Miscellaneous News

[PiSigma]

As though we need more proof that the board for Nobel Peace Prize has been U.S.', now Israel's, bitch.

In other news, according to Hu Xijin of Global Times, China will sanction senior US officials who visit Taiwan, and American companies who have ties with Taiwan - those companies will lose the mainland market.

https://twitter.com/i/web/status/1303346592976523265

Need to make it more than just US, like include Czech for one.

 

[Mr T]

Need to make it more than just US, like include Czech for one.

That would be rather petty. The Czech delegation to Taiwan was by legislators rather than the government. The Czech government didn't want it to take place and had no authority to stop it.

Also, it would be rather pointless given exports to China are a rounding error in Czech global business and would only cause to sour relates with the EU.

As though we need more proof that the board for Nobel Peace Prize has been U.S.', now Israel's, bitch.

You don't understand how the Nobel Peace Prize works. Trump has not been nominated by anyone on the committee, he's been nominated by a loon far-right Norwegian politician.

In other news, according to Hu Xijin of Global Times, China will sanction senior US officials who visit Taiwan, and American companies who have ties with Taiwan - those companies will lose the mainland market.

Being charitable towards Hu Xijin, I think he must mean companies that have ties to US officials who visit Taiwan. Sanctioning US companies that do business with or have ties to Taiwan would be impossible, e.g. Foxconn makes iPhones so Apple would be forced to choose them and pull out of China.

 

[KYli]

Countries such as France, Denmark, and Norway thought that pissing off China wouldn't cost them much. But after a decade of snubbing by the second most powerful country on earth, most of them have come around to realize that it is not worth it for the little money and publicity. Of course, it wouldn't stop newer generations politicians to make the same mistake but China has a lot of tools at its disposal to hurt these countries and China doesn't mind freezing the relationship for a decade or more.

 

[Mr T]

Countries such as France, Denmark, and Norway thought that pissing off China wouldn't cost them much. But after a decade of snubbing by the second most powerful country on earth, most of them have come around to realize that it is not worth it for the little money and publicity. Of course, it wouldn't stop newer generations politicians to make the same mistake but China has a lot of tools at its disposal to hurt these countries and China doesn't mind freezing the relationship for a decade or more.

Well Norway exports goods worth less than $5 billion to China out of over $100 billion globally. China's value to Denmark is even less. France exports a lot more because it's economy is bigger, but China's still less than 5% of French exports.

Of course that doesn't stop politicians trying to chase China's pot of gold, but the idea that China holds real power over these countries doesn't really ring true. Really, it's the threat to the dream of more trade that China can threaten, regardless of whether it would ever come about.

Now Germany on the other hand, they do have a noticeably larger part of their trade with China, which is why they were pushing for the investment deal with China quite hard.

 

[Mr T]

A useful article on why the Czech Republic has limited exposure to China.

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...

Around 80% of Czech exports go to the European Union. China accounts for 1.3% of Czech merchandise exports and 2.3% of service exports, according to Vilem Semerak, senior lecturer at the Institute of Economic Studies of Charles University in Prague, citing data from the Czech central bank.

Semerak said the Czech gross domestic product would decrease by about 1% if all of the country's exports to China were halted.

China is more important to the Czech Republic in terms of imports. In 2019, the European nation received more than 15% of its merchandise imports from China, including equipment and parts for its computer manufacturing and electronics industry.

Europe is also the main source of the foreign direct investment that the Czech Republic receives, accounting for over 94.2% as of the end of 2018. Total FDI from Asia was 4.3%. From China, it was 0.4%.

Taiwan actually has more economic clout in the Czech Republic than China in relative terms, Semerak said, adding that the composition of investment also matters.

Chinese investments from the likes of CEFC China Energy and CITIC are financial acquisitions of existing assets, such as a football club and real estate, or attempts to gain control of banks to enable a deeper expansion into the EU.

By contrast, several Taiwanese companies in the Czech Republic -- Foxconn repeatedly tops the enterprise ranking -- have helped with technology transfer expertise and in creating local job opportunities.

...

 

[KYli]

For what, little to gain but just cheap political points and bribe from tiny Taiwan. Politicians should look out for a country's interest not his own pocket.

 

[Gatekeeper]

Not like the prize means anything any more. Obama got it for doing almost nothing and Hong Kong rioters (every single one, apparently) were nominated too. It's something that began with good intentions but has since been turned into a political farce in recent decades.

Exactly, like Obama getting it even before he got in to office, and the likes of Liu Xiaobo and Dalai Lama. Then I definately know it was political.

 

[Gatekeeper]

Countries such as France, Denmark, and Norway thought that pissing off China wouldn't cost them much. But after a decade of snubbing by the second most powerful country on earth, most of them have come around to realize that it is not worth it for the little money and publicity. Of course, it wouldn't stop newer generations politicians to make the same mistake but China has a lot of tools at its disposal to hurt these countries and China doesn't mind freezing the relationship for a decade or more.

Absolutely couldn't agree more.

Noticed your post have been rebuffed by Mr T. Looking at just exports really doesn't pass the critical thinking test. And I though he had critical thinking abilities.

Selectively using absolute value when it suits and ignore the significant of % when it doesn't. Try telling this to the French wine producers export doesn't matter. French government's survival depends on large agricultural populace.

Also it is not just exports. The overall relationship dynamic is needed to assess the balance of power.

France for example have considerable exposure in the Chinese market and economy, and let's no go there about tourism (which does not count in the trade figures). I remember a survey conducted by western journal found that Chinese tourist spent far more per head than any other groups tourists.

 

[Gatekeeper]

For what, little to gain but just cheap political points and bribe from tiny Taiwan. Politicians should look out for a country's interest not his own pocket.

You noticed under one breath, he said it's not an official visit as the guy does not represent the government. In that case there's no need for China to do anything.

Also in that case, why is it even news worthy. News worthy enough for him to reproduce an article about how much little Czech republic can withstand China's pressure. Gee get real, little tiny Czech republic likes to play with the big boys. Using little tiny Taiwan to do so. That's quite understandable.

 

[Dolcevita]

That would be rather petty.

THat's rich coming from you as your wumao-like manipulation is full of pettiness. You are twisting the meaning of their post and that's what wumao-wannabe do.