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K

KYli

Brigadier
tamsen_ikard said:
China did a lot more than just agree to buy more products. China opened up its financial system to fully owned US investment banks like Goldman Sachs. In the past they had to do minor steak Joint ventures. This was one of the demands of the US. China opened up many other fields to western investment that did not need a JV. That's how Tesla came along. In the past, Auto industry also needed JV's. And this was done AFTER the trade war in order to placate to complains from US and Europeans about China closing off its market.

People seem to have weak memory about the kinds of rhetoric coming from the west and western media at that time. It was not lets decouple from China, it was China closes its market from us and supports its companies, we need to force China to open up.

Guess what, China did open up. You could argue in hindsight that this is what Chinese government wanted. But they certainly didn't do it on their own. They were forced to do it.

China hoped that if they opened up they could stop the trade war. But of course what happened next was beyond expectation. West got so afraid of China and so hell bent about stopping China's rise that they decided they no longer wanted access to the chinese market. In fact they wanted to get out of China, they wanted decoupling.

This profound shift happened in 2019-2020 period when Hong Kong protest was raging and Covid came after wards. So now, China's opened up market wants western companies to invest but political pressure in the west is to look at any investment in china as helping China.

So, In the end China made many concessions but things got so worse that in the end it didn't matter.
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China has incrementally opened up its financial system way before the Trump trade war. Trade war did speed up the opening but the main reason why China has decided to open up financial system is due to the fact that it is confident that the Big 4 banks and top Brokerages can hold off the Western financial institutions. In addition, China needs the competition in order to instill reform and advance the financial sector to be competitive.

As for auto sectors, China has been thinking to allow foreign automakers to be fully owned for sometime. JV didn't create new national champion and instead JV has been keeping domestic state owned automakers from investing in R&D. That's why China decided it is better off for opening up the auto sector. China state owned automakers have been against such move but after private owned automakers outperform state owned companies there is no excuse to delay the ending of JV requirement.

The talks of opening up financial sector and auto sector have been on going for many years and way before Trump. Shanghai Free trade zone was setup in 2013 for a test so that China could have an idea how much to open up and what to open up. The trade War has speed thing up a bit but it actually is what China needs. Just look at the auto sector and how the rise of Chinese EV companies would transform the world and the sector. As for finance, Western financial institutions haven't made a dent yet.

Even now China has continued its incremental open up in financial sector and other areas. It does show that China is much more confident now after seeing Western competitors are way weaker than fear.

Whatever happened in HK or Covid is irrelevant, the West doesn't have a roadmap to achieve what they want and just throw every kitchen sinks to see if anything sticks. Today it is banning investment, tomorrow it is sanctioning Huawei, the day after restricting semiconductor exports. When all else failed, the West would just go back to the first step and re-sanction everything again and again.
 
C

Chevalier

Captain
Registered Member
KYli said:
54 billion bailout, Swiss people each have to coup up $7000.
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With respect, this goes totally against the philosophy of the fiscally conservative Swiss.
But the Swiss have already whored themselves out to the Anglos by compromising on Swiss Banking Secrecy, Swiss Banking should just fall on its own sword as the only honourable European thing to do.
KYli said:
I don't know why anyone would call the trade deal with Trump as humiliated. Basically, Trump wants China to give up any technology advancement and remain as a low value added labor intensive county but ending up agreeing that China only needs to buy extra American products. It was a lousy deal for Trump but Trump needed a win so after 3 years of negotiation Trump accepted a trade deal that was purposed to him from the very beginning.
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Honestly, shit like this is why i want to obliterate every single building, monument and infrastructure in the Five Eyes and 'Mogenthau Plan' the entire anglosphere.

Oh by the way, how's this for hot gossip? Former paramour of Guo now stabs him in the back:
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B

Biscuits

Major
Registered Member
tamsen_ikard said:
This is a interesting battle to see. China has always been docile obedient when it comes to US attacks. It has always chosen profit and practicality over dignity.

Practicality will say that it makes no sense to have tik tok banned which means Tik tok loses the US market and probably other western markets too. That will make Bytedance lose all value they have over tik tok in those markets.

But dignity is also stake, Chinese dignity should be triggered that West will force them to sell a global successful social media platform that showed that even non-western non democratic country can be cool, hip and popular and extremely innovative.
Chinese national pride should be hurt if they capitulate and sell instead of getting banned, becoming a martyr and showing the true face of the west to the world.

I really hope China will stop any kind sale of tik tok. But I am afraid China has shown again again that its willing to surrender, when it bent over backward to do a humiliating trade deal with US under Trump, also recent resumption of trade with Australia when it has made no concession and has started to do open war mongering and even have taken steps to acquire nuclear subs, which probably will lead to nuclear weapons too in the future.

China has simply been too weak and too timid against western attacks. Its good that they are pragmatic. But sometimes when the injustice is so great, you need to take a stand just for the morale of the country, even if it is costly.

I hope they make the right choice.
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So where has US actually managed to ever make a breakthrough in the cold war? The trade war led to increased Chinese exports globally. China surpassed America in auto exports and growth is showing no signs of stopping.

As long as US isn't moving at sufficient speed to catch up with China, there is no cause for alarmism.

Beijing always looks at the force multipliers rather than trying to micromanage companies and their private interests like America. And so far, American method has been nothing but failure.
 
Temstar

Temstar

Brigadier
Registered Member
Chevalier said:
With respect, this goes totally against the philosophy of the fiscally conservative Swiss.
But the Swiss have already whored themselves out to the Anglos by compromising on Swiss Banking Secrecy, Swiss Banking should just fall on its own sword as the only honourable European thing to do.

Honestly, shit like this is why i want to obliterate every single building, monument and infrastructure in the Five Eyes and 'Mogenthau Plan' the entire anglosphere.

Oh by the way, how's this for hot gossip? Former paramour of Guo now stabs him in the back:
View attachment 109233
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Lol she's still around? Guo had a breakup with her and after which he accused her of being both a CPC agent as well as a "snake demon" (literately he said 蛇精).

Those losers have the most hilarious drama. The most crazy thing is Guo had his fingers in a lot of pies back during Trump days. He was donating money to all the China related think tanks back then, maybe he directly contributed to America coming up with their meme version of China in their heads. Dude also single highhandedly destroyed any remaining credibility among 民运 circles.

It's little wonder people are suspecting maybe he is a CPC agent after all.
 
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daifo

daifo

Captain
Registered Member
Temstar said:
Lol she's still around? Guo had a breakup with her and after which he accused her of being both a CPC agent as well as a "snake demon" (literately he said 蛇精).
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She was on Fox news last week to say that covid was not a lab leak but a bio weapon released on purpose against the us. I hope she gets a similar fate as guo or deported back to hk.
 
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