Original producer of Dominion
The Founder Group, China Mobile, China Telecom, China Unicom, Huawei & ZTE are all deeply connected & owned by the Chinese government
https://threadreaderapp.com/thread/1329543057381888000.html
I posted earlier about having heard about a guy who bought a voting machine...
He was a Symantic employee named Brian Varner
https://www.youtube.com/watch?v=wmoxE1sJc1c
A lot of my online engagement is market driven. I follow the money. I’m constantly amazed how few people in the market bother to keep track of things that matter a lot in the “big picture”. One of those, obviously, is China, with a range of element in strategic competition unfolding now... from the South China Sea and Taiwan... to the election... Biden’s corruption re China is probably unique mostly in having been exposed. Lots of westerners hoping to get rich in China, and more than willing to sell us out to do that.
But among the various sources of friction... trade and “access” are the biggest issues, still.
On trade, everyone knows Trump has been giving China a hard time... but few people seem aware that the “hard time” Trump has been giving them has come paired with a SCHEDULE. They were supposed to fully live up to the terms of their last trade agreement with Trump... or suffer pain and reversals if they fail. No more pretending that everything is great... when China makes deals they don’t live up to. They aren’t living up to the deal, again, of course... and this time, when they don’t the tariffs will ramp up again... by a lot. The tariffs raised thus far don’t really disadvantage China at all... they only “level the playing field” a bit... they’re basically set at neutral right now.
But that changes AUTOMATICALLY in December, maybe the 14th ?
What a coincidence in timing ?
The other issue... “access”... is about a very little known element of China’s “miracle” economy: it is largely funded by the USA, in some part with China being granted money market access here in spite of their companies not being compliant with our rules for gaining that market access. The other aspect is that their economy is also largely dollar funded... and they need access to a steady flow of dollars just to keep it afloat.
That’s a bit that’s apparent in the link you provided... in relation to one company. Amplify that times... most of them ? China’s companies are deeply in debt... and reaching limits in their ability to keep things afloat. They won’t be able to sustain it if tariffs ramp up... or if access and dollar flows are restricted... but, tariffs, changes in access and money flows ? Stick a fork in them.
Pair up the automatic next leg higher in the tariff schedule (which China is on track to impose on themselves with non-compliance in their agreements, and which puts China at a disadvantage for the first time) with sudden restrictions being placed on access to U.S. markets, and limits being imposed on the dollar flows required to sustain their “miracle” ?
December is going to be interesting...