nfc_

China not being open to multinationals is a common narrative on HN and not supported by the data.

In fact in consumer goods, foreign companies have more market share in China (40%) than the US (26%).

https://www.mckinsey.com/~/media/mckinsey/featured%20insight...

Yes following this logic India should emulate North Korea's Juche or go back to its old socialist days to keep 100% of the valye

India heavily depends on software consulting and BPO exports for its foreign currency (over 100 billion usd per year).

If China really wants to retaliate, it can sanction the WITCH companies and force any multinational who wants to be in China to not use them. This will also benefit competitors in other developing countries like Phillipines or Pakistan.

India is playing with fire here. Especially dropping out of RCEP, the risk being encircled economically.

So does this mean Apple will have to remove WeChat from the App Store everywhere in the world including China?

If Apple does this, what will it mean for their huge business in China?

The thing is other countries can now use the this precedent to demand domestic control of US social media companies.

France may have a the same foreign influence concerns issue with the non-transparency of the FB news feed algo.

This has the potential to backfire hard if other countries decided to use the same reasoning against FB to demand data, feed algo, management and employee localization in country.

Hopefully this becomes a wake-up call to investors in China tech. Instead of funding another social media app, they should invest in core technologies like semiconductor manufacturing equipment.

The success of the STAR market is a good start. Hope the momentum can sustain this decade, then we may see the tables turned.

China gives Apple access to their market but the US bans AT&T from partnering with Huawei to sell consumer phones.

Apple makes $50 billion in revenues a year from the China market. Would people still buy it's phones if the App store or mobile data was shut-off?

This article was very disappointing. The author writes like an American neo-con warhawk who fantasizes about the entire world and tech industry choosing US over China thus isolating and containing it.

China trying to move up the value chain so hard-working Chinese citizens aren't stuck working in sweatshops forever is treated as a mortal national security threat that the whole word must unite to stop. Luckily private American tech-firms and non-Anglo countries don't buy this BS and wants to establish a win-win relationship and don't want to pick sides.

The latest Huawei escalation has shown the entire tech industry that US supply chain can't be trusted. If I were TSMC I would be looking hard into how Japanese semiconductor equipment can substitute all American ones.