What is his motivation for this right now? Is it just the distraction of the week or was there a specific incident recently that triggered this?
US to ban transactions with ByteDance and WeChat in 45 days
201–210 of 1001 posts
Re: US to ban transactions with ByteDance and WeChat in 45 days
#202Earlier quoted context omitted.
Thats how world wars break out.
I might get downvoted for this but I think it's a very real possibility. Withdraw the embassy from Beijing, recognize Taiwan and force a embargo of all Taiwanese/Korean and Japanese semiconductor supplies and components to Mainland China. Then sit back and let China then make the first move. Might not work, but at this point I wouldn't put it past somebody in the White House having already gamed it. There has never b…
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Re: US to ban transactions with ByteDance and WeChat in 45 days
#203"Threat" aside, it does seem fair for the West to reciprocate bans on Google/Facebook etc, but not sure the best way to communicate with family in China now if the western messaging apps are banned there and vice versa
The family in China should contact their representative and ask them to unblock Signal, Telegram, or any other method of communication. If they care about their citizens abroad they will surely do so.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#204"Threat" aside, it does seem fair for the West to reciprocate bans on Google/Facebook etc, but not sure the best way to communicate with family in China now if the western messaging apps are banned there and vice versa
Have u tried connecting via a vpn ?
Re: US to ban transactions with ByteDance and WeChat in 45 days
#205Some people here are wondering about the implications of this. What this means IMO is that all Chinese investments in SV need to be liquidated at fire sale prices in the next 45 days. Regardless of how people here feel about China this is a huge escalation. The US is inflicting huge losses on Chinese companies for no clear violation of US laws on their part. The pandoras box is now open. Do countries get to do this t…
WAL-MART, Starbuck, Ford, General Motors, GE, Microsoft, Apple, Tesla, UnitedHealth, HP, IBM, JPMorgan, Pepsi, CocaCola... all these companies are easy targets of China. But the Chinese government is not likely to make any move unless really cornered.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#206What is his motivation for this right now? Is it just the distraction of the week or was there a specific incident recently that triggered this?
One factor is that China has had a Firewall blocking all foreign digital competitors and information sources for a long time.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#207Earlier quoted context omitted.
White House has clarified that this will not affect the mentioned gaming companies and other holdings. Only WeChat itself.
Thanks, where is the official source?
https://twitter.com/SamAugustDean/status/1291576813685108736 - There's been no official clarification, but an on-the-record confirmation from the WH via a LA Times reporter.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#208An important note that nobody seems to be reporting on: this is only possible because Apple and Google have control over which apps are permitted on your device. The US government has no legal authority to ban publishing (including apps) in the US. They do, however, have the ability to regulate trade between the operators of the App Store (Apple) and the Play Store (Google), and app publishers, which is what they're…
What if the app publishers stop taking payments and ads from the US, in that case there may not be no longer cash transactions, so will the restrictions apply?.
It's not about money, it's about the contract itself. US companies are legally (criminally) prohibited from legally (contract/civil) engaging with a whole designated list of people/entities (the SDN list), as well as an entire list of countries (DPRK, Cuba, et c).
I imagine such bans will carry similar force.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#209Earlier quoted context omitted.
It's pretty much impossible for lower-income countries to develop economically without protecting their emerging businesses from being slaughtered by established foreign competition. The priority of the Chinese government is the benefit of its citizens (leaving aside that the CCP doesn't consider ethnic minorities in China to be full citizens, as this is a separate issue) and its domestic economy, not the benefit of…
I would have agreed with you 20 years ago, but China is now the second largest economy in the world, and on track to becoming the largest. Combine that with its gross domestic human rights violations, censorship, IP theft, and expansionist foreign policy (looking at the South China Sea, NE India, SE Asia, Africa etc.), and they aren't getting any sympathy from me.
The Chinese government isn't made up of nice people by any stretch but it's vitally important to understand their position so as to avoid escalation, possibly into armed conflict in future decades.
They have every reason to view the survival of their tech sector as a vital economic security interest. Confiscating the value of their foreign tech assets without cause, or legitimate due process, will not make the Chinese change their behavior. It will only harden their position and make future conflict more likely because the US has demonstrated that it is not willing to respect the rule of law or act in good faith towards Chinese businesses.
Slow-walking into another cold war isn't in anyone's interest and the deplorable behavior of the Chinese government does not change this.
Re: US to ban transactions with ByteDance and WeChat in 45 days
#210Since TenCent is huge: >Video game companies owned by Tencent will NOT be affected by this executive order! >White House official confirmed to the LA Times that the EO only blocks transactions related to WeChat >So Riot Games (League of Legends), Epic Games (Fortnite), et al are safe https://twitter.com/samaugustdean/status/1291576813685108736 I guess Chinese users will resort to Chinese IP VPNs, there's already some…
I had no idea that Tencent had full ownership of Riot games. Same thing with 40% ownership of Epic Games. Wow!
Also some percentage of Discord.