If the surname is Tan, 99% her origin is either from Singapore or Malaysia.
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- Thread starter bd popeye
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The Dutch have zero say in this, it's all American neocon policy makers.
Restricting chips to China is classic American short term thinking. We're only a few years away from seeing 100% Chinese made silicon, an embargo is only going to accelerate market forces to getting to that point.
The smarter thing to do would be to flood the Chinese market. They get to make some money while they still can and it would stifle domestic development.
As I've said before, a wide trade deficit between China and the west hurts both sides. If China isn't importing enough from the west it'll be very likely we see a decoupling induced by China.
The US complains about China buying land, realstate, chips, tech, oil, etc... There is really nothing to buy except "food" , but whats the point of having any dependency to US? Better to buy and help other suppliers from around the world vs a sanction happy state.
America certainly doesn't complain about Chinese buying anything American. A few politicians do, for political points. If Americans weren't happy with Chinese buying American oil they wouldn't be selling it in the first place.
I still think there will be trade between America and China, albeit significantly reduced. Americans have a lot of land therefore lots of resources. It's Europe that is going to be hit hardest by decoupling. It'll be a repeat of British-Chinese relations prior to the Opium wars..
The main risk of cutting off the West is that China's own population doesn't consume enough to power its powerful industrial machine. This was a deliberate policy decision and a cultural phenomenon as much of the "extra" money in China went to building infrastructure & real estate, rather than into consumers' spending.
Fortunately, China isn't a market capitalist country, so it can find other ways to make returns on its industrial investments. That is to say, the Chinese government can direct industrial production into productive areas even without consumer demand. Of course, long-term you still want to be making money off of these returns so finding a consumer base is still important. The Global South has great potential in this regard, since China's own population & consumer base is declining.
The west are only consumers if they've got something other than cash to pay for what they buy. If all they have to offer is paper money, they're freeloaders. Especially since all those dollars and holdings in the west are going to be seized or sanctioned sooner or later.
For now, the Chinese consumer is content buying western cars, phones (mostly still made in China but that's another point). What happens when the average Chinese person is no longer infatuated with western branded products, and starts to view domestically made products as superior - as happened in Japan and Korea?
You're right it's going to lead to a significant restructuring of Chinese industry and the global economy as a whole. But I think that's going to happen eventually, how many sweatshops do you see today in Korea or Japan?
Like the Chinese emperor told the British a few centuries ago, we're glad you like our tea, but we only accept gold or silver as payment. History is going to repeat itself, except this time, the opium is flowing the other way...
supercat
Colonel
This is 2023, yet WSJ would publish such an absurd "opinion piece". This demonstrates two points unequivocally: 1. in order to maintain its readership and market share, WSJ, like other Western MSM, will keep its Western readers indulged in the fantasy that "China will never catch up with us ever" at all costs. 2. Both the author of that piece and the editors are ignorant idiots.
solarz
Brigadier
I can understand that you feel upset about the headline and wish to share it with the forum, but really these kinds of articles are a dime a dozen, and they're certainly not newsworthy.
Perhaps we could all learn to simply ignore them and post some articles that are more worthy of attention?
Simone Gao is nothing but scorned lover who is on a mission to discredit, destroy her ex lover. She used to apparently worked for CCTV as a business reporter until she pursued her dream of working in the U.S. for the U.S. deep state in the pursuit of truth, justice, and the American way.
Big whoop. This lady is high on delusions.
Big whoop. This lady is high on delusions.