
You can’t build a high technology economy without subsidies, protectionism, and industrial policy. Even more so if you don’t want said economy to be completely dependent on the West, which is all too happy to leverage it in the form of sanctions. It’s toxic medicine she’s selling.
You can use Baidu now just fine but unless you are searching in Chinese extensively, then I don't see it being better than a cohort of other search engines. For Sina Weibo it makes zero sense to separate operations because the main reason why people would be interested in joining it is communication with Chinese (e.g. celebs). It does not provide a new experience like TikTok. Same for WeChat which would also degrade into "just" a messenger most likely because carrying the whole ecosystem is not feasible.
Crackdown on Big Tech was necessary because Chinese tech was converging into a duopoly of Tencent's & AliBaba's ecosystems.
So why did this clown even go to China?
Wow, aren't you glad, China? The professor of a successful country (which is 32 trillion dollars in debt) came to lecture you on how to run your economy. How can you not be in awe?
Why did she even go all that way? She brought no carrot, no stick, just a sermon... All that could've been done over email. The only intersting point she brought up is this:
Why did she even go all that way? She brought no carrot, no stick, just a sermon... All that could've been done over email. The only intersting point she brought up is this:
I chuckled when I read this. The only ones who don't want a "winner-take-all" scenario, are people who can't see themselves winning.