China did not use the same tactics employed by the USA
to put down competitors using trump up charges. Companies like Toshiba
and Alstom were decimated by the USA using underhand tactics to keep
them down. The USA tried to do the same to Huawei and stirred up a
hornet's nest in the process. The USA is now feeling the sting from
Huawei and also hurting Apple in the process. They should have left
Huawei alone.
Now the USA is going after TikTok and BYD, to put
them down as well. The USA does not know how to compete anymore, and the
only way they know of is using underhand tactics to win by hitting
below the belt.
China does not have to resort to hitting below
the belt to take down others. China took up challenges and compete with
its peers on a level playing field. That is why China has managed to
grow so fast in innovation. Necessity is the mother of invention holds
true. Lack of competition stifles innovation.
Anonymous
2 comments:
The message that the USA is sending to the rest of the world is tantamount to just allowing the rest of the world to move along obediently and must not compete too well with or overtake the USA. As long as the status quo remains, the USA is content to allow countries to keep churning out cheap goods for the USA to freeload and enjoy and for countries to earn toilet papers to buy the USA debts.
Once a country rises above that threshold, competing too well with the USA and threatening to overtake it, that is not tolerated. The USA will start inventing narratives to demonize that country, utilizing its vast propaganda machine and coercing beholden doggies to do its dirty work. China fits perfectly into that image. Japan and Germany were China's predecessors of USA oppression.
It may be a good thing for major investment funds from the USA to flow into a country to boost the recipient country's economy, and to cut cost for such USA companies, but there are pitfalls that are proving to be a double-edged sword. Those investments by the USA could be used to bring down that country's economy when such companies are forced to pull out their investments when relations sour, resulting in economic hardships, beckoning the IMF and World Bank to go in like vultures, picking the bones of a carcass on the pretext of offering help, with long strings attached. Debt trap? We know what the consequences are befalling that country.
We have seen that in Sri Lanka, Pakistan, Bangladesh and including Vietnam as well. Fortunately, the major portion of investment funds into Vietnam came from Asian countries like Singapore, South Korea, China and Japan. They do not have any hidden political motives nor the intention to sabotage good business opportunities, except to make money. Vietnam was therefore able to avert falling into the same dilemma as the others despite the attempts by the USA to do it in not long ago. All because of Chinese investments in Vietnam having access to the USA market to avoid the tariffs.
Argentina is still mired in a massive debt to the IMF, that is being restructured to add more misery. The Argentina Peso had been devalued time and again, which makes it impossible to clear its US$ debt to the IMF. Dollarization by Javir Milei, another joker, is thought to be able to solve Argentina's IMF debt problem. It is crushing Argentina instead, despite praises from the USA and the West. Clowns praising clowns is not uncommon.
Boeing 777 Dangers
The US Federal Aviation Administration (FAA) issued a directive earlier this year warning that a defect in Boeing’s 777 airplanes could cause “fire or explosion” if unaddressed.
According to the FAA, a metal plate attached to a fuel tank vent on the wings of the 777 was installed without an electrical bond, meaning it could potentially accumulate static electricity and cause a “fire or explosion” in the jet’s fuel tanks.
Passengers have vowed to double down on their boycott of Boeing after a Singapore Airlines flight ended in disaster when it hit turbulence, killing a passenger.
The Boeing 777 aircraft hit an air pocket and plummeted 6,000ft in just five minutes during the flight from London to Singapore.
The sudden drop unleashed mayhem onboard and forced the plane to make an emergency landing at Bangkok's Suvarnabhumi Airport.
British musical theatre director Geoffrey Kitchen, 73, died after he had a heart attack on the plane on Tuesday.
Flyers have said they would steer clear of boarding Boeing jets after this latest disaster in a spate of well-publicized safety blunders involving the aviation giant's jets.
After the nightmare flight, Boeing said it was ready to 'support' Singapore Airlines and extended 'our deepest condolences to the family who lost a loved one, and our thoughts are with the passengers and crew'.
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