This says about blocking it in US
News on China's scientific and technological development.
- Thread starter Quickie
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Simple, as long as a nation's central bank/authority come into agreement with China to use DCEP as cross border payment, the act will be labelled as endangering US national security and said nation promptly be sanctioned through various means e.g economic/political.
How many US tech companies have a large presence in china? i know that apple has it but they export much from there to other markets. Does anybody knows what of other US companies?
What makes you believe that CR929 will have much sucess without western components? russia also needs them and they already seem to have gotten blocked from them.
They didnt do that regarding tiktok. Why would they do that regarding ant/tencent ? I dont think that the US is affected by the personal data safety of other nation´s citizens.
huawei is different because it evolves much more than personal data.
Not a bad report, as it is informative.
But that is the problem with it too, it is informative of the past.
That is the problem with many reports, what about the future? No opinion there, just a guess.
Fake news.
Because the key is the engine and Russia masters this technology
This is why in February the Trump administration wanted to block the engines of COMAC 919
Russia lags behind in electronics, in this area China can help, this is why the CR929 project makes sense
Well, AFAIK, the russian civilian aircraft engines are nowhere near as good as the US/european ones. Otherwise, why people dont see them anywhere at the airports ?
Fake news.
If it is sunny outside, and someone says it is raining, that is fake news.
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So ... what is going on here?
First, we must understand what is Ant Financial. They are one of the world's biggest and leading digital payments company. I do not know too much about them other than the basics, but we should assume they are that big because they did all their business in China in RMB because Alibaba made it easy for the Chinese consumer and producer to use such systems, sales and payments.
Are the Americans really saying they will restrict Chinese commerce inside China done in RMB? That is totally irrelevant, and fake news.
Or, are the Americans saying they will look into the threat posed by Ant Financial, whatever that is, which means they will study it. They could study anything they want, no need to tell anyone about it, especially when the IPO is imminent, which means everyone will be studying the financial statements of Ant Financial, and that is not even news.
To report this intention of study, that means this news that is not even news is made out to sound like news, which makes it fake news.
Or maybe, the Americans do not want Ant Financial to internationalized it payments systems. There the story gets more interesting, but that is not this story. This potential future story is complicated, because we have to bring in the history of capitalism, the role of the key currency, the present SWIFT system, weaponization of the USD, and China's economic influence along with the DECP which is going live soon.
The original story, fake news.
They were weighing banning Cisco hardware earlier this year. Trump is already toast in the polls, not sure what Xi is waiting on.