Trade War with China

Status
Not open for further replies.

Icmer

Junior Member
Registered Member
Spreadtrum sell lower end SOCs. If this is due to lack of funds, their client base, or limitations by their foundry partner (UMC) I don't know. But all of those could be factors.
Mediatek (which is a Taiwanese company) mostly dominates the middle end of the market and Qualcomm dominates the high-end. Apple and Huawei design their own high-end SOCs but they still need to source the LTE modem from someone else and Qualcomm has the best LTE modem technology. In fact Apple sued Qualcomm because of this claiming they have a monopoly because they own a lot of patents which are used to implement LTE (which is a standard) in an energy efficient fashion.

Not just Apple of course - Qualcomm was hit with an antitrust investigation by Chinese regulators, and they fined quite heavily. This is why Huawei is fast building up its patent portfolio in 5G.
 
I don't know what are trying to do here Stunt before midterm election A way to juice up stock market?
From Asia times. This trade war is becoming albatross
Please, Log in or Register to view URLs content!

Is Trump trying to ‘juice’ the market with China trade deal ‘stunt’?
Stocks struggle to decipher mixed signals from the White House ahead of midterm elections
By
Please, Log in or Register to view URLs content!
NOVEMBER 3, 2018 4:28 AM (UTC+8)
Judging from stock market gyrations in recent weeks, Wall Street has not priced in an escalation in trade tensions with China that was telegraphed months ago by the president.

And judging from trading on Friday, which came amid an about-face from Trump who now says that a deal with China is coming, investors are still confused.

The week ended with a flurry of conflicting reports which suggested, respectively, that a deal was in the works and that, to the contrary, that is not the case.

Trump weighed in on Thursday with a tweet to the effect that talks were going well, adding more optimistic remarks on Friday afternoon which undercut comments from senior White House officials on the same day, including economic advisor Larry Kudlow.

Investors were apparently not sold on Trump’s insistence, with benchmarks chopping sideways following his remarks, after pairing some losses earlier in the day. All major benchmarks were down on the day.

One reason for skepticism is that no clear evidence has emerged that China is willing to budge on some of the Trump administration’s key asks.

“Yes it’s a big obstacle toward getting toward a deal with the Chinese government and think tanks not only avoid answering but sometimes sweepingly deny the allegations [of forced technology transfer],” said Michael Pillsbury, the resident China specialist at the Hudson Institute, the Washington DC-based think tank where Vice-President Mike Pence recently articulated the Trump administration’s China policy.

Pillsbury wrote in an email to Asia Times that a possible framework for a deal presented at Hudson by the Beijing-based China Center for Globalization, which went further than previous reported offers from Beijing, would be taken as an insult by the Trump administration.

BlackRock CEO Larry Fink shared a similar sentiment, speaking at a conference in New York on Thursday.

“I was in China a few weeks ago, and I do believe if the path remains the same in the next few weeks, we’re going to have a full-fledged trade war,” Fink said.

“China [is] a very strong, very proud nation. I think they’re going to stand firm,” he added.

The gap between China and the US on the trade impasse has led to speculation that Trump is trying to boost investor confidence ahead of crucial congressional elections to be held on Tuesday.

“If I was a deeply skeptical person – and I’m only a modestly skeptical person – I would say this is a stunt to juice up the market,” said James Pethokoukis, an economic policy analyst at the American Enterprise Institute, a conservative think tank.

When asked during an interview on CNBC whether he thought the escalation in tariffs would ultimately come at the end of the year, Pethokoukis sounded pessimistic.

“Listen, I still do [expect the new tariffs]. I fundamentally feel this is different […] than NAFTA which was really about getting a so-called better deal. I think this is really about us competing with China on the global stage.”

He added that creating the appearance that a deal was imminent would help Trump with his political base, many of whom depend on agricultural exports to China.

“I imagine, particularly folks in the Midwest, will really like that.”

George Magnus, former chief economist at UBS who is now an associate at the University of Oxford China Center expressed his agreement with that viewpoint, via Twitter:

I wrote this 3 days ago, and now Bloomberg reports Trump has authorised Cabinet to prepare for some kind of agreement with Xi following their conversation. Champagne or Shmalz? 1/n

Colour me cynical but Trump is posturing. Mid-terms next week. Create a buzz in the markets. Claim the high ground for making an initiative. Etc. China will/should be wary of coming to BA armed with concessions. 2/n

Before Trump’s comments on the trade deal in the works, stocks started the week on a down note following a report that trade would not even be on the agenda for an upcoming meeting between Trump and Chinese President Xi Jinping at the Group of Twenty meeting in Buenos Aires later this month.

The rough start to the week came after a terrible October for US equities which sent benchmarks near correction territory and fueled speculation of a bear market.

On Wednesday, Trump advisor Larry Kudlow was the first to inject some optimism back into the conversation when he said in an interview with CNBC that tariffs were not “set in stone.”

“It is possible some good positive things could – I say could – come out of President Trump-President Xi talks. It’s possible,” Kudlow said.

Markets, evidently, are not sure which Kudlow – or which Trump – to believe.


I guess expect return of a full blown rhetorical trade war again soon after midterm election on Tuesday.
 

tidalwave

Senior Member
Registered Member
China looks like glutton for punishment. trump recent boasting of imminent China trade deal is solely to use China to boost the market to survive mid term, yet China plays along with Trump. It's going nowhere.
Doesn't China want Trump lose the mid term? What's going on here??

Mind boggling on China part. China desperate for goodwill even fake one it still fell for it. I mean even US market and analysts do not trust this thing, I don't know what to say to that
 

ZeEa5KPul

Colonel
Registered Member
China looks like glutton for punishment. trump recent boasting of imminent China trade deal is solely to use China to boost the market to survive mid term, yet China plays along with Trump. It's going nowhere.
Doesn't China want Trump lose the mid term? What's going on here??

Mind boggling on China part. China desperate for goodwill even fake one it still fell for it. I mean even US market and analysts do not trust this thing, I don't know what to say to that
How is China playing along with Trump? All China is saying is what it said a million times already: we won't negotiate except as equals, we aren't afraid of a trade war, etc. To me it's clear that China has completely written off this administration and is just waiting it out as it moves along with MiC2025 and technological independence.
 

manqiangrexue

Brigadier
China looks like glutton for punishment. trump recent boasting of imminent China trade deal is solely to use China to boost the market to survive mid term, yet China plays along with Trump. It's going nowhere.
Doesn't China want Trump lose the mid term? What's going on here??

Mind boggling on China part. China desperate for goodwill even fake one it still fell for it. I mean even US market and analysts do not trust this thing, I don't know what to say to that
Why do you think China wants Trump to lose the midterms? So his power will be reduced and so people who are smarter with more experience can stop him from making mistakes? So those people can step up and play the good cop to all the countries that Trump has alienated? Swinging while charging forward is not the only strategy to a fight.

Believe it: the Chinese government isn't more gullible than you and they're not more ignorant about American politics than you. Let them come up with the strategy.
 

tidalwave

Senior Member
Registered Member
US calling China as biggest intellectual theft. Well, to be honest, Whatever US claims China stolen is pretty useless or insignificant , makes no impact to the country!
Those individual Chinese taking something from US and bring back trying to make some big bucks. Alot of them brought back are Junks.

And here are those going back to China to cheat university grant and government money. The famous one is
Shanghai Jiaotong University Chen Jin faking Motorola chip as self developed.

Please, Log in or Register to view URLs content!


So, I dispute US claims China as the biggest intellectual theft because whatever taken are pretty much useless.
 
Last edited:

tidalwave

Senior Member
Registered Member
Contrary to Wisdom man of this forum, influential Peking university professors suggesting appeasing US and criticize China industrial Policy.


Ho ho ho... what do you know!?






In the past three weeks, Zhang Weiying,
Please, Log in or Register to view URLs content!
and a professor at the prestigious seat of learning in Beijing, has mapped out his vision of the future.

On Monday, Fan Gang, another influential professor at Peking University and president of the
Please, Log in or Register to view URLs content!
, outlined a similar roadmap.


Their views come at a time when the world’s second-largest economy is being buffeted by internal and external headwinds, including rising trade tensions with the United States.


Zhang has attributed the Cold War-style stand-off between Beijing and Washington to China’s flawed economic model.


Please, Log in or Register to view URLs content!


 

gelgoog

Brigadier
Registered Member
Even if the Chinese open up their economy further it will only work in the short or mid term. In the long term the USA will want concessions which will harm China's economic growth or could even harm their social cohesion. That's not to say that I think it is a bad idea to open up the markets further at this juncture. I also know Peking University is Xi's alma mater so these people might actually have some sway over his opinion. But the Chinese must work under their own model and not break to USA pressure like the Soviet Union did. China has used the experience of Japan and South Korea's economies as templates for their future development in the past. The Chinese might have achieved the critical mass to compete in the wider market but I think they should remain beware of the experience Japan went through in the late 1980s.
 

manqiangrexue

Brigadier
Contrary to Wisdom man of this forum, influential Peking university professors suggesting appeasing US and criticize China industrial Policy.

Ho ho ho... what do you know!?

In the past three weeks, Zhang Weiying,
Please, Log in or Register to view URLs content!
and a professor at the prestigious seat of learning in Beijing, has mapped out his vision of the future.

On Monday, Fan Gang, another influential professor at Peking University and president of the
Please, Log in or Register to view URLs content!
, outlined a similar roadmap.


Their views come at a time when the world’s second-largest economy is being buffeted by internal and external headwinds, including rising trade tensions with the United States.

Zhang has attributed the Cold War-style stand-off between Beijing and Washington to China’s flawed economic model.

Please, Log in or Register to view URLs content!
First of all, many prominent American economists have also expressed that the US cannot win a trade war against China. Why focus on these 2 people?

Secondly, what is your point? What is this ho ho ho crap? You got nothing right over anyone else. Do you even know what you are saying? First you criticize China for being too soft, appeasing too much looking for a win-win when one cannot happen. Then, you quote these articles that advocate the exact opposite of what you suggested, and you add ho ho ho??!! What the hell are you talking about? You don't even have a consistent stance; you just want to complain and criticize others no matter what happens.
 
Last edited:

AssassinsMace

Lieutenant General
People talk as if the US has legitimate gripes against Chinese behavior on trade. That would be true if China didn't have legitimate gripes about the US. Everything complained about China Trump says US allies are just as bad. Do you see anyone telling how US allies are on the path to nowhere? The US complains about trade deficits yet has restrictions on selling to China technology they can't produced or cost more to do it themselves. Meaning the only things that China can buy from the US is stuff China can make for themselves and at a cheaper cost. The trade deficit is of the US's own making. The US is on the path of unreasonable expectations. The lesson learned is not about playing fair. It's having the advantage over the other. The truth is the US and its corporations take advantage of cheap labor in China so they can make more money than they would any place else. Outsourcing is misrepresented in US trade figures. China doesn't profit from over 60% of products exported to the US that are sold to consumers. Trump is not calling for reducing trade with China to balance trade. He demands China buy more from the US to make up for a fictional trade deficit meaning the US makes more off a lie. The laws of supply and demand are capitalist principles. Trump demands China buy stuff Chinese don't need. If the US is too afraid of selling technology to China they won't be able to control what China does with it, that's the US's problem. Not China's. They want to have it both ways. Now they not only want to prevent China from having that technology. They expect China to commit to not developing it for themselves either. Yes and let's not forget they accuse slave labor yet fully exploit it for themselves.
 
Status
Not open for further replies.
Top