@horse bro the US is hemming in its allies preparing for the eventual lost of the Chinese market as China self sufficiency gather pace. Its a short sighted strategy cause it will implode its leadership. They only produced and control a small but critical component/segment of that industrial chain and from that group only Japan will follow its lead while others will depart and form its owned. Nobody wanted to be told what to do but due to the America bullying every one accepts its whim, with China forming its owned complete line, others had been encouraged. Bro I'll see 3 blocs forming (The US with its five eyes plus Japan and TW, China and the EU) with the EU gaining strength as she can trade and do business with both side same with South Korean . And looking at it the biggest loser is Taiwan closely followed by Japan.Sure sounds like the basic idea is for them to form a semiconductor cartel lead by the United States.
Good luck with that.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
There will be blocks, but those would be loose blocks.
Today this was in the news.
U.S.-China Goods Trade Booms as If Virus, Tariffs Never Happened
By Eric Martinand James Mayger
July 22, 2021, 1:21 AM UTC
US-China trade booming, with the trade war and tech ongoing.
Usually trading blocks decrease trade. Trading blocks are usually set up to be protectionist barriers, and exclusive to restrict trade from certain sources. But here is a situation where two who be block builders, do record business with each other.
Who else wants to buy into that? Everyone it would seem!
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There are two stories here IMHO, both related to the trade war and tech war.
The first story is globalization. Globalization has proven to be too strong a force to be stopped, Trump could not accomplish anything with his anti-China trade war, other than a few laughs for some, and more profits for others.
What seems apparent is that globalization will continue uninterrupted, and China would have an even larger influence on it. The stories that claim that globalization is being scaled back, are not written by the economics or business people. They truly do not understand what is going on, in reality.
The second story, is the tech war between China and America. But that is who the tech war is between, China and America.
The tech war is a very unclear.
Basically it is not even a war. There is no fighting or competing. Just one side trying to dictate the rules of the game, but the other side builds out its own tech.
It is like the Americans forgot that who builds the better tech, gets to have the biggest say in the rules of the game. It is like they cannot stand it.
My guess is that the Chinese are so far ahead in something like 5G, the Americans are trying to build their own technology block, so that when they catch up and be part of the 5G game again, they would have a larger group of countries to work with, giving them some economies of scale.
It may work, it may not.
In the end, the tech war is about tech to the Chinese. To the Americans, the tech war seems to be about leadership of their client states.
Suppose the Chinese quantum computer is operational, and doing calculations for chemical compounds for drug companies. Those drug companies in Europe would want to use a Chinese quantum computer if they do not have one. How would the Americans react if such a situation came to light? Not well.
Rambled too long, so just to sum up, the trading blocks are only in name. Some items may be restricted, but trade will continue growth for everybody.
A technology block is more real, but the problem is the block is useless for those who are behind. Suppose sub-Saharan Africa had a technology block. No one would notice. The Five Lies have a 5G block against China. China could care less.
If we are a country in a block, without the tech, then who knows what they want to do?
A world full of tech blocks I would dismiss outright. Tech is too fluid.
The idea of a tech block is tough to imagine.
Something like weapons, that is easy to think about.
But a tech block for commercial items, then this tech war turns real fuzzy, like there is just mist.
With so many parts, know how, processes, materials, patents, who can really track of all that? That is why there are blanket bans from the United States government against Chinese companies. How is that ban against Huawei working?
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Also, the thing about tech, it is unconventional.
Tech is disruptive, it changes things. What the rules were, then the tech comes along, and those old rules are rendered irrelevant.
Here is another TikTok story. TikTok is basically Chinese technology.
TikTok continues to be the world's most downloaded app, and looks like it will turn itself into a super app in the Western world.
If any countries bans TikTok, then so what?
The influencer marketing on TikTok videos sell products. If America bans TikTok, then no American goods can be sold worldwide on TikTok, the most popular app apparently, bust a move.
At this point in the story of ByteDance, the United States government banning TikTok does not solve anything.
Even if they ban US dollar transactions on TikTok, some viral video will demonstrate crypto-crap or DCEP!
Technology is kind of wild. Once it gets going, then we cannot stop it.
Only the political people think they can do something about it.
Give credit to CCP for embracing technology. Strange, uh? It's a strange world, and, bust a move!
Something like weapons, that is easy to think about.
But a tech block for commercial items, then this tech war turns real fuzzy, like there is just mist.
With so many parts, know how, processes, materials, patents, who can really track of all that? That is why there are blanket bans from the United States government against Chinese companies. How is that ban against Huawei working?
======= ========
Also, the thing about tech, it is unconventional.
Tech is disruptive, it changes things. What the rules were, then the tech comes along, and those old rules are rendered irrelevant.
Here is another TikTok story. TikTok is basically Chinese technology.
TikTok continues to be the world's most downloaded app, and looks like it will turn itself into a super app in the Western world.
If any countries bans TikTok, then so what?
The influencer marketing on TikTok videos sell products. If America bans TikTok, then no American goods can be sold worldwide on TikTok, the most popular app apparently, bust a move.
At this point in the story of ByteDance, the United States government banning TikTok does not solve anything.
Even if they ban US dollar transactions on TikTok, some viral video will demonstrate crypto-crap or DCEP!
Technology is kind of wild. Once it gets going, then we cannot stop it.
Only the political people think they can do something about it.
Give credit to CCP for embracing technology. Strange, uh? It's a strange world, and, bust a move!
Wow. Thats a $100 billion industry getting eradicated.
Seems kind extreme because that there is such a high market demand it means that this is a legitimate service demanded by the Chinese customers
IMO they should go for more regulation instead of killing the entire industry. In the recent years these private companies have innovated a lot on their cloud internet platforms utilising AI, Big Data, edge-computing and other advanced technologies.
This is fast becoming a high tech industry which strengthens China's tech ecosystem
Seems kind extreme because that there is such a high market demand it means that this is a legitimate service demanded by the Chinese customers
IMO they should go for more regulation instead of killing the entire industry. In the recent years these private companies have innovated a lot on their cloud internet platforms utilising AI, Big Data, edge-computing and other advanced technologies.
This is fast becoming a high tech industry which strengthens China's tech ecosystem
This is probably designed to reduce the cost of education, for the new 3 child policy.
A lot of times what people don't understand is, a lot of things can't just be regulated in China. If you have regulations, you'll have all sorts of backdoors and exceptions. As long as there are any, they'll be completely exploited. The Chinese people are just too damn good at exploiting loopholes in the system. A lot of policies that work in other countries really wouldn't work in China because if there's an opportunity for that system to be taken advantage of, it will be, until that system is broken.
So a lot of time, the only way to 'regulate' something, is to have clear cut rules with no any sort of exceptions. For example, it used to be that you get bonus points for the Gaokao from lots of different things, like music, sports, Oympiad competitions, then tutoring centres just sprung up out of nowhere that teach children to meet those bonus points targets instead of teaching them any meaningful skill or diversify their high school life. What started as a well-intentioned policy to encourage diversity, ended up being a game for the rich where every kids loses - the rich kids lose their free time as they are forced to take up lessons where they don't learn any meaningful skills, and the poor kids lose a level playing field. What do you do? You get rid of bonus points altogether.
So a lot of time, the only way to 'regulate' something, is to have clear cut rules with no any sort of exceptions. For example, it used to be that you get bonus points for the Gaokao from lots of different things, like music, sports, Oympiad competitions, then tutoring centres just sprung up out of nowhere that teach children to meet those bonus points targets instead of teaching them any meaningful skill or diversify their high school life. What started as a well-intentioned policy to encourage diversity, ended up being a game for the rich where every kids loses - the rich kids lose their free time as they are forced to take up lessons where they don't learn any meaningful skills, and the poor kids lose a level playing field. What do you do? You get rid of bonus points altogether.
Issue is more complex than simply some tech stocks and innovation.
I would say a great move. These so called Edu Tech companies do nothing but fear monger students and parents into buying their overpriced products. Becoming rich in the process while imposing an unnecessary burden on poor parents .
This will also improve the mental health of millions of students . This is more valuable than $100bn. A Child being forced to study 12 hours a day and even on weekends isn't exactly living a life you know.
You're faux concern along with the incompetent France's concerns are duly noted. I mean if France wants to go pretending they're somehow semi competent when it comes to safety then they ought to have done a much better job with their handling of pandemic in their country. China could have made it's opinion and expertise on pandemic handling which is backed by data and evidence for all the world to see and teach those high and mighty French poodles that China places a higher premium on it's people than France pretends to do.
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