The USA has practically been written off from the business circle of the Chinese, who are now more interested in the visit of other leaders whom they can expand their export base. China's trade with African is booming, with China having given all African countries, save for one, zero tariff entry into China.
Why talk to USA business leaders when Trump is trying to cut them off from doing business with the Chinese and vice versa, with all the sanctions lists being floated? Moreover, doing business with USA entities is now like a revolving door trade policy, with new sanctions added depending on the mood and whims and fancies of Trump.
China must not even think of investing in the USA now and risk losing its pants. The USA debt conundrum is unsolvable and the printing of toilet papers to keep the US$ hegemony in ICU is not going to go on forever without the US$ being consigned to its main use in the toilet.
Anonymous
4 comments:
Without the bans, tariffs and sanctions, China will eat up the breakfast, lunch and dinner of USA entities. Just look at the number of patents filed by China over the last few years, putting the USA and the rest of the world in the dust.
Yet, despite all the above desperate measures, China is still powering ahead. The main preoccupation of the USA and the West is keeping China away from dominating the high-end chips and the AI sector. But China is not just concentrating its priority in the chips and AI sector. China is undertaking research and development in so many other areas if you care to keep track of China's domination now in chemical research, research papers in energy, physics, science, computer, high speed rails, aviation, shipbuilding and now moving into AI.
The USA knows China is chipping away at its last bastion, the semiconductor sector, while the AI sector is still a close call, and is making every effort to deny China the means to move ahead. Trying to stymy China now is an exercise in futility, once the Chinese are determined to break the stranglehold. Where China cannot get the top end ASML chipmaking machine, China will even make their own. Necessity is the mother of invention.
Today Trump wants Nvidia to sell big to China. Tomorrow, Trump under pressure, may say, no we will not allow Nvidia to sell to China. Trump thinks China is just like a child, playing childish games with Trump. China is not going to risk playing such a game that is of National Security importance. China wants to become totally less dependent on USA technology. Once bitten twice shy.
Xi should tell Trump that China is very shy to buy from Nividia now.
China has now come out to say that all the so-called deals are just 'preliminary' talks, not actual deals. Think about that.
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