News on China's scientific and technological development.

muddie said:

There is no way any member of the 5 Eyes would use Huawei equipment, especially the U.S. / UK. It honestly shouldn't be a surprise and I would assume it's not a surprise to Huawei either.

The U.K. made the mistake of initially agreeing to limit Huawei's involvement but under U.S. pressure folded. Australia banned Huawei and Canada is basically playing the waiting game where it doesn't officially ban Huawei in fear of Chinese retaliation, but rather not make a decision and force its telecom companies choose other vendors in the meanwhile.

China has publicly mentioned multiple times in the past months that it would retaliate if U.K. backtracked so China definitely saw this coming. Given the COVID backdrop and the expectation that Europe takes the biggest hit economically, China has a wide range of options to retaliate. So it would be interesting to see what the Chinese response is.

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Ironically named HSBC (Hong Kong Shanghai Banking Corporation) is the UK's biggest bank, and finance is the UK's biggest industry (fancy word for laundering). Banks have taken a hit during the covid crisis, and HSBC get much of its profits in China. HSBC is rightfully quivering in their boots in the wake of retaliation and no doubt they are part of the faction supporting Huawei in the UK. As a matter of fact, HSBC made clear of their support of the new National Security Law.

Can you blame them? Companies are out to look out for themselves, first and foremost.


HSBC isn't just UK's biggest bank, its the world's biggest bank that isn't Chinese --- the top four spots are held by Chinese banks, with HSBC being the world's fifth biggest bank.

After Brexit, the UK may find itself isolated and headed to the third world. Its a country that cannot afford to reduce its economic relations with China. As it heads down to the third world, deliciously irony considering how the UK and Ireland has switched their economic status.

The UK's real industry is private banking --- anonymous firms that are managing the finances of the elite. You wonder how much of these are from Russian oligarchs and Asian billionaires. The UK cannot afford to anger Chinese investment.

If anything is broken its the state of the UK to consider even selling off strategic assets to China. If the UK doesn't want Chinese investment, they should go ahead and buy back these assets. IMO China should have kept its money back in its borders and continue to invest on its own country and lift its remaining poor, where it is better appreciated instead of investing in foreign assets and get flak for it.

Tam said:

Ironically named HSBC (Hong Kong Shanghai Banking Corporation) is the UK's biggest bank, and finance is the UK's biggest industry (fancy word for laundering). Banks have taken a hit during the covid crisis, and HSBC get much of its profits in China. HSBC is rightfully quivering in their boots in the wake of retaliation and no doubt they are part of the faction supporting Huawei in the UK. As a matter of fact, HSBC made clear of their support of the new National Security Law.

Can you blame them? Companies are out to look out for themselves, first and foremost.

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HSBC isn't just UK's biggest bank, its the world's biggest bank that isn't Chinese --- the top four spots are held by Chinese banks, with HSBC being the world's fifth biggest bank.

After Brexit, the UK may find itself isolated and headed to the third world. Its a country that cannot afford to reduce its economic relations with China. As it heads down to the third world, deliciously irony considering how the UK and Ireland has switched their economic status.

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Remove UK status as trading-house for offshore renminbi, switching it over to Frankfurt.

Making Frankfurt another major trading house for offshore renminbi is a better method. Stop investing in UK from high speed railroad, to nuclear plants, discourage Chinese tourists and Chinese students from going to UK, and weaken the UK financial sectors by undermining HSBC and Standard Chartered in HK. All five eyes are lost cause so no need to invest in them anymore. All major Chinese technology companies should avoid them also.

Frankly, if the U.K. government really allows their telecom companies 7 years to phase out Huawei equipment, then it's more like a delay tactic then a outright ban. In other news, after Germany, Belgium will allow Huawei to build their 5G networks:

supercat said:

Frankly, if the U.K. government really allows their telecom companies 7 years to phase out Huawei equipment, then it's more like a delay tactic then a outright ban. In other news, after Germany, Belgium will allow Huawei to build their 5G networks:

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One cannot trust any of the Western and indeed any foreign country, especially those that are part of the US Alliance system and have disputes with China over other things such as territory.

Tam said:

If anything is broken its the state of the UK to consider even selling off strategic assets to China. If the UK doesn't want Chinese investment, they should go ahead and buy back these assets. IMO China should have kept its money back in its borders and continue to invest on its own country and lift its remaining poor, where it is better appreciated instead of investing in foreign assets and get flak for it.

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I also believe that China was greatly focus on its domestic market and domestic development.

i remember that soviet union when a b-29 landed on his territory copied every single piece of the aircraft giving life to the tu-4 bull and a great family of nuclear bombers. Now the first strategic imperative for china is to copy a euv machine from aslm (world monopolist of this tech). Quite different times

Italy has excluded Huawei and ZTE from its networks.

It seems that the European market is becoming more and more unreliable.


I wonder how Germany will turn out, or if they will cave to US pressure.

IMO, the US is asking too much by sanctioning both Huawei and Nordstream. If the Germans cave on one, I think the US will take it as a sign of weakness and demand the other one as well.

SPOOPYSKELETON said:

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Italy has excluded Huawei and ZTE from its networks.

It seems that the European market is becoming more and more unreliable.


I wonder how Germany will turn out, or if they will cave to US pressure.

IMO, the US is asking too much by sanctioning both Huawei and Nordstream. If the Germans cave on one, I think the US will take it as a sign of weakness and demand the other one as well.

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That’s the Us strategy. Telling Germany you can’t have both. Essentially, Huawei is more of a threat, so the US is telling Germany to drop Huawei so they can keep Nordstream.

This is turning into the China geopolitical anxiety thread rather than the Chinese science and tech thread.