US steps up efforts to limit China’s control of critical minerals

Re:US steps up efforts to limit China’s control of critical ... by avocado4 on Monday September 30, 2019 @12:55AM (#21111884)

If China stops harvesting organs from Uyghurs, harassing foreign companies with arbitrary law enforcement, dumping fentanyl in Europe and the US, blocking foreign online services, manipulating currency, stealing IP, building out Orwellian monitoring infrastructure at home and abroad, forcing joint ventures, waging cyber attacks against every other nation, murdering families of reporters, dumping trash in the oceans, building fake islands in neighbors' territory, cheating in every agreement it signs on to, and giving speeches about literal ethnic supremacy of Han race during politburo meetings, it would be a good start for integrating with the rest of the global community peacefully. Until then it makes sense to use multilateral economic pressure from global community on the CPC. And no, "what about Murica bad" is not a valid way to address any of the mentioned concerns. Those are global problems, not US problems. Nobody wants to go back to mercantilism from 1800s.

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Re:US steps up efforts to limit China’s control of critical ... by dang on Monday September 30, 2019 @01:42AM (#21112062)

Please don't take HN threads further into nationalistic flamewar. They're all the same, all wretched, and all break the site guidelines.

https://news.ycombinator.com/newsguidelines.html

Edit: we've had to ask you this several times before, and several times before that with a previous account. Would you please stop doing this so we don't have to ban you? (No, we're not secretly communists or spies, and yes, someone doing this with opposite politics would get moderated the same way.)

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Re:US steps up efforts to limit China’s control of critical ... by thelittleone on Monday September 30, 2019 @01:10AM (#21111947)

I've been doing business in China for over 20 years as an Asia Pacific leader in cyber consulting. HQ in the US always pushed hard to take market share in China. These execs are like deers blinded by headlights. The actual market in China for foreign companies is miniscule. In my experience and anecdotally from all my peers in non cyber firms, China is a huge time, money, energy time sink and ethical / compliance minefield. Although we did succeed with very large deal with a GSIB Bank the project ended up being negative margin due to outrageous complications. On several occasions I had to pull consultants off client site due to verbal abuse and profanity from the client. In another instance I was literally offered to win a client deal if a certain red Porsche was magically delivered in his wives name. It's the wild wild East.

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Re:US steps up efforts to limit China’s control of critical ... by baybal2 on Monday September 30, 2019 @03:52AM (#21112708)

> if a certain red Porsche was magically delivered in his wives name. It's the wild wild East.

Welcome to China :)

The art of finding a good client in China is all about finding what is in his head.

It's all true that people who earn to be party officials, don't make good company execs, as they try to run companies like their party committees.

If the guy is 50+ he is just a lost cause most of the time

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Re:US steps up efforts to limit China’s control of critical ... by DiogenesKynikos on Monday September 30, 2019 @02:49AM (#21112360)

> The actual market in China for foreign companies is miniscule.

That's simply not true. China is a massive market for a huge number of foreign firms. VW has the largest share of the Chinese auto market. Starbucks has thousands of stores in China. Chinese supermarkets are filled with Western brands you'd recognize. I'm not just cherry-picking examples here: you could go sector by sector in the Chinese economy and see massive foreign investment in many of them.

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Re:US steps up efforts to limit China’s control of critical ... by thelittleone on Monday September 30, 2019 @05:37AM (#21113255)

Thanks for that info I’m not familiar with non tech based firm performance and I should have been more specific.

For Tech, the % gap between real and perceived opportunity is far wider than any other country in Asia Pacific.

Note that I worked for NASDAQ listed companies with Sarbanes Oxley compliance requirements. A large % of opportunities outright non-compliant (e.g., wanting a Porsche).

Another frequent client requirement was warranty terms on consulting engagements. That might expire 12-24 months after service completion. So you can’t recognise revenue until then.

And finally a signed SOW and terms carries some legal gravity in countries outside China. Scope creep is a huge problem in China, good luck with change requests or referring them to the SOW.

Total opportunities - non compliant deals - delayed revrec deals (or similar issues) - scope creep = minuscule %.

Also I’d argue that revenue and EBIT are better indicators of actual opportunity than total foreign investment.

In firms like mine, China is a “strategic market” where investments are being made because these conditions may change one day. If your competitor is present when that happens and you are not, then HQ will think you failed.

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[dead]

Re:US steps up efforts to limit China’s control of critical ... by dang on Monday September 30, 2019 @01:42AM (#21112060)

Please don't take HN threads further into nationalistic flamewar. They're all the same, all wretched, and all break the site guidelines.

https://news.ycombinator.com/newsguidelines.html

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Re:US steps up efforts to limit China’s control of critical ... by throwaway2048 on Monday September 30, 2019 @01:40AM (#21112050)

https://chinatribunal.com/final-judgement-report/

Tell us more about how Chinese organ harvesting from Falun Gong and undesirable ethnic minorities is fiction.

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Re:US steps up efforts to limit China’s control of critical ... by avocado4 on Monday September 30, 2019 @02:07AM (#21112178)

https://www.businessinsider.com/china-harvesting-organs-of-u...

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