So their credit rating is now the same as China and Japan and Saudi Arabia
European Economics Thread
- Thread starter PiSigma
- Start date
Anything noteworthy or all just a bunch of slop?
I assume it's just a bunch of lawfare garbage. What I really mean is whether the EU really has tools that will be effective against China or if we'll start seeing an EU tone change once their auto lines start shutting down from end of this week onward.
Maybe they should. It's clear that some EU countries intend to act as an attacking hand of US trade/tech war policy against China.
These people are dumb as hell. Especially that CSIS report linked in the article.
I would say the only real chokepoint is civilian airliners. They want to do the same stich they did to Russia, but this time to China.
China could just unleash its industry to clone all the consumables and parts of planes that wear out. Iran, of all countries, already cloned the CFM56 engine. The Chinese WS-10 is also based on the CFM56. I think the Europeons are overplaying their hand here. If China can maintain the hardest part which is the engine the rest will be a piece of cake.
China can simply counter such sanctions by choking the West out of titanium. It can be as simple as forbidding the export of unfinished titanium sponge and metal or scraps.
China can nationalize the Airbus factories and maintenance centers within China. This would be simple to justify legally. Just slap Airbus and CFM with a huge damages fee for not maintaining Chinese aircraft and confiscate Airbus and CFM facilities in China as compensation.
Their argument about the epoxy resins is idiotic. I know Russia makes better resins than the West do. The Soviets were also pioneers in composites, the Ruslan uses them, the Russians kept and improved the technology, it is just their industrial output is limited due to a lack of market.
As for large stationary gas turbines, the Chinese government could counter by speeding up construction of nuclear power plants and turn back on some of the mothballed coal power plants. They can also build more battery storage to cover peaking demands. These people are also so poorly informed they think the highest power Chinese stationary gas turbine is 50MW in power.
As for ball bearings sure the quality of Chinese substitutes would initially suffer, but so what. If the Chinese replaced ballpoints in pens they can replace balls in bearings.
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Wow Europeans must really hate Europeans
Their ideas can basically be summerized as "I will kill myself so that it might slow them down"