Chinese Economics Thread

[Tam]

Ironically, this might be good news. Why? Because when it fails you should let it fail. Its even worst if you decide to prop up a dead corpse with taxpayer's money, like bailouts on corrupt banks and finance houses like in 2008.

Please, Log in or Register to view URLs content!

China Faces Biggest State Firm Offshore Debt Failure in 20 Years

 

[Jura The idiot]

inside
Huawei blamed after ex-staff’s detention

Please, Log in or Register to view URLs content!

By Chen Qingqing and Hu Yuwei Source:Global Times Published: 2019/12/2 22:38:40
:
"Li's wife told the Global Times on condition of anonymity that Li is facing ..." whatever, Glob. Times need to edit this, LOL

 

[Franklin]

Ironically, this might be good news. Why? Because when it fails you should let it fail. Its even worst if you decide to prop up a dead corpse with taxpayer's money, like bailouts on corrupt banks and finance houses like in 2008.

Please, Log in or Register to view URLs content!

China Faces Biggest State Firm Offshore Debt Failure in 20 Years

Bankruptcies and defaults is exactly what the Chinese/Global economy needs right now. Too much bad debt has been piling up in the financial system from easy money that needs to be cleared out.

 

[supersnoop]

Anyone see this yet?

I didn't see the original article in WSJ, but apparently this happened far faster than anyone anticipated. Certainly seems fast to me, considering that the ban was only instituted last year, they were able to line up alternatives within a year. Not surprising they were able to avoid Skyworks (mostly known for antenna interfaces I believe), and Broadcom (Wifi and Bluetooth chips) since Huawei specializes in network and wireless gear, but all the secondary little stuff, that is most impressive, even after accounting for the fact that they had forseen this.

Please, Log in or Register to view URLs content!

Huawei's phones and networking equipment are now "American-free"

 

[localizer]

Anyone see this yet?

I didn't see the original article in WSJ, but apparently this happened far faster than anyone anticipated. Certainly seems fast to me, considering that the ban was only instituted last year, they were able to line up alternatives within a year. Not surprising they were able to avoid Skyworks (mostly known for antenna interfaces I believe), and Broadcom (Wifi and Bluetooth chips) since Huawei specializes in network and wireless gear, but all the secondary little stuff, that is most impressive, even after accounting for the fact that they had forseen this.

Please, Log in or Register to view URLs content!

Huawei's phones and networking equipment are now "American-free"

It ain't completely true. Trump admin will change the % US tech and create further sanctions.

 

[manqiangrexue]

It ain't completely true. Trump admin will change the % US tech and create further sanctions.

I think for the 5G stations, it's been true for a while although there are still minor usages remaining on Huawei's phones. Trump can be my guest and do so until all US tech is viewed as poison against free business by the rest of the world as is already happening now. The more restrictive the US is, the more US tech or technological influence will be avoided like the plague. First agriculture, then technology. What's next? (CARS! Please let it be cars!) Nobody can ruin American industries like good ole 45!

 

[localizer]

I think for the 5G stations, it's been true for a while although there are still minor usages remaining on Huawei's phones. Trump can be my guest and do so until all US tech is viewed as poison against free business by the rest of the world as is already happening now. The more restrictive the US is, the more US tech or technological influence will be avoided like the plague. First agriculture, then technology. What's next? (CARS! Please let it be cars!) Nobody can ruin American industries like good ole 45!

I mean gunpowder is Chinese technology. When China dominates we should sanction all countries that use gunpowder.

 

[Just4Fun]

Ironically, this might be good news. Why? Because when it fails you should let it fail. Its even worst if you decide to prop up a dead corpse with taxpayer's money, like bailouts on corrupt banks and finance houses like in 2008.

Please, Log in or Register to view URLs content!

China Faces Biggest State Firm Offshore Debt Failure in 20 Years

Whenever reading ANYTHING about China from ANYONE accredited to Western MSM, check it track record.

If it has missed almost every of its previous major predictions, why can't it miss this one too? If it has failed you in the past twenty years, why can't it fail you in another twenty years? You have to have very good reasons to believe a chicken can become a buffalo without God's help.

Although Trump may be indecent in many things, his "fake news" comment is decent.

 

[Jura The idiot]

I mean gunpowder is Chinese technology. When China dominates we should sanction all countries that use gunpowder.

yeah plus compass and paper

 

[AssassinsMace]

I just watched Trump hold a press conference at the NATO summit. He was asked about the trade deal with China. Every time Trump says he might not want a deal, it's really means China is not dealing. He says China wants to make a deal but he has to look like he's the one in control. What I've read is that there are no planned meetings between the US and China in December. China is not talking to US representatives. Then Trump said his December deadline for China to deal is not a definite deadline where it might be until after the election. That means anymore tariffs hits the US the most not China and the economy might not be doing that well around election time.

I hope the trade deal falls through. Given the direction the US has taken, separation is in what's China's best interests in the long term. The US has engineered it that allies have to be dependent on them. China is a market US allies want to sell to. Unless the US is going to cough up the money they would've made from selling to China to not sell to China, what's going to happen is the US's allies will be producing their own technology so that the US has no veto power into who they can sell to. It's the US that will feel their monopoly being lost.