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taxiya

Brigadier
Registered Member
coolgod said:
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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?​





Is this Yellen gonna play the UNO reverse card on her upcoming trip?
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What a joke. In legal terms between two states, the China who defauted was ROC, not PRC. PRC has declared in 1949 that she will not take on the obligation of ROC. The US has a choice to NOT recognize PRC and go after "ROC" in Taiwan for the money if it want. At the time of PRC and US recognizing one another, the three documents are the only legal contracts which do not include thoses debts. US as a state has legally given up those money.

If some people want those money back, they would have to ask "ROC" in Taiwan. There is no international agreement or treaty that US government or court can use as a legal base going after PRC ever, not even after PRC vanished "ROC" in the future. The bottom line is law is nothing if not enforcable.
 
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PeoplesPoster

Junior Member
taxiya said:
What a joke. In legal terms between two states, the China who defauted was ROC, not PRC. PRC has declared in 1949 that she will not take on the obligation of ROC. The US has a choice to NOT recognize PRC and go after "ROC" in Taiwan for the money if it want. At the time of PRC and US recognizing one another, the three documents are the only legal contracts which do not include thoses debts. US as a state has legally given up those money.

If some people want those money back, they would have to ask "ROC" in Taiwan. There is no international agreement or treaty that US government or court can use as a legal base going after PRC ever, not even after PRC vanished "ROC" in the future. The bottom line is law is nothing if not enforcable.
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lol what are they gonna do, start a war?!
 
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Dark Father

Junior Member
Registered Member
KYli said:
It is hilarious to see how these countries react when they are in the receiving end of sanctions.
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Brussels, Washington D.C and Tokyo. We should not harbor any illusions about those genocidal maniacs. Their objective is at least a severely weakened PRC or in the best case a PRC that disappears in the dustbin of history and persevere their hegemony about world affairs.
 
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emblem21

Major
Registered Member
Strangelove said:
Just warming up...


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China warns chipmaking export curbs ‘just the beginning’​


The caution comes as Washington-Beijing tech war escalates

China’s export controls on key components for computer chip manufacturing are "just the beginning," an influential trade policy adviser warned on Wednesday.

Earlier this week China announced that starting next month, special licenses will be required to export gallium and germanium, two key metals used to make computer chips.

Speaking to the China Daily newspaper, former Vice Commerce Minister Wei Jianguo said that should Washington place tougher technology restrictions on Beijing, the government will escalate the countermeasures. The decision to restrict the export of industrial products and materials containing gallium and germanium was made after thoughtful consideration, he added.

The comments follow a report by the Wall Street Journal on Tuesday that the US plans to restrict China’s access to cloud computing to close a loophole that allows Chinese artificial intelligence firms to bypass the current chip export control rules. Cloud services allow customers to gain powerful computing capabilities without buying advanced equipment, such as chips.

Washington and Beijing have been involved in a dispute over semiconductors and other advanced technologies for several months.

Reuters reported in May that US officials were considering tightening a rule designed to slow the flow of artificial intelligence chips to China by clamping down on the amount of computing power the chips can have. Last October, Washington introduced export control rules, effectively cutting China off from certain semiconductor chips made with US equipment.

China retaliated in May, by banning memory chips manufactured by Micron, the biggest US producer.

This week, Chinese President Xi Jinping called for "stable and smooth functioning of regional and industrial supply chains” ahead of US Treasury Secretary Janet Yellen’s visit to Beijing to discuss economic issues between the two nations.
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Looks like Yellens trip to Beijing is going to accomplish jack shit but make China wanna kill the US economy that much faster because the USA doesn’t know when to stop
 
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