Re:Liz Truss urges world leaders to follow UK with trickle d...
by throwoutway on Wednesday September 21, 2022 @06:53AM
(#32923244)
While im no fan of Saudi Arabia, I wouldn’t go calling this pandering. China has long considered the West an enemy, and has been an abusive trading partner. It’s high time the UK stands up for itself.
Re:Liz Truss urges world leaders to follow UK with trickle d...
by hunglee2 on Wednesday September 21, 2022 @07:09AM
(#32923367)
this is projection - the hostility is pretty much one way from West to East. You can even see when the mood changed, post GFC, when China stopped buying US T-bills
Re:Liz Truss urges world leaders to follow UK with trickle d...
by ahartmetz on Wednesday September 21, 2022 @09:36PM
(#32933880)
Abusive trading partner in the strict sense of goods trading, not sure. But China requires or used to require (some / interesting / all?) foreign countries operating in the country to create joint ventures with Chinese companies. Probably done to transfer know-how, possibly profits, and to keep control. Volkswagen had the foresight to enter China early (as it did decades earlier in Brazil), and it had to do that.
Re:Liz Truss urges world leaders to follow UK with trickle d...
by hunglee2 on Thursday September 22, 2022 @02:09AM
(#32935278)
protectionism of this sort is basically how all the East Asian tigers developed from being as impoverished as Africa in 1950's to where they all are now. It's a problem now because the unbroken period of 400 years + pf Western hegemony might finally be under challenge by a country who is big enough not routinely bend the knee
1 - https://twitter.com/skynews/status/1541894205274030080