Huawei has already failed and so has China.
"Fail" as in? Huawei's core business is in 5G RAN. Their market share is hovering at 32% currently, addin ZTE and China alone control half supply. And what is it about China?
China is being cut out of the global market and global supply chains controlled by the US.
How is China being cut out when it is the biggest trader on Earth? Global Supply Chains controlled by US, which is why US is begging firms to back to US with no avail for the past 4 years?(10 if you realise Obama's Made in America campaign in 2011)
Every country is at the mercy of the US. Not only China.
What mercy as you talking about? EU gave US the middle finger and continue on with Nord Stream II. Russia is in talk for Power of Siberia II with China. Turk Stream continuing despite US sanctions. Asian nations are reducing T-Bond holdings to the point that US has to offer Bond/Cash swap to prevent a further drop in T-Bond values, at the same time while reducing their exposure to USD as a trade settlement currency.
Tell me, was the Chinese economy booming during the autarky era of Mao Zedong in the 1970s? Was China rich then? Was China booming during the Qing Dynasty in the 1800s?
Yes, actually China realised their mastery of basic industrialization during the 70s, and actual growth is decent too if you bother to check.
(
)
China should seek better relations with the US and the world.
How? By complying with the US demands to move up the value chain? Sacrificing their sovereignty integrity by giving up tw island? By cutting out HK, Tibet, Xinjiang to be independent and democratic nations? Or by following the path of Soviet Union's dissolvement and privatising national assets overnight?
When China seeks better relations, as under Deng Xiaoping, Jiang Zemin, and Hu Jintao, it will succeed tremendously. It will become the world's largest economy and the world's greatest power.
Erm no, the MNCs go to China attracted by her huge bases of skilled, affordable labour. Deng Xiaoping, Jiang Zemin, and Hu Jintao did not compromise on anything, neither will Xi. On the other hand, now that China is on the verge to be the largest consumer market, the urgency to seek better relation rest on others. Some like Australia, do not realise this and thus stuck in a dilemma.
But when China turns it back on the world and starts picking a fight with everyone, especially the US, it will fail, as it did during the isolation era of Qing Dynasty and the Cultural Revolution.
China pick a fight with everyone in the ra of "Qing Dynasty and the Cultural Revolution" ?
But back then there are no dongfeng missiles.
The lesson of hundreds of years of Chinese modern history has never wavered for a moment.
Isolation and fighting is failure. But reform and opening up is success.
Is this meant for US and India?
No matter what path China follows this iron law will never change. Currently under Xi Jinping China is returning to the path of Mao Zedong and the Qing Dynasty, isolation and fighting. Therefore, China will enter a new era of failure and stagnation.
US is the one closing off itself from the world as China takes the center stage.
If China changes course again, its fortunes will change.
The course is right, what is there to change?
