Chinese Economics Thread
- Thread starter Norfolk
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O-RAN is a software approach for 5G. While the rest of the world build hardware for 5G, the O-RAN way is to use software to use existing infrastructure to.enable 5G
While this might look logical to you, the software approach is hilariously bad because some estimates say that it will need millions and millions lines of code to make it work, and it would be full of vulnerabilities due to the complex software
IMO O-RAN is another way for the US companies to milk the government of billions of dollars without having to, shock!, manufacture anything and they can just use software lol
Nationalizing Alipay and Wechat pay is not good for their expansion overseas, but the Yankees will find an excuse to sanction them overseas sooner or later anyways. However, with the digitized rmb they will be able to break the $US hegemon. So given the choice between full financial system independence from the US system, and overseas expansion of Alipay and WeChat, the choice is clear. After they gained full financial independence, then Alipay and WeChat will have a better chance of overseas expansion.
China will then pay for Russian natural gas and oil with rmb. Europe will pay for in Euro dollars. Internal circulation among China, Russia and Europe will be achieved without using $US. How stupid the Yankees are?
Now a good excuse for China to sanction all Japan telecom, for siding with the enemy.
They just print some money for investment in this sector. Another way of internal circulation. As long as inflation remains low, it is okay to do that.
Its not like the only investors in the world are American! Russia has long ago insulated itself including having bypasses to SWIFT for its domestic inter-bank clearing
Conjecture, as Putin pointed out the European Sanctions cost Russia 50 billion but the EU 100 billion! The Crazy Ivans can outlast the West in that war of attrition!
Before you go with an oil embargo Russia as the 2nd largest producer will just send prices through the roof and with pipelines and trains to China it won't be much of an embargo
That's the kind of BS transactional diplomacy the US conducts, If its cash the Russians need China can buy Russian bonds or extend the oil and gas barter agreement they have in place. If its manufacturing capacity then for example they can pay them for licenses for AL-41, S-400 etc and build them using the licensing deal as the financial offset, there are plenty of Chinese SoEs to do it that are immune to US Sanctions because they do no business with the West unlike their private enterprise counterparts!
That's why going after Russia and China at the same time is just bonkers, they must have smoked too much of the weed they've been legalising!
China's already signed up all of Central Asia to the B+R and invested heavily in Uzbekistan to offset their BCI cotton embargo, it has no Geopolitical ambitions in Central Asia because they understand win-win and buffer states what's the point in antagonising Russia when what they are after is access routes and trade neither of which Russia has a problem with.
Ukraine in NATO been there tried that didn't go anywhere because no one in Europe wants a real fight with the Russians and no the Russians don't need to invade as I said there's a proxy war in place the Ukrainian forces have not been able to take back eastern Ukraine, the only way they can is with foreign boots on the ground, that's not going to happen because 80,000 Russian troops with home court advantage on the border says so!
Sorry but thats not how it works mate. For Russia's economy, the 50 billion is a lot of money. But for the EU 100 billion is nothing because their collective GDP is around 18 Trillion dollars. For them they dont care so much.
And lets not forget that all these Russians have idiotically stored their wealth in the EU. Guess what, the second something happens, the EU will freeze these funds and say goodbye to the money and the companies.
There is just no way to fight this. The mistake was ultimately from Putin who allowed the corrupt Russians to move their wealth outside Russia, so that now these money can be frozen in EU banks..
Anyway, this is offtopic so I will stop here. If you want we can continue on the Breaking News World thread
Actually the EU lost about as much trade with Russia since as the total amount of trade they have with the US in a year.
So the idea that it did not cost the EU much is misguided.
Plus the loss of trade fell mostly on the countries which border Russia. The ones which were most in favor of the sanctions.
Since then Russia has increased their trade volumes with China by about the same amount as the trade they used to do with the EU.
Hendrik_2000
Lieutenant General
But most of the gas shale field is in sichuan no problem with water. Yes they pressurize the water to crack the earth allowing it gas to escape thru the crack. But water is the least problem. They also add chemical additives that could be harmful to Human
Gas shale is beneficial but not Oil shale since the shale oil field deplete rapidly say year or two and necessitate to explore more field and more capital. It just like the proverbial pony scheme
Unlike conventional oil field that can last decades