Trade War with China

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weig2000

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...Continued

Others present the conflict as one over ideology and power. Those emphasising the former point to President Xi Jinping’s Marxist rhetoric and the reinforced role of the Communist party. Those emphasising the latter point to China’s rising economic might. Both perspectives suggest perpetual conflict.

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This is the most important geopolitical development of our era. Not least, it will increasingly force everybody else to take sides or fight hard for neutrality. But it is not only important. It is dangerous. It risks turning a manageable, albeit vexed, relationship into all-embracing conflict, for no good reason.

China’s ideology is not a threat to liberal democracy in the way the Soviet Union’s was. Rightwing demagogues are far more dangerous. An effort to halt China’s economic and technological rise is almost certain to fail. Worse, it will foment deep hostility in the Chinese people. In the long run, the demands of an increasingly prosperous and well-educated people for control over their lives might still win out. But that is far less likely if China’s natural rise is threatened. Moreover, the rise of China is not an important cause of western malaise. That reflects far more the indifference and incompetence of domestic elites. What is seen as theft of intellectual property reflects, in large part, the inevitable attempt of a rising economy to master the technologies of the day. Above all, an attempt to preserve the domination of 4 per cent of humanity over the rest is illegitimate.

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This certainly does not mean accepting everything China does or says. On the contrary, the best way for the west to deal with China is to insist on the abiding values of freedom, democracy, rules-based multilateralism and global co-operation. These ideas made many around the globe supporters of the US in the past. They still captivate many Chinese people today. It is quite possible to uphold these ideas, indeed insist upon them far more strongly, while co-operating with a rising China where that is essential, as over protecting the natural environment, commerce and peace.

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A blend of competition with co-operation is the right way forward. Such an approach to managing China’s rise must include co-operating closely with like-minded allies and treating China with respect. The tragedy in what is now happening is that the administration is simultaneously launching a conflict between the two powers, attacking its allies and destroying the institutions of the postwar US-led order. Today’s attack on China is the wrong war, fought in the wrong way, on the wrong terrain. Alas, this is where we now are.

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chlosy

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Wondering, is it possible for China to buy oil and natural gas only with yuan, yen, pounds, ruble and euro?
 

gelgoog

Lieutenant General
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China has negotiated currency swaps with a number of currencies.
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This basically reduces the need for each country in the bilateral agreement to use things like the USD or Gold in transactions.

For the case of Russia-China both countries setting transactions on their own currencies makes even more sense because both economies complement each other quite well.
Quite often the Russian economy is strong in areas where the Chinese economy is weak and vice-versa. One example is the energy sector in terms of oil and gas. On the other hand China has more developed industries in terms of semiconductors and others.
 

xiabonan

Junior Member
Nobody is talking about the news that China just handed out four 4G licenses today and is expected to have full coverage of 5G signal in 40 of its cities by the end of this year?

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"While South Korea, the US, Australia and the UK have launched initial commercial 5G services in the second quarter, the scale of China’s market is likely to dwarf the combined size of those economies, negating any first-mover advantage."

There's hardly any news on this in the Western media, especially American MSM. I've only seen SCMP reporting on this and Reuters reporting on this so far.
 

xiabonan

Junior Member
In other news, Chinese Internet giants have already been working on real-world applications of 5G technology.

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"In the meantime, internet giant Tencent has been quietly
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with Intel, and Netflix-like iQiyi has joined hands with China Unicom to
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, representing just two of the many applications that rely on 5G-enabled low latency and higher bandwidth to work."
 

Tam

Brigadier
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Nobody is talking about the news that China just handed out four 4G licenses today and is expected to have full coverage of 5G signal in 40 of its cities by the end of this year?

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"While South Korea, the US, Australia and the UK have launched initial commercial 5G services in the second quarter, the scale of China’s market is likely to dwarf the combined size of those economies, negating any first-mover advantage."

There's hardly any news on this in the Western media, especially American MSM. I've only seen SCMP reporting on this and Reuters reporting on this so far.


Is this about the one about Huawei going to do 5G for Argentina and Russia? If no one has posted them in yet, I will.

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Didn't know Xinhua has a Spanish edition.

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SPECIAL: Telecom Argentina highlights Huawei as a strategic infrastructure and technology partner

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China's Huawei signs deal to develop 5G network in Russia
Huawei welcomes agreement in area ‘of strategic importance’ after meeting between Xi Jinping and Vladimir Putin
 
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