Topic: China

[patentlymn]

This guy is some kinda US investor or portfolio manager but he is in China now.
He often posts on how US govt actions are harming the US.
US sanctions in particular are backfiring on US business.
His videos are not long.

https://www.youtube.com/@Inside_China_Business/videos

[Libertas]

This guy is American portfolio manager. Talks fast. He has gone into how US sanctions backfired before in great detail.
US companies like NVidea (and others) outsource production to Taiwan. US govt sanctions harm US companies like them but not others so why be a US company if it harms you?

https://youtu.be/ZNzixbMiZMQ

 US sanctions against China are putting global firms to a decision: abandon China, or leave the US
Inside China Business
53.1K subscribers
 
Aug 11, 2024
Nvidia and other chipmakers are struggling to survive in China, the world's largest semiconductor market, while also observing Washington's increasingly strict trading curbs. 

Despite obvious sanctions failures against Russia and China, Western governments continue to punish their own companies who do business in and with the world's biggest industrial and consumer markets.  Companies who set up outside the United States and a small handful of Washington's closest allies are not subject to these restrictions.  We should therefore expect that more Western companies will break apart into units which serve different markets, and that new firms will establish themselves in countries whose laws allow them to do business anywhere.

Where the Hell is this coming from?  Nvidia like almost everybody uses Taiwan Semiconductor to make chips per their designs...that is not China, only a Commie thinks Taiwan belongs to China...

He did not say that Taiwan is part of China although the US govt official policy has said that for decades.

From memory, he said that a large percent of Nvidia sales goes to China. Maybe 30 percent?  Maybe more? US govt says Nvidia cannot sell certain top chips to China. China responded to this by making some very good chips themselves. Not the very top end but close enough for now and better than expected. This creates a huge vacuum that will be filled one way or the other. TSMC would prefer to sell to China IMO.

In some tech areas in response to US sanctions, the Chinese inventors in US companies and universities responded by moving to China.

I have no problem with not giving the CCP top tech, eff 'em...they can design their own...

As for harm, the West is leading in AI....what little losses to Chinese sales will be nothing compared to what rolls in...

[patentlymn]

This guy is American portfolio manager. Talks fast. He has gone into how US sanctions backfired before in great detail.
US companies like NVidea (and others) outsource production to Taiwan. US govt sanctions harm US companies like them but not others so why be a US company if it harms you?

https://youtu.be/ZNzixbMiZMQ

 US sanctions against China are putting global firms to a decision: abandon China, or leave the US
Inside China Business
53.1K subscribers
 
Aug 11, 2024
Nvidia and other chipmakers are struggling to survive in China, the world's largest semiconductor market, while also observing Washington's increasingly strict trading curbs. 

Despite obvious sanctions failures against Russia and China, Western governments continue to punish their own companies who do business in and with the world's biggest industrial and consumer markets.  Companies who set up outside the United States and a small handful of Washington's closest allies are not subject to these restrictions.  We should therefore expect that more Western companies will break apart into units which serve different markets, and that new firms will establish themselves in countries whose laws allow them to do business anywhere.

Where the Hell is this coming from?  Nvidia like almost everybody uses Taiwan Semiconductor to make chips per their designs...that is not China, only a Commie thinks Taiwan belongs to China...

He did not say that Taiwan is part of China although the US govt official policy has said that for decades.

From memory, he said that a large percent of Nvidia sales goes to China. Maybe 30 percent?  Maybe more? US govt says Nvidia cannot sell certain top chips to China. China responded to this by making some very good chips themselves. Not the very top end but close enough for now and better than expected. This creates a huge vacuum that will be filled one way or the other. TSMC would prefer to sell to China IMO.

In some tech areas in response to US sanctions, the Chinese inventors in US companies and universities responded by moving to China.

I have no problem with not giving the CCP top tech, eff 'em...they can design their own...

As for harm, the West is leading in AI....what little losses to Chinese sales will be nothing compared to what rolls in...

The US is leading in AI mostly thanks to foreign professors and students. I recall 75 pct of silicon valley employees are foreign born.  If they go back home that is not good for US. BTW the current AI boom is based on mostly machine learning not smart fancy algorithms.

[patentlymn]

Some Biden passed bill was supposed to benefit Biden donors but is not working that way.. 9 min video.

https://youtu.be/BbO3ovIGQnc
 Solar panel factories in the United States are going broke, except the ones China is building.
Inside China Business

US solar panel companies rushed to build new factories, as the Inflation Reduction Act promised to shower hundreds of billions of dollars on green energy firms that would reduce America's dependence on China.  Even foreign firms joined in, including major companies from China, Korea, and Europe, setting up joint ventures in the US.

First Solar, a US company, was believed to be in the best position of all, after company insiders invested heavily into Joe Biden's election effort, and hired longtime friends of key officials who wrote the key provisions of the IRA.

All these investments are now imperiled by crushing Chinese competition, which has pushed solar panel prices far below those companies' cost of production.  Predictably, they are asking their lobbyists in Washington for relief, warning that they will go out of business.  They have paused or outright canceled their planned factory builds, and only Chinese-partnered companies are continuing US production.

[Libertas]

This guy is American portfolio manager. Talks fast. He has gone into how US sanctions backfired before in great detail.
US companies like NVidea (and others) outsource production to Taiwan. US govt sanctions harm US companies like them but not others so why be a US company if it harms you?

https://youtu.be/ZNzixbMiZMQ

 US sanctions against China are putting global firms to a decision: abandon China, or leave the US
Inside China Business
53.1K subscribers
 
Aug 11, 2024
Nvidia and other chipmakers are struggling to survive in China, the world's largest semiconductor market, while also observing Washington's increasingly strict trading curbs. 

Despite obvious sanctions failures against Russia and China, Western governments continue to punish their own companies who do business in and with the world's biggest industrial and consumer markets.  Companies who set up outside the United States and a small handful of Washington's closest allies are not subject to these restrictions.  We should therefore expect that more Western companies will break apart into units which serve different markets, and that new firms will establish themselves in countries whose laws allow them to do business anywhere.

Where the Hell is this coming from?  Nvidia like almost everybody uses Taiwan Semiconductor to make chips per their designs...that is not China, only a Commie thinks Taiwan belongs to China...

He did not say that Taiwan is part of China although the US govt official policy has said that for decades.

From memory, he said that a large percent of Nvidia sales goes to China. Maybe 30 percent?  Maybe more? US govt says Nvidia cannot sell certain top chips to China. China responded to this by making some very good chips themselves. Not the very top end but close enough for now and better than expected. This creates a huge vacuum that will be filled one way or the other. TSMC would prefer to sell to China IMO.

In some tech areas in response to US sanctions, the Chinese inventors in US companies and universities responded by moving to China.

I have no problem with not giving the CCP top tech, eff 'em...they can design their own...

As for harm, the West is leading in AI....what little losses to Chinese sales will be nothing compared to what rolls in...

The US is leading in AI mostly thanks to foreign professors and students. I recall 75 pct of silicon valley employees are foreign born.  If they go back home that is not good for US. BTW the current AI boom is based on mostly machine learning not smart fancy algorithms.

Well, that "machine learning" leans on work done by humans...and without the American tech the algorithms won't achieve maximum potential...

Also, how many of those foreign born working in AI want to go home...not all may be eager to go back to the communist homeland and work for less...  And if they do go back they still have to design and manufacture their own stuff and their knowledge could be limited to past benchmarks learned in America that the latter keep leapfrogging...

Also, I think the number of foreign born is closer to 71% and that "Asians" include not just Chinese but Indians, Japanese, Koreans, and other Asians...and that this is industry total without any details as to role in a company...most are probably siloed workers doing specific tasks vs chief designers and project directors...

And how many of those "Chinese" are mainland communist born vs free born in Taiwan?

[Libertas]

Some Biden passed bill was supposed to benefit Biden donors but is not working that way.. 9 min video.

https://youtu.be/BbO3ovIGQnc
 Solar panel factories in the United States are going broke, except the ones China is building.
Inside China Business

US solar panel companies rushed to build new factories, as the Inflation Reduction Act promised to shower hundreds of billions of dollars on green energy firms that would reduce America's dependence on China.  Even foreign firms joined in, including major companies from China, Korea, and Europe, setting up joint ventures in the US.

First Solar, a US company, was believed to be in the best position of all, after company insiders invested heavily into Joe Biden's election effort, and hired longtime friends of key officials who wrote the key provisions of the IRA.

All these investments are now imperiled by crushing Chinese competition, which has pushed solar panel prices far below those companies' cost of production.  Predictably, they are asking their lobbyists in Washington for relief, warning that they will go out of business.  They have paused or outright canceled their planned factory builds, and only Chinese-partnered companies are continuing US production.

Well, only a back-birthed mentally-stunted person (aka Leftists) are unaware of or don't GAFF about Communist China's dominance in the manufacture of items in this industry due to their near slave wage labor advantage and easy access to necessary elements they rape out of the ground without any concern for environmental or OSHA type regulatory burdens.

Without massive extortion of the taxpayers to subsidize such schemes most are doomed to failure.  And everybody not a fool knew this up front.

[patentlymn]

IMO the US has an anti industrial mind set in at least the govt and MSM. The CCP/CPC does not.

For many fields China is the land of opportunity.Wanna build bridges, railroads, skyscrapers, dams, solar panels, robots?

China is building nuclear power plants including a new thorium nuke plant.

[Syzygy]

IMO the US has an anti industrial mind set in at least the govt and MSM. The CCP/CPC does not.

For many fields China is the land of opportunity.Wanna build bridges, railroads, skyscrapers, dams, solar panels, robots?

China is building nuclear power plants including a new thorium nuke plant.

Economics 101:  ALL economies will go through a transition from mostly agrarian,  to industrial,  to ULTIMATELY a service economy.  (Read  Tofler's , The Third Wave).   The purported service economy is not hamburger flippin' jobs,  but is supposed to be information based,  and we're doing rather mediocre in that regard. 
Witness Japan who went through its industrial phase rather quickly post WW II,  but is struggling now  transitioning to its third phase. 
China is in its nadir of its industrial phase and will someday experience the same fate as Japan.  Why?  Because of cheap labor to be found the world over.  Labor is the most expensive,  ongoing cost of all the 4 factors of production,  and one reason why manufacturing has left American shores.

Wanna bring back manufacturing jobs to America?  Reduce the cost of labor.

[Libertas]

IMO the US has an anti industrial mind set in at least the govt and MSM. The CCP/CPC does not.

For many fields China is the land of opportunity.Wanna build bridges, railroads, skyscrapers, dams, solar panels, robots?

China is building nuclear power plants including a new thorium nuke plant.

Economics 101:  ALL economies will go through a transition from mostly agrarian,  to industrial,  to ULTIMATELY a service economy.  (Read  Tofler's , The Third Wave).   The purported service economy is not hamburger flippin' jobs,  but is supposed to be information based,  and we're doing rather mediocre in that regard. 
Witness Japan who went through its industrial phase rather quickly post WW II,  but is struggling now  transitioning to its third phase. 
China is in its nadir of its industrial phase and will someday experience the same fate as Japan.  Why?  Because of cheap labor to be found the world over.  Labor is the most expensive,  ongoing cost of all the 4 factors of production,  and one reason why manufacturing has left American shores.

Wanna bring back manufacturing jobs to America?  Reduce the cost of labor.

Well, the destructive nature of the Biden-Harris policies is doing marvels on that score in the economy...   

Not quite at China low's yet...  And any new jobs are going not to private sector but government and in the former mostly to illegals not citizens...

So the corporate addiction to cheap communist labor isn't ending anytime soon...

[patentlymn]

IMO the US has an anti industrial mind set in at least the govt and MSM. The CCP/CPC does not.

For many fields China is the land of opportunity.Wanna build bridges, railroads, skyscrapers, dams, solar panels, robots?

China is building nuclear power plants including a new thorium nuke plant.

Economics 101:  ALL economies will go through a transition from mostly agrarian,  to industrial,  to ULTIMATELY a service economy.  (Read  Tofler's , The Third Wave).   The purported service economy is not hamburger flippin' jobs,  but is supposed to be information based,  and we're doing rather mediocre in that regard. 
Witness Japan who went through its industrial phase rather quickly post WW II,  but is struggling now  transitioning to its third phase. 
China is in its nadir of its industrial phase and will someday experience the same fate as Japan.  Why?  Because of cheap labor to be found the world over.  Labor is the most expensive,  ongoing cost of all the 4 factors of production,  and one reason why manufacturing has left American shores.

Wanna bring back manufacturing jobs to America?  Reduce the cost of labor.

Not just labor costs the anti industrial nature of US govt. Steve Jobs  told Obama that Apple built the new glass plants for smart phones in China because of govt related costs and delays in the US, not US labor costs.

This guy. https://www.youtube.com/@Inside_China_Business
Says China is locating plants where labor is cheaper. In central and western China.

[Syzygy]

It's not just the feds that make regulations discouraging business start-ups.  Local and state governments do more than their share of putting up regulatory obstacles to businesses,  as well. 
And they do quite well at increasing labor costs,  too.  Witness the many states and municipalities who have increased their minimum wage,  like Newscums $25 minimum wage for fast food workers.
Large corporations,  like Apple,  have the option of going offshore to escape higher production costs in the US. 
Small businesses, or franchisees of the large fast food industry,  have no such option,  and are sometimes forced to shut their doors as a result.

[patentlymn]

Yes. I did not say it was just the feds. Locally, a bridge to Wisconsin from MN near Stillwater was proposed to replace a bridge  in downtown Stillwater. Not everyone  going from MN to WI needed to drive through that town. I recall it was a lift bridge or draw bridge in that town.

The state fought environmental law suits for 30 years. Then there was an act of congress exempting the bridge  from  environmental laws signed by Obama. It got built.

Some dairy in MN or WI wanted to add cows. They filed environmental paperwork. A lawsuit opposed them and the court said they had not included the environmental effects of cow farts. The farm got lucky as then covid hit and the govt shut down schools and school lunches which tanked milk consumption.

[patentlymn]

Also, there is some CA law to take effect. It will ban diesel locomotives in CA. Stuff from CA ports?

[Libertas]

Yes. I did not say it was just the feds. Locally, a bridge to Wisconsin from MN near Stillwater was proposed to replace a bridge  in downtown Stillwater. Not everyone  going from MN to WI needed to drive through that town. I recall it was a lift bridge or draw bridge in that town.

The state fought environmental law suits for 30 years. Then there was an act of congress exempting the bridge  from  environmental laws signed by Obama. It got built.

Some dairy in MN or WI wanted to add cows. They filed environmental paperwork. A lawsuit opposed them and the court said they had not included the environmental effects of cow farts. The farm got lucky as then covid hit and the govt shut down schools and school lunches which tanked milk consumption.

I wouldn't say they got lucky...

Everybody got #$%&ed by the Branch Covidians!

[Libertas]

Also, there is some CA law to take effect. It will ban diesel locomotives in CA. Stuff from CA ports?

Goodbye then, MFer's!   

Watch CA ports die and other ports boom.

[patentlymn]

This is mostly China I think. 9 min long.
I do not understand international finance.
When the US govt was to kick Russia off SWIFT some US govt and finance types went nuts and said no.
One big reason was that Russia and others would find work arounds.
Everything that happened on SWIFT was visible to the US govt.
I think this guy is referring in part to SWIFT.
China backed out of a few huge ag contracts with US and found other suppliers. The US does not know who or at what price.

https://youtu.be/z7m5Z6FuPbk
 The BRICS trading system is already wiping out US farmers, as global price discovery is destroyed
Inside China Business

68,356 views  Aug 29, 2024
Millions of tons of annual agricultural trade is now being conducted outside the US dollar, and within the new BRICS framework.

This represents a tectonic shift in global finance, as the dominant trading hubs of New York, Chicago, and London are replaced by a multipolar system of bilateral trades using national currencies and non-USD-denominated pricing and contracts.

The already huge volumes of trade in ag, energy, and raw materials are destroying price discovery in global markets.  Decisionmakers and executives in Western companies are unable to see markets, nor can they know what parties are driving demand, nor which suppliers are emerging to meet that demand.  Our senior-level business managers and planners are flying blind, and only after realizing giant losses we learn that we are now suppliers only of last resort:  the BRICS countries and their allied countries across the world are producing and trading at prices far below our cost of production.

[patentlymn]

Not sure if he is right. It seems price would still be the most important.
https://youtu.be/ehdH2g4OnCs
 The Russia-China grains corridor will completely displace the US, Canada, Australia, and France
Inside China Business
   
 
Aug 31, 2024
Russia and China are developing a transnational grains corridor, connecting Russia's enormous agricultural production to export markets in China, South Asia, and the Middle East.

When complete, Russian production and shipments on this network will exceed 8 million tons per year.   China is the world's largest importer of wheat and grains, and in 2023 imported over 6 million tons of wheat from the United States, Canada, Australia, and France. 

Large distribution hubs are being completed in China's Northern and Central provinces, which will further transport Russian food exports within China, and on to other Asian countries. 

The proposed BRICS grains exchange enjoys wide support across the bloc, and will accelerate the decoupling of Global South markets from the Western banking and trading systems, to the detriment of farmers in North America and Europe.

[Libertas]

Food is getting more and more scarce...

I think the Commie-lapping morons are overstating the impact to our farmers...

And like I care if China wants to eat Russian grain?

Would love to see the "excess" after domestic needs projections...China only has a sh*t-ton more people than Russia...what is the per capita daily contribution to a hungry Chinese?

[patentlymn]

https://youtu.be/gKQXnzNxb4g

US universities losing hundreds of billions as top Chinese scientists and researchers go home

Research and Development (R&D) is a major profit center for the top universities in the United States.  Besides the nearly $100 billion they earn in grants from the US government and private sources, university-based researchers create patents and inventions that generate many more billions annually.

China is the largest foreign source of scientists and researchers, and they are concentrated in the hard sciences and in engineering, where over 95% of R&D spending takes place.  But since 2018, Chinese scientists are increasingly deciding to return to China to set up new research departments.  Of those who are still in the US, over 60% admit they are strongly considering moving, and over half now refuse to work on projects that involve funding by US government sources.

To American universities, the loss of these scientists, along with future contributions to scientific research and commercial applications and market value, are incalculable.  But losses probably already exceed a trillion dollars, given the departures of so many top scientists in Artificial Intelligence, Big Data, medicine, biochemistry, materials science, nanotechnology, and quantum computing.

[Libertas]

The answer is simple, reverse the woke BS and put value on the sciences for the kids in your own country...

Won't happen under leftists ever...but there it is...