I wouldn't call it a dictatorship, yet.
Trade War with China
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Jura The idiot
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I think it is beyond the trade war now, but I don't want to start a new topic.
It is the same script like with Russia.
step by step.
Oh, and don't read the article. The headline is more than enough.
Jura The idiot
General
Financial Times quoted Ren Zhengfei stating that Huawei is cutting its 2019 revenue forecast by $20 billion. They expect no growth (but no further drop either) in 2020, with revenue staying around $100 billion for both 2019&2020. In 2018 their revenue was $105 billion.
Sounds quite ugly in the short term, but they remain optimistic about the future. They will need the full support of the Chinese government to replace the embargoed supply chains in the short term. I doubt that even someone as big as Huawei can slug this one out alone, given how massive the R&D expenditures will need to be.
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Hi, Max, I replied this to Jura in the other thread:
" Well, whatever your intentions are, your sarcastic tone is suggesting to me that you think all our effort to resist and counter action against Trump administration's attack on China is futile, that we should just drop our weapons and surrender. I am telling you we don't give a shit about what you think, and no amount of your derision can weaken our resolve.
If Huawei persists and fight on, even if it dies, it is worthy of being Chinese. If Huawei chickens out and capitulates, it is garbage. "
I am not bashing the US. Just like the majority of Chinese people, even those who actively work in jobs that are meant to counter the US (like intelligence, propaganda, military, etc), they don't hate the USA. I remember you mentioned that you are concerned about the US-bashing in this forum. So I need to push this thought through.
The majority of Chinese people don't hate the USA, instead we admire the USA. But this does NOT mean we will be willing to capitulate to the USA and sacrifice our national interest in order to show how much we adorn the USA. After all, we are Chinese, China is our homeland. We don't want to see it burned and destroyed, or to let it sink as low as a virtual colony where all the sweat and hard work of our people are plundered by the big capitals of the USA, without even putting up a fight.
Jura The idiot
General
you sound pumped up; back from the Party meeting? LOL
Stop joking, I am serious!That's the problem, Chinese people admiring US for long long time to its own detriment.
If I were in charge at the 80s I will not let US Semiconductor firms completely dominate Chinese market especially the state purchase IT goods. Even if have to use backward tech couple generation behind. The Western embargo means China can use older generation equipment but that's OK as long as tech is its own
China joined WTO after 2000, so from 80s to 2010 it has more than 30 years to hone it domestic Semiconductor tech but it didn't do it. Majority of government PC is wintel and Huawei ZTE telecommunication equipment all used US components for long time until recently
People in China admired US advanced tech too much and to the detriment of China. And hence what we looking at today.
Things happen for a reason.
If I were in charge at the 80s I will not let US Semiconductor firms completely dominate Chinese market especially the state purchase IT goods. Even if have to use backward tech couple generation behind. The Western embargo means China can use older generation equipment but that's OK as long as tech is its own
China joined WTO after 2000, so from 80s to 2010 it has more than 30 years to hone it domestic Semiconductor tech but it didn't do it. Majority of government PC is wintel and Huawei ZTE telecommunication equipment all used US components for long time until recently
People in China admired US advanced tech too much and to the detriment of China. And hence what we looking at today.
Things happen for a reason.
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