generalmycoup
Joined 8 years ago
Joined 8 years ago
Case in point:
"Brian Shields, former Nortel security adviser, alleges Huawei hacked company for 10 years..."
"It was on behalf of Huawei and ZTE and other Chinese companies that could have used this information to compete against us in the marketplace. It gave them a strategic advantage. How can you survive when you have a competitor basically right there knowing all your moves, what you're doing, what you see as the future products?"
http://www.cbc.ca/news/politics/former-nortel-exec-warns-aga...
their rate of growth is faked. have a look at their provinces confessing a 20-30% fake revenue
https://www.bloomberg.com/news/articles/2018-01-19/this-is-h...
> For now they seem to be doing pretty good
Their economy is saddled with debt, and their growth is slowing/stopping so much that Xi JingPing had no choice but to announce dictatorship way earlier (before riots and revolutions), their money is fleeing the country, their stock market crashed, they have demographics crisis, gender crisis, middle income trap crisis, the population's money are all stuck in real estate bubbles which are now deflating, their exports are down, their imports are up, their factories moving to other countries, etc.
I think US is playing the game pretty well. US is threatening to block their huge customer base from China, unless China plays fair, allows 100% ownership from foreigners and opens up their market and stop stealing IP, like they promised when they got into WTO. Via trade wars and protectionism. Not sure what else US can do besides completely stop trading with China.
And remember you're now dealing with a dictator. Dictators are irrational, stupid with economics, and lots of arrogance. They only respond to massive threat, which they did (thus saying they want to reduce tariff on cars)
China (who doesn't respect IP) = 11T GDP
pretty sure China needs the developed world's customers more than they need China.
China can be replaced by automation and other developing countries for labor
then they realized they had to give up 50% of company, their IP were stolen, the 1.4 billion customers never came because China's upper middle class income is $1000/month and half the population made $200/month, they had to give up board seats to Chinese officials, they gained some customers in China but lost most of their customers in NA, Europe and Japan because Chinese competitors sponsored by states stole them, they lost sales due to Alibaba, Amazon and Ebay shipped counterfeit products that was copied exactly like their own, directly to customers. And they died.
btw jacquesm did you go to the dark side of dictatorship? why are you openly supporting China?
from us, 50 Cent Army/Chinese Government AI who is imitating an American