Trade War with China

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now noticed the tweet
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A total of 54,703 new overseas-funded companies were established in Chinese mainland during the first 11 months of 2018, up 77.5 percent year-on-year, the Ministry of Commerce (MOFCOM) said Thursday

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now I read
China takes coercive measures against two Canadians: FM spokesperson
Xinhua| 2018-12-13 23:16:10
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Coercive measures have been taken against two Canadians on suspicion of jeopardizing China's national security, Chinese Foreign Ministry spokesperson Lu Kang said Thursday.

According to China's Criminal Law and the Criminal Procedure Law, the Beijing Municipal Bureau of State Security and the state security bureau in the northeastern Chinese city of Dandong in Liaoning Province respectively took coercive measures against the two people according to the law on Dec. 10, Lu said.

"According to what I know, the Beijing Municipal Bureau of State Security and Liaoning Provincial Bureau of State Security have notified the Canadian Embassy in Beijing," Lu said. "The two persons' lawful rights have been guaranteed."

Lu said China has always maintained a positive and open attitude while communicating with the outside world.

"China welcomes foreign tourists and citizens to travel to China to carry out normal friendly exchanges, including doing business and studying," he said. "As long as they abide by Chinese laws and regulations, there is actually nothing to worry about."

From January to November 2018, Canadians made 780,000 visits to China, said Lu, adding that this figure is much higher than the number of Chinese citizens visiting Canada during the same period.

Lu said the figures are partly indicative. "Whether China is safe or not, the people of Canada can make their own judgment."
 
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"After Huawei arrest, has Canada lost its sense of justice?

On December 13, The Globe and Mail published a signed article by Ambassador Lu Shaye titled "Aftter Huawei arrest, has Canada lost its sense of justice?" Here is the full text:

After the groundless detention of Meng Wanzhou, the CFO of
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Company Ltd., by the Canadian side at the request of the United States, a lot of comments emerged in Canadian media. We are gratified to see that many Canadian people were imbued with a sense of justice, criticizing the Canadian government for its unreasonable behaviour. However, some have defended Canada's actions, largely arguing that either Huawei poses threats to national security of Western countries or that Canada has an independent judicial system that should be completely independent from any political interference of the government.

Huawei, with many partners around the world, has a great reputation globally. It has publicly stated, on many occasions, that its global operations are in strict compliance with local laws and regulations. Nevertheless, members of the Five Eyes countries – the United States, Britain, Australia, New Zealand and Canada – have accused Huawei of threatening their national security while providing no evidence. With such speculation, they have sown fear and misled people. If Huawei's telecom equipment poses a security risk, so do the devices produced by Western telecom equipment manufacturers, since they use the same science and technology. To find out who poses the biggest threat to the security of other countries, please refer to the United States' PRISM program. Those who criticize China's Huawei should exam themselves in the mirror.

It all comes down to the fact that many still have a stale cold-war mentality, believing that China – a socialist country led by the Communist Party of China – is an abnormal country. They are worried that China is catching up to Western countries too quickly, and that it will surpass them in terms of the economy as well as science and technology. That's why they crack down on Chinese enterprises and impede China's development under the pretext of national security.

The detention of Ms. Meng is not a mere judicial case, but a premeditated political action in which the United States wields its regime power to witch-hunt a Chinese high-tech company out of political consideration. The so-called long-arm jurisdiction of the United States, however, has no legal basis in international law. The reason behind all the bullying behaviours of the United States is that it pursues power politics against other countries relying on its huge advantage in national strength. Just imagine how the United States would react if an American company suffered from such unfair treatment in a foreign country.

The Canadian side detained Ms. Meng in an unreasonable way given she has not received any charges according to Canadian laws, which is clearly not judicial independence but a miscarriage of justice. While Canada has continued to stress its judicial independence, did it insist on that independence when facing the United State's unreasonable request? The Canadian side has not made its judgement independently, otherwise it would not have arrested Ms. Meng. The Canadian government has asserted that it was fulfilling the international obligation to the United States, but did it fulfill the international obligation of protecting the lawful and legitimate rights and interests of a Chinese citizen? Ms. Meng was abrasively arrested just as she transferred at the Vancouver International Airport.

Those who accuse China of detaining some person in retaliation for the arrest of Ms. Meng should first reflect on the actions of the Canadian side. It is both ignominious and hypocritical to revile China with double standards.

As a Canadian reader of The Globe and Mail wrote: "I am ashamed our government would participate in the kidnap and ransom of a leader of a foreign company." In the past few days, many Canadians have made phone calls to the Chinese Embassy or posted their views online, expressing their indignation at the unfair treatment of Huawei, especially at the detention of Ms. Meng by Canadians.

The Chinese people used to have a favourable impression of Canada. But Canada's behaviour this time has chilled their feelings."

it's
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localizer

Colonel
Registered Member
I'm starting to get some weird vibes from the current situation.

WIll China reject a deal just to tank the US economy? The economic situation is fragile as hell and a full on trade war is all it takes to destroy like 50%+ of the economy possibly.
 

Tam

Brigadier
Registered Member
I'm starting to get some weird vibes from the current situation.

WIll China reject a deal just to tank the US economy? The economic situation is fragile as hell and a full on trade war is all it takes to destroy like 50%+ of the economy possibly.

I don't think so. I don't think Trump can afford to pass up a deal either. He desperately needs a victory, much more than Xi, as Trump gets increasingly circled and isolated.

The US is headed to a recession anyway, and with so much debt overhang, this one may get very nasty.
 

Tam

Brigadier
Registered Member
now I read in Facebook
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"After Huawei arrest, has Canada lost its sense of justice?

On December 13, The Globe and Mail published a signed article by Ambassador Lu Shaye titled "Aftter Huawei arrest, has Canada lost its sense of justice?" Here is the full text:

After the groundless detention of Meng Wanzhou, the CFO of
Please, Log in or Register to view URLs content!
Company Ltd., by the Canadian side at the request of the United States, a lot of comments emerged in Canadian media. We are gratified to see that many Canadian people were imbued with a sense of justice, criticizing the Canadian government for its unreasonable behaviour. However, some have defended Canada's actions, largely arguing that either Huawei poses threats to national security of Western countries or that Canada has an independent judicial system that should be completely independent from any political interference of the government.

Huawei, with many partners around the world, has a great reputation globally. It has publicly stated, on many occasions, that its global operations are in strict compliance with local laws and regulations. Nevertheless, members of the Five Eyes countries – the United States, Britain, Australia, New Zealand and Canada – have accused Huawei of threatening their national security while providing no evidence. With such speculation, they have sown fear and misled people. If Huawei's telecom equipment poses a security risk, so do the devices produced by Western telecom equipment manufacturers, since they use the same science and technology. To find out who poses the biggest threat to the security of other countries, please refer to the United States' PRISM program. Those who criticize China's Huawei should exam themselves in the mirror.

It all comes down to the fact that many still have a stale cold-war mentality, believing that China – a socialist country led by the Communist Party of China – is an abnormal country. They are worried that China is catching up to Western countries too quickly, and that it will surpass them in terms of the economy as well as science and technology. That's why they crack down on Chinese enterprises and impede China's development under the pretext of national security.

The detention of Ms. Meng is not a mere judicial case, but a premeditated political action in which the United States wields its regime power to witch-hunt a Chinese high-tech company out of political consideration. The so-called long-arm jurisdiction of the United States, however, has no legal basis in international law. The reason behind all the bullying behaviours of the United States is that it pursues power politics against other countries relying on its huge advantage in national strength. Just imagine how the United States would react if an American company suffered from such unfair treatment in a foreign country.

The Canadian side detained Ms. Meng in an unreasonable way given she has not received any charges according to Canadian laws, which is clearly not judicial independence but a miscarriage of justice. While Canada has continued to stress its judicial independence, did it insist on that independence when facing the United State's unreasonable request? The Canadian side has not made its judgement independently, otherwise it would not have arrested Ms. Meng. The Canadian government has asserted that it was fulfilling the international obligation to the United States, but did it fulfill the international obligation of protecting the lawful and legitimate rights and interests of a Chinese citizen? Ms. Meng was abrasively arrested just as she transferred at the Vancouver International Airport.

Those who accuse China of detaining some person in retaliation for the arrest of Ms. Meng should first reflect on the actions of the Canadian side. It is both ignominious and hypocritical to revile China with double standards.

As a Canadian reader of The Globe and Mail wrote: "I am ashamed our government would participate in the kidnap and ransom of a leader of a foreign company." In the past few days, many Canadians have made phone calls to the Chinese Embassy or posted their views online, expressing their indignation at the unfair treatment of Huawei, especially at the detention of Ms. Meng by Canadians.

The Chinese people used to have a favourable impression of Canada. But Canada's behaviour this time has chilled their feelings."

it's
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Watch carefully the prices of Vancouver, Toronto and other Canadian real estate. The bubble is ready to burst.
 

gelgoog

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The people who produce oil from tar sands in Alberta, Canada, are starting to go belly up.
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US shale oil producers might be next. The guys who own the refineries are making all the money. This might get to Standard Oil 2.0.
 
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