China's Peaceful Rise

[sunday]

Remarkable opinion. According to the author, it looks like China should not be interested in a war over Taiwan, as her financial muscle would be enough to peacefully attract Taiwan.

There is some speculation about how the Chinese financial sector is different from the Western one, or about the spending priorities of the US government.

https://simplicius76.substack.com/p/yellen-dispatched-to-beg-china-for

[Josh]

3 hours ago, sunday said:

Remarkable opinion. According to the author, it looks like China should not be interested in a war over Taiwan, as her financial muscle would be enough to peacefully attract Taiwan.

There is some speculation about how the Chinese financial sector is different from the Western one, or about the spending priorities of the US government.

https://simplicius76.substack.com/p/yellen-dispatched-to-beg-china-for

I can agree that the U.S. needlessly wasted a vast amount of resources on Afghanistan and Iraq. But idea that China is a benign country looking for partners seems rather ridiculous. As for Taiwan itself, the treatment Hong Kong forever closed the door to any peaceful reunification while current Chinese government survives.

[glenn239]

Apparently this has long been threatened by China, but until now rarely done.  

 

https://www.msn.com/en-ca/money/topstories/china-sanctions-2-u-s-defense-companies-and-says-they-support-arms-sales-to-taiwan/ar-BB1lrFGz?ocid=msedgdhp&pc=U531&cvid=2c085ca8d2e046b09ff73993e2936b2e&ei=12

China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary.

The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. It also bars the companies' management from entering the country.

[urbanoid]

19 hours ago, glenn239 said:

Apparently this has long been threatened by China, but until now rarely done.  

 

https://www.msn.com/en-ca/money/topstories/china-sanctions-2-u-s-defense-companies-and-says-they-support-arms-sales-to-taiwan/ar-BB1lrFGz?ocid=msedgdhp&pc=U531&cvid=2c085ca8d2e046b09ff73993e2936b2e&ei=12

China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary.

The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. It also bars the companies' management from entering the country.

The single most ridiculous thing here is that General Atomics and GDLS had assets in China in the first place.

[glenn239]

Yellen gets another answer from Beijing,

https://www.msn.com/en-ca/money/topstories/china-tells-telecom-firms-to-phase-out-foreign-chips-in-blow-to-intel-amd-wsj/ar-BB1lvgWG?ocid=msedgdhp&pc=U531&cvid=c3c26a366b5743c682484bd3fb972448&ei=12

Chinese officials directed the country's largest telecom carriers earlier this year to phase out foreign chips that are key to their networks by 2027, the Wall Street Journal reported on Friday, citing people familiar with the development.

The move would impact U.S. chip giants Intel and Advanced Micro Devices, according to the report. Their shares were down more than 1.5% in premarket trading.

[Roman Alymov]

 

[seahawk]

Yes, America has weakened it's strategic position by involving itself in the Ukraine, a country that has no value for America.

[Josh]

2 hours ago, seahawk said:

Yes, America has weakened it's strategic position by involving itself in the Ukraine, a country that has no value for America.

I did not watch the video; I prefer written content, but to address your comment almost nothing given to Ukraine matters at all in the Pacific. The one major exception I can think of is MIM-missiles, although I question their survival rate anyway. In the meantime, the U.S. is burning through its other peer competitor’s equipment and ammunition for pennies on the dollar. A number of estimates indicate Russia will run out of some types of Soviet vehicle reserves to refurbish within a couple years.

[Josh]

This BI article  claims 300 million Chinese workers will pass retirement age in the next decade.

 

https://www.businessinsider.com/china-economy-retirement-crisis-pensions-aging-population-social-security-workforce-2024-5?amp

[glenn239]

That's part of the reason why China is going full tilt on robotic technologies I think.

[Josh]

5 hours ago, glenn239 said:

That's part of the reason why China is going full tilt on robotic technologies I think.

No doubt. The question is whether they will automate sufficiently in time to meet the shortfall.

Edited Thursday at 06:33 PM by Josh

[Josh]

Several different estimates of PRC COVID fatalities peg their estimates at 1.5-3.5 million, will ~2 million being the most often repeated number.

https://www.forbes.com/sites/georgecalhoun/2024/05/12/the-missing-factor-in-explanations-of-chinas-economic-distress-covid---part-2-estimating-the-true-death-toll/?sh=a1681877d073