Earlier quoted context omitted.
If the US recognizes Taiwan, doesn't that make even less sense? On the one hand you're saying that Taiwan is sovereign, on the other hand you're saying, we the US call the shots.
Well because US doesn't need to call the shots. Apparently Taiwan is drafting a legislation to officially admit defeat and they no longer calm mainland being their territory. And calling itself Taiwan, a competely separate nation.
TSMC halts new Huawei orders after US tightens restrictions
221–230 of 230 posts
Re: TSMC halts new Huawei orders after US tightens restrictions
#222To preface, firstly - I am a supporter of free global trade and greater collaboration between countries to maximize the benefit of each other. The problem starts when there is a massive asymmetry in the trade. China has completely blocked US services from Google to Uber, and gladly accepts manufacturing investment - Tesla Shanghai factory, Intel's Chengdu factory, etc. because the CCP knows that they will gain tremen…
> It leaks like a sieve. I've seen it first hand (in semiconductor industry). There is this thing called knowledge transfer, and you do this when you change jobs. Are you suggesting that the employee work in the same company indefinitely? > well...then the US should block all Chinese services from exploiting users[1] and their data Which is exactly what China is doing to you.
Re: TSMC halts new Huawei orders after US tightens restrictions
#223Earlier quoted context omitted.
This approach will only have impact in short term. You can be sure that TSMC is working behind the scene to create a legal entity to work around this legislation and get one of its main customers back. There's just 2 potential outcomes: - TSMC having found a way to workaround that restrictions and gaining back Huwaeï - China being forced to quickly gain the same level of expertise In both situation the outcome is eve…
Total commoditization of the chip making process spread across borders. That greatly reduces the drive for China to invest in the technology, thus removing a handle on the global economy.
Re: TSMC halts new Huawei orders after US tightens restrictions
#224To preface, firstly - I am a supporter of free global trade and greater collaboration between countries to maximize the benefit of each other. The problem starts when there is a massive asymmetry in the trade. China has completely blocked US services from Google to Uber, and gladly accepts manufacturing investment - Tesla Shanghai factory, Intel's Chengdu factory, etc. because the CCP knows that they will gain tremen…
What is more important to me, is 9-9-6, ecology, and the culture China tries to bring to the modern world. We have some rights for the middle class in both US and Europe. It's not perfect but it's so much better comparing even to 50 years ago, don't even try to compare now and 150 years ago. China is a treat to this lifestyle. It pushes us centuries back where regular people are just a source for monsters like Tencen…
China has experienced grinding poverty for over a century, and have its work ethic to thank for pulling it out. 996 is enabled because of that history, rather than being a control plot. Even school kids have that kind of schedule.
Chinese people are very focused on the lower tiers of Maslow's hierarchy, and survival of the family is somewhat on the line if one of your only grandchildren is female and isn't married at 30. That's her life you say? Equally the parents can feel like all their sacrifices were for naught.
It's getting a bit tangential but the pattern in all societies is that women have the choice in mates and men have to be more willing to look abroad. So any racist sentiments would judge women harsher.
Regarding your other points, China has been much better about including minorities in its country than the West. It has furthered environmental controls vs. Trump reversing them, and most of the greening in the last decade occurred in China (and India). It has sensible universal healthcare and supported its citizens during Covid-19, unlike the US which passed legislation that supports big business, letting small ones fail and charging its own citizens for evacuation flights.
Anyway, the point is that once we understand the history we need not paint China as the malevolent entity that is common in media.
Re: TSMC halts new Huawei orders after US tightens restrictions
#225To preface, firstly - I am a supporter of free global trade and greater collaboration between countries to maximize the benefit of each other. The problem starts when there is a massive asymmetry in the trade. China has completely blocked US services from Google to Uber, and gladly accepts manufacturing investment - Tesla Shanghai factory, Intel's Chengdu factory, etc. because the CCP knows that they will gain tremen…
Up until a few years ago, there was a massive asymmetry, but in the opposite sense to the asymmetry that Americans usually complain about. Because China was a developing country with very little capital but a huge labor pool, there were huge investment inflows into China. Western companies took advantage of cheap labor in China, setting up factories to produce for Western consumers. Chinese consumers were almost completely out of the picture. China did not have the capital to invest in foreign countries, so the investment was almost entirely unidirectional.
That began to change as China's workers began to earn more, and Western companies jumped into the Chinese consumer market (Starbucks has thousands of locations in China, VW sells millions of cars in China a year, and so on for countless Western companies). Whereas you would see almost no Chinese brands in Western consumer markets, the Chinese market was awash with Western brands.
Now, Chinese brands are starting to enter Western markets, and China also has capital to invest abroad. The relationship is becoming more bidirectional. To the United States, which was happy to exploit cheap Chinese labor and to sell airplanes to the Chinese market, the idea that China might be transforming into a serious economic and political competitor is alarming. That's why there are suddenly these myopic complaints about the relationship being one-sided.
> China has completely blocked US services from Google to Uber
Google is blocked in China for political reasons. Uber was allowed, and indeed operated in the Chinese market for a number of years. It failed there, because there was strong competition from companies that understood the local market and local consumer preferences better. Let me ask a simple question to test if the relationship really is asymmetric, and in which direction the asymmetry points: Do Chinese brands have a larger presence in the US than American brands have in China?
Re: TSMC halts new Huawei orders after US tightens restrictions
#226Earlier quoted context omitted.
Wait a minute... You're pretending like trade is only "fair" if selling happens in both directions. Doesn't that fly directly in the face of what trade means? You buy something, but you get value in return. That's why it's not called "donation". If the thing you bought is not valuable to you then why did you buy it in the first place? Also, there is all this talk about "forced" tech transfers, but nobody forced US co…
> Wait a minute... You're pretending like trade is only "fair" if selling happens in both directions. Doesn't that fly directly in the face of what trade means? I am confused by your question. How is this relevant to anti-competitive behavior of the CCP? > You buy something, but you get value in return. That's why it's not called "donation". If the thing you bought is not valuable to you then why did you buy it in th…
We recognize that "fairness" in boxing and other sports requires things like weight classes. The same goes for trade between countries at very different levels of economic development. Developed, undeveloped and developing countries should not have identical policies. Most countries that are developed today got to where they are using protectionist policies.
Ha-Joon Chang explains his views in this talk: https://youtu.be/T5-ojv5-b3U
Re: TSMC halts new Huawei orders after US tightens restrictions
#227Earlier quoted context omitted.
I agree with the abstract idea of fairness, having rules, etc. But the devil lies in the implementation. A dogmatic free trade order mainly benefits the establishment: the western powers. If China adopts free trade principles in a dogmatic manner then they will be tremendously hurt by it. And it's not like the US plays very fair either: the US outright rejects a lot of international rules. For example there is a US l…
> I agree with the abstract idea of fairness, having rules, etc. But the devil lies in the implementation. Particularly around IP law, which is what China is most flagrant about ignoring. Nothing in IP law comes from any sense natural principle. It is all arbitrary judgements. It makes sense for America to claim IP is important since they own most of it, but it is wise for China to ignore their arguments as far as th…
As you say, countries without IP have an interest in having weak IP enforcement, but China has significant IP now, and is enforcing IP rights (not just of Chinese firms, but also of foreign firms) much more rigorously than before.
Re: TSMC halts new Huawei orders after US tightens restrictions
#228Earlier quoted context omitted.
> It leaks like a sieve. I've seen it first hand (in semiconductor industry). There is this thing called knowledge transfer, and you do this when you change jobs. Are you suggesting that the employee work in the same company indefinitely? > well...then the US should block all Chinese services from exploiting users[1] and their data Which is exactly what China is doing to you.
The US requires due process where companies like Apple can (and do) fight the government in court where a judge must decide whether the request is lawful/constitutional. Can the same be said for the CCP? And even if such a court exists in the CCP, if a company did fight a data request from the CCP, would the executives then "disappear" never to be seen again or perhaps disappear and then show up months later apologiz…
A secret court issued nearly 100% of requested warrants. Some of the warrants that have come to light were blatantly unconstitutional, but because the entire system was hidden from the public, nobody could complain. Even now, legally challenging this surveillance is almost impossible, because nobody can prove standing - the list of surveillance targets is secret after all.
The very existence of this system was secret. It wasn't democratically legitimized. Nobody voted for the system, and the voters were kept in the dark about the system's existence.
This isn't to say that China and the US are identical. They're bad in different ways. You'll be spied on in both countries, but you have legal avenues to protect yourself from imprisonment/etc. in the US. Then again, China doesn't drone strike its own citizens abroad, as far as we know.
Re: TSMC halts new Huawei orders after US tightens restrictions
#229To preface, firstly - I am a supporter of free global trade and greater collaboration between countries to maximize the benefit of each other. The problem starts when there is a massive asymmetry in the trade. China has completely blocked US services from Google to Uber, and gladly accepts manufacturing investment - Tesla Shanghai factory, Intel's Chengdu factory, etc. because the CCP knows that they will gain tremen…
> The problem starts when there is a massive asymmetry in the trade. Up until a few years ago, there was a massive asymmetry, but in the opposite sense to the asymmetry that Americans usually complain about. Because China was a developing country with very little capital but a huge labor pool, there were huge investment inflows into China. Western companies took advantage of cheap labor in China, setting up factories…
Re: TSMC halts new Huawei orders after US tightens restrictions
#230Earlier quoted context omitted.
> The problem starts when there is a massive asymmetry in the trade. Up until a few years ago, there was a massive asymmetry, but in the opposite sense to the asymmetry that Americans usually complain about. Because China was a developing country with very little capital but a huge labor pool, there were huge investment inflows into China. Western companies took advantage of cheap labor in China, setting up factories…
You've made some good points but what about the fact that everything in my living room, I mean everything from the paint on the wall to the keys on my Macbook - everything is made in China. I say that influence is of material value (goods) whereas Starbucks entering the Chinese market seems like a distraction.
I find it pretty difficult to blame China for this "asymmetry in trade," when that asymmetry was exactly what foreign governments wanted. They wanted China to open up its labor market, so that foreign companies could exploit cheap labor in China. The consumer market in China was tiny, whereas the American and European consumer markets were huge, so the relationship could not be symmetric.
Now, China's consumer market is actually quite large, and foreign companies play a huge role in that market. I didn't just mention Starbucks. I also mentioned VW, but I could equally have mentioned Boeing, Apple, Intel, Qualcomm or Micron. You'll notice a trend here: the US exports high-value-added products to China (including IP licenses and services). Most of what you have in your living room that's actually manufactured in China is lower on the value chain.
Over time, in other words, the US trade relationship with China is becoming more symmetric. Huawei's development into high-value-added products is a sign of that. It's actually this symmetry that the United States wants to avoid, because it means China becoming a peer-level competitor.
The US trade relationship with China will never become fully symmetric, though, because the US runs a net trade deficit with the rest of the world, for reasons that appear to me to have to do with the United States' unique financial position in the world.