Re:U.S. pushes Japan and other allies to join China chip curbs
by DiogenesKynikos on Sunday November 06, 2022 @04:03PM
(#33497117)
> It seems like their standard playbook is to entice or force others to open their markets to them, but then refuse to reciprocate.
Foreign companies have a very large presence in China's internal market. It would be difficult to give a full overview, so I'll give a few examples to illustrate the point:
* Volkswagen has the largest share of the Chinese automobile market.
* China is Nvidia's 2nd largest market (nearly $4 billion in revenue, which is more than Nvidia takes in in the US or the EU).
* Airbus and Boeing dominate the aircraft market in China. Airbus just announced a $17 billion deal two days ago.
* Starbucks runs 6,000 locations in China.
There are countless examples like this. Suffice it to say that China is one of the most important markets for a very large fraction of multinationals.
Foreign companies have a very large presence in China's internal market. It would be difficult to give a full overview, so I'll give a few examples to illustrate the point:
* Volkswagen has the largest share of the Chinese automobile market.
* China is Nvidia's 2nd largest market (nearly $4 billion in revenue, which is more than Nvidia takes in in the US or the EU).
* Airbus and Boeing dominate the aircraft market in China. Airbus just announced a $17 billion deal two days ago.
* Starbucks runs 6,000 locations in China.
There are countless examples like this. Suffice it to say that China is one of the most important markets for a very large fraction of multinationals.