Chinese Economics Thread
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Store them overseas where they will be confiscated at a moment’s notice? No thanks.
Those dollars were already converted to equity and assets, so let's say they want to repay our debt, we can offer them repayment in Rmb, therefor they need to earn RMB to repay us.
I wish there was a market in China for "America experts" (there are actual America experts in China, I'm talking about "expert" in the sense of "China expert" in the West) so I could make bank with my ground-breaking research that shows New York is responsible for a larger share of America's wealth and growth than Mississippi.
But you don't understand, the West has RulE Of LaW!1
Huawei continue to lead the global market in telecommunication equipment in 2021, covering 28.7 percent of the market share in sales revenue, followed by Ericsson, Nokia, ZTE and Cisco, according to a report by Dell'Oro, a Silicon Valley-based telecom information and service provider.
Despite the US campaign to curb the use of Huawei's equipment, which is impacting the company's position outside of China, it still represented No 1 of global revenue share, up 7 percent year-on-year.
"(Huawei) underscored its grip on the Chinese market, depth of its telecom portfolio, and resiliency with existing footprints," the report said.
Ericsson took the second place with revenue accounting for 15 percent of global share, and Nokia at 14.9 percent, ZTE at 10.5 percent, Cisco at 5.6 percent, Samsung at 3.1 percent.
Excluding the Chinese market, the competition between the big three kit vendors is more even, with Ericsson and Nokia at 20 percent, and Huawei at around 18 percent of the market.
The report estimated the overall telecom equipment market advanced 7 percent in 2021, recording a fourth consecutive year of growth, generated by surging wireless revenues and healthy demand for wireline-related equipment.
Total worldwide telecom equipment revenues approached $100 billion last year, up more than 20 percent since 2017.
Telecommunications infrastructure programs, according to Dell'Oro Group, cover broadband access, microwave & optical transport, mobile core network, radio access network, and SP router & switch.
There should absolutely be American 'experts' in the same vein as China 'experts', just to show westerners how ridiculous the likes of Gordan Chang, Peter Zeihan, etc are. Qualifications to apply:
1. Must have never visited America
2. Must get all your information on America from propaganda news channels
3. Must not know how to speak a lick of English
4. Must unsuccessfully predict the collapse of the American economy every year, for the past 30 years
broadsword
Brigadier
7. Must not have any academic degree related to US studies or history, but must be educated in Marxism, Scientific Socialism and/or Chinese history.
Imagine being paid top dollar to shit talk... land of dreams indeed
And yet these self-proclaimed 'experts' continue to get invited to TED talks and podcasts to spew their trite despite being proven wrong time and time again. If it wasn't so concerning it would be hilarious.