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US to ban transactions with ByteDance and WeChat in 45 days

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Re: US to ban transactions with ByteDance and WeChat in 45 days

#711
post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

[deleted]

Re: US to ban transactions with ByteDance and WeChat in 45 days

#713
post #547

Earlier quoted context omitted.

a.) They could buy from Airbus b.) https://de.wikipedia.org/wiki/Commercial_Aircraft_Corporatio...

a) Fair enough. But I reserve some doubts it will be that easy. If it gets to the point that China bans Boeing, I'm convinced many EU companies would also be in the firing line of US sanction regulators and China. b) Cormac cannot even produce jet engines after 25+ years of state backed R&D.

"China does not have the capacity to build a jet engine yet alone a commercial plane in service."

My point was that they are building a commercial plane (not with Chinese fans yet), as your usage of "yet alone" expressed some kind of dependency or sequence, at least to my non native speaking ears.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#714
post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

All this is leading me to have a stronger belief in Nassim Taleb's "The Most Intolerant Wins" theory[1]. Though, in this case there is no minority as such. China was intolerant to the US's ideology and exploited its openness for its own benefit. Now, unfortunately, it has come to a point where even US has to be intolerant like China to be able to get back at it. Thoughts?

[1] https://nassimtaleb.org/2016/08/intolerant-wins-dictatorship...

Re: US to ban transactions with ByteDance and WeChat in 45 days

#715
post #694

Earlier quoted context omitted.

> We should outright ban any goods or technology that originates in China If we were to start that ban many of Walmart's non-grocery (and some groceries) shelves would be empty for considerable time. I'm unsure there even are alternatives that can meet US demand for everything China provides.

> If we were to start that ban many of Walmart's non-grocery (and some groceries) shelves would be empty for considerable time. I always point out the price difference for the two models of the Purism Librem 5 phone. One model is manufactured traditionally and costs $749. The other model is manufactured in the USA and costs $1999. Americans talk about bringing manufacturing back to the country, but I'm not sure anyon…

It doesn’t have to be manufactured in the US. It just can’t be from a country with such horribly lopsided market policies.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#716
post #697

Earlier quoted context omitted.

But seen from Europe, your 'western world' = mainly USA ... which "existing western chat and social media" aren't from the US ?

kik is from Canada, but I couldn't find a European example I would consider popular.

Viber

Re: US to ban transactions with ByteDance and WeChat in 45 days

#717
post #704
post #693

Earlier quoted context omitted.

China has not forcefully seized foreign company's promising assets so good so it's impossible to consider for sale, by both a measly 'offer' of maybe 1/10, or less, of the market value and threatening from the leader, has it?

They haven’t directly done that, but what they have done is force American companies to form joint ventures with a Chinese company in order to operate in China. This requires the American company to hand over intellectual property and trade secrets. And then, amazingly, some state funded competitor comes along doing the same thing the American company wants to do. Would a Chinese company have this same problem enteri…

No one is forcing companies to do joint ventures. These companies have the option to refuse and not operate in China. Are countries not allowed to impose restrictions on foreign companies?

Re: US to ban transactions with ByteDance and WeChat in 45 days

#718

Earlier quoted context omitted.

Isn't this just reciprocity? China banned a long list of media companies: FB, Google, YouTube, Twitter, Netflix, and every traditional media. Now the US is banning two apps made in China.

Did China ban them? I thought they refused to follow China’s censorship laws? Skype is available in a China.

Well, they have a national firewall that blocks connections to them, so I'd consider that banning.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#719
I feel like the underlying third variable in this whole thread rests in the question, "Have you or your company ever accepted or considered Chinese investment?"

I would absolutely love to know how many of these folks saying "We need to uphold Western open values and not reciprocally punish" have business entanglements with Chinese funds.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#720
post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

I think China already promised that one or two years ago during the trade war with US but nothing major has come of it. I doubt China would follow through because it can have potential consequence in their censorships rules.

I guess eventually all other countries would resort to having laws specific to handling Chinese companies and all laws common for companies of all other countries.

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