The danger that she is talking about is that China's
industrial overcapacity is a threat to the USA itself, because the USA
is not in a position to monopolize sectors like solar energy, EVs, and
sooner or later semiconductors. These are sectors, (besides
semiconductors), that China has already left the USA behind. And the
next big global growth sector is going to be solar energy, which China
is way ahead, with 95% hold on solar panel sales.
The USA
already had a hold on oil and gas sales to Europe (which is what the
blowing up of Nord Stream pipelines was all about) and is looking
haplessly at China's lead in solar panels that will be in demand in
Europe and the Global South going forward. The USA's intention is to
eventually take a bigger share and monopolize the renewable energy
market besides fossil fuel, which the USA has in abundance and is making
a killing in Europe today besides killing Europe as well. That is their
intention in demonizing China on every front and Yellen is in reality
insisting openly that China must stop its industrial manufacturing
advance to let the USA catch up. She is planning to visit China again to
warn China about the industrial overcapacity. Warn China? Xi must be
shivering in his pants.
The argument and fallacious claim that
China has been subsidizing its industries holds no water and a no
brainer if true, when the USA is the biggest culprit by any yard (meter
if you like) of measurement. A finger pointed at China has three other
fingers pointing at the USA itself. The USA is the biggest culprit in
the world when it comes to subsidies given to industries like
semiconductors and oil exploration entities and everyone knows that. It
is just like the biggest and blackest pot calling the kettle black for
subsidies given to industries. Those subsidies given to chip
manufacturers in Arizona recently is a perfect example, besides propping
up banks, financial institutions using taxpayer's money, which is a
form of subsidy as well.
The next trade war between USA and
China will be over EVs and solar panels, which is coming up and the USA
is preparing the ground by hyping it up. The USA will erect sanctions
against China for sure. But the main market for such renewable energy
items is not just the USA and Europe. China is looking at the bigger
picture, the Global South and the vast population in Africa. This is
where the demand is going to be sooner or later, and USA solar panel
manufacturers trying to compete with China in those countries will end
belly up.
Africa is done with the USA and the West and will
support China. Africa will care little about USA's sanction against
Chinese solar panels. After all it is going to be cheaper when China is
banned from selling in Europe and will sell to Africa instead. Just like
China and India getting cheaper oil and gas when Russia is banned from
selling to Europe. Europe can ban Chinese solar panels and pay a heavy
price by buying from the USA, just like oil and gas. But let them be.
Yellen is now mad with China, having been shot down over her oil cap
madness against Russia, which is a failure of sorts.
Anonymous
3 comments:
Chinese saying: Two types of human beans aka
1) Constructive Humans
2) Destructive Humans
The White Barbarians fall into the second category of DESTRUCTIVE Beans.
In their genes and DNAs are only Agressions, Destructions, Killings!
They will never ever change their mental deranged behaviours.
Period!
While the rest of the world is looking on at the tech war involving high-end chips, China, I believe, is not too worried about the hype. Sure, high-end chips are particularly essential for military use, laptops, super computers and space exploration perhaps. Even missiles may not need high-end chips.
China is quietly taking advantage of the Western world taking their eyes off the importance of mature chips, those in the range of 14 to 28 nanometer chips that are enough to power EVs, consumer products like TVs, computers, washing machines, solar panels which China is consolidating and moving further ahead in domination.
I have a feeling the USA knows it is barking up the wrong tree to sanction China in the high-end chips sector alone. The bad news is that the USA can do nothing about the mature chips sector, which China is able to produce itself, and now widely used domestically, threatening the business of entities like Intel and AMD.
We can just gauge the confidence prevailing in the Chinese Government's decision to push off heavy dependence on Intel and AMD chips in sensitive areas of the establishment. If China's domestic production of mature chips pull ahead, Intel and AMD will face stiff competition in China. Open sanctions against them will not be necessary, but stiff competition in terms of price will win the day. Just like cars.
And that, my friend is why Janet Yellen is warning China not to continue its relentless industrial push. Imagine asking a country to stop innovating and letting the USA and the West a chance to take over all the leading industries. Doing that will suffocate China and lead to its disintegration. The dumb can only fool those that are dumber, not the smarter one.
Mearicunts has never competed. They kill off the competition.
Started with the Red Indians (natives). Has been non stop ever since. Ta think Wuhan was a lab leak? Think again.
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