In my view, China should negotiate and work out a deal with the Dutch. Its not worth blowing up relations over this, since thay is probably what the US wanted when it forced the Dutch. Its a big win for the US sadly.
Chinese semiconductor thread II
- Thread starter vincent
- Start date
What sort of negotiation can occur, when the entire premise of the issue is that the Dutch government were used wartime laws to nationalize a company that was operating above board, thus opening the risk of all companies and assets owned by any Chinese entity at risk of being nationalized at the whims of their local government?
PiSigma
"the engineer"
In my view China should do some research and nationalize 10x worth of Dutch companies in China as payback. Completed destroy the relationship until the Dutch come beg on their knees. Grow a backbone gadget.
If they won't beg then do a Lithuania on them. Nothing imported from Europe can have anything from Netherlands in it. See how fast the rest of Europe turn on the Dutch then.
Sure this was a US trap, but sometimes you have to take the bait. I expect they did this to use as an excuse to get ASML to stop doing business with China.
The alternative would have been for Chinese businesses to be trampled underfoot internationally. China did well to act.
The alternative would have been for Chinese businesses to be trampled underfoot internationally. China did well to act.
nooo it is the opposite actually. in this case specifically and US/EU trade war against China in general, has helped the CCP tame the unruly, fence-sitting capitalists within its own borders. for example, Xi has tried for many years to get industries to become more self-reliant, he was unsuccessful until ZTE/Huaiwei got hammered, then all the sudden everyone made domestication a priority.
With this case, it appears China is saying that chips can be supplied to Europe but payment has to be in RMB. I don't think Wingtech would have been very amenable to making this sort of request before all of this happened.
In the end, Chinese businesses were not necessarily allies of the Communist Party before, but they sure look to the Communist Party for cover now. This is actually all working out quite well for Chinese leadership because the west is whipping intransigent Chinese businesses in the direction they want them go move.
Are YMCT and CXMT listed on any stock market yet?
Not at the moment. They are both reported to be preparing for IPO next year.