Miscellaneous News

[jwnz]

IP? Commercial buildings? Investment shares?

Where do you think the billions in FDI from the US is going in China, it's just free money? It just disappears? They smoke it all?

I think behind the scenes China has already written off assets in the US, and even in other Western countries.

Considering China has effective capital controls, I believe China does not need to and will not nationalise US assets in China, as a way to show the world that China is fair and respects commercial agreements, which would foster and attract more investments and business from other countries, isolating the US in the process.

 

[FairAndUnbiased]

I think behind the scenes China has already written off assets in the US, and even in other Western countries.

Considering China has effective capital controls, I believe China does not need to and will not nationalise US assets in China, as a way to show the world that China is fair and respects commercial agreements, which would foster and attract more investments and business from other countries, isolating the US in the process.

So China should continue allowing US business executives to work in China normally by sending data over to their HQs, such as data on energy consumption, industrial production, traffic near their offices? For some virtue signalling?

 

[luminary]

https://twitter.com/i/web/status/1636635494078640131

It seems to me that some Germans are conducting "passive resistance" against their EU overlords. They preemptively built out 5G networks as fast as they could, so now it's economically impossible to justify banning Huawei.

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Deutsche Telekom, Telefónica Deutschland and Vodafone Germany, the three main companies building mobile networks, seem to have been on a caffeinated 5G sprint since rollout began several years ago. In its recently published annual report, Deutsche Telekom claimed to have reached 94.8% of the German population with its 5G network. Telefónica put its 5G coverage at 75% in October, while Vodafone boasted 80% at the start of this year. Strand Consult calculated that 57% of Germany's 4G radio access network (RAN) sites uses Huawei's technology.

Back in June 2020,

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claimed to have seen an internal report that put the cost of dismantling all Huawei's mobile equipment at €3 billion ($3.2 billion) and said the process would take five years. The report was codenamed "Armageddon."

The prospect of a Huawei ban is currently under discussion in political circles. Germany's 5G predicament could show either a stunning lack of foresight by company executives or a major communications failure between government and industry figures.

Despite the US's best efforts, it seems like Huawei has captured and encircled Europe.

 

[Biscuits]

Again, the platform store ban is not a big deal.

Let me show you how to download TikTok without Google Play.

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Boom. Done.

Come on... Was that really so hard?

And Android apps can auto-update, so you'll never need to click anything again.

Ultimately US is bluffing to get a deal where TikTok abides by American censorship. They have no means to stop TikTok on a signficant scale, nor is it possible to buy the company which contains technology forbidden for sale.

They might be able to oust them out of the 330 million strong US market, but just like most of China being on YouTube, most of US will still find ways to just circumvent it.

However, unlike China, US didn't ban the platform early enough, so it already gained massive popularity. The Chinese bans on US affiliated platforms was not meant solely as an ideological tactic, most of it was meant to help China regain leads in key social media sites. Because US is banning too late, it is unlikely that they will gain the latter effect.

So US is neither getting a sale nor likely able to oust TikTok (although the latter might happen if they have abysmal future planning and just want a quick "victory"), what they're doing is trying to dig under Bytedance's skin and say "you should fold to some of our demands". Maybe it will be censorship of some events on US TikTok, or allowing US bots to operate more freely, or both.

 

[Biscuits]

So China should continue allowing US business executives to work in China normally by sending data over to their HQs, such as data on energy consumption, industrial production, traffic near their offices? For some virtue signalling?

Only needed to seize US assets if US invades China. And then, its open season.

 

[BoraTas]

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Why Has Xi Jinping Let His Hair Go Gray?​

Jet-black hair has been a requirement of leadership in China since ancient times, but Xi has made an exception for himself as he has consolidated power​

The author Daniel A. Bell is pretty legit though, at least he can read and write write Chinese. Though it is interesting he only published the piece after leaving Shandong University for University of Hong Kong.

I looked again and again to see if it was a real article. It felt like a parody. Gosh... This is worse than 2 cups

 

[jwnz]

So China should continue allowing US business executives to work in China normally by sending data over to their HQs, such as data on energy consumption, industrial production, traffic near their offices? For some virtue signalling?

I was referring to assets of foreign companies in China, not the operations of the companies.

If required, operational restrictions can be imposed. But the important thing is NOT to nationalise assets. If the companies want to leave, they can sell their assets in China at market values.

 

[FairAndUnbiased]

I was referring to assets of foreign companies in China, not the operations of the companies.

If required, operational restrictions can be imposed. But the important thing is NOT to nationalise assets. If the companies want to leave, they can sell their assets in China at market values.

so during a conflict, like what happened to Russia, they can impose USD sanctions, making it impossible for US creditors to be repaid.

Should US creditors be allowed to repossess Chinese businesses that can't repay?

Is it theft if Chinese businesses do not repay the creditors due to being unable to access USD?

That's what they called Russia not paying back its Boeing and Airbus loans due to being unable to use USD and EUR - theft.

Foreign currency reserves are literally your country's property. Freezing or redirecting them is literal theft. Yet what happened with Russia and Afghanistan?

 

[Stierlitz]

https://twitter.com/i/web/status/1637005281577107457

https://twitter.com/i/web/status/1637006597997068290

 

[emblem21]

I think behind the scenes China has already written off assets in the US, and even in other Western countries.

Considering China has effective capital controls, I believe China does not need to and will not nationalise US assets in China, as a way to show the world that China is fair and respects commercial agreements, which would foster and attract more investments and business from other countries, isolating the US in the process.

As a dark take to this situation, I believe China one way or the other will eventually takes back those assets and then some in due time. I don’t believe China will allow those assets to escape from them for very long, it’s a long game and China has only gotten started and is rapidly gaining allies while working to combat the USA in a manner where all other options will be used before violence as a last resort. If the USA thinks they can escape the debt collector, well sooner or later he will be caught and forced one way or the other to cough it up