Japan Then, China Now

[srinir]

Every sovereign country has the right to ban corporations that do not play by the rules, plain and simple. That is what the US is doing with Huawei. Whether Huawei spied for Chinese espionage services is secondary here. The primary reason is that Huawei violated multiple international trading sanctions that targeted Iran and other countries and Huawei stole IP and spied labs for its own benefit, all of which is illegal. That is why the daughter of Huawei founder was arrested in Canada. Not because Huawei was found to have spied for the Chinese state but because it circumvented and violated US sanctions on named countries. The daughter was an executive in charge of releasing money and funding for projects that violated those sanctions. I find all this pretty straight forward and making sense.

Huawei violated the rules US set-up in case of Iran sanction. Huawei is a chinese company and chinese have friendly relationship with Iran. Why should US extradite foreign national from a foreign country for following their country's protocol's? Many banks have funneled money to Iran, they did not get total ban or were extradited. These banks were charged with fines and let go. It is because Huawei has beaten US companies in technology war.

US has play book to suit when their minds were made up. Arrest Hitachi executives and break their will or falsely accuse WMD on Iraq and decimate their country. Same play book here, arrest Huawei executive and use it is a bargain chip. Similar disgusting motive is done by Chinese too, arrest Canadian nationals and charge them with death penalty

It is not like US follow their own rules. They have violated many international rules, which they have signed.

 

[GRULSTMRNN]

It's perfectly apparent by now that you don't want to discuss facts but rather have your mind made up already. And it's quite obvious that you have an anti US bias. What's the point to debate when you have no willingness to consider facts laid out in front of you by others? Thanks anyway but I prefer to discuss issues with those who are open to consider facts. That every country acts out of self interest should not even be debatable. What is at issue here is a nation that played all other trading partners for suckers and has over many years made commitments as condition to join WTO but has not fulfilled any of those commitments and promises. It is also about a company that over long periods of time, in a continued fashion, and broad based, stolen IP for its own benefit and violated international sanctions. Your claim that some banks got away with violating international sanctions on nations like Iran or North Korea are untrue. List one such bank please.

Huawei violated the rules US set-up in case of Iran sanction. Huawei is a chinese company and chinese have friendly relationship with Iran. Why should US extradite foreign national from a foreign country for following their country's protocol's? Many banks have funneled money to Iran, they did not get total ban or were extradited. These banks were charged with fines and let go. It is because Huawei has beaten US companies in technology war.

US has play book to suit when their minds were made up. Arrest Hitachi executives and break their will or falsely accuse WMD on Iraq and decimate their country. Same play book here, arrest Huawei executive and use it is a bargain chip. Similar disgusting motive is done by Chinese too, arrest Canadian nationals and charge them with death penalty

It is not like US follow their own rules. They have violated many international rules, which they have signed.

 

[srinir]

Your claim that some banks got away with violating international sanctions on nations like Iran or North Korea are untrue. List one such bank please.

I mentioned banks were charged with fine and let go.

https://www.acfcs.org/news/447292/U...ran-violations-second-huge-fine-in-a-week.htm
U.S. federal and state authorities Monday fined one of Europe’s largest banks more than $1.3 billion and forced it to enter a guilty plea for processing hundreds of millions of dollars for blacklisted entities and countries, including Iran – the second such billion-dollar plus settlement in as many weeks.

The U.S. Department of Justice, U.S. Treasury, and state and federal regulators have hit Munich-based UniCredit Bank AG (UCB AG), operating at the time as HypoVereinsbank, for “knowingly and willfully” moving nearly $400 million through the U.S. financial system on behalf of sanctioned entities for more than a decade.
..
Federal and state authorities in the United States and United Kingdom last week levied a penalty of more than $1.1 billion against Standard Chartered, one of London’s largest banks, for engaging in thousands of illicit transactions worth hundreds of millions of dollars involving blacklisted countries including Iran, Sudan and Syria

http://www.iranobserver.org/turkish-banks-facing-fines-from-u-s-over-violations-of-iran-sanctions/

U.S. authorities have imposed fines against six Turkish banks, over supposed sanctions violations with Iran, senior banking sources have said.

 

[GRULSTMRNN]

Another idiot. I asked you to substantiate your claim to list a bank that was proven to have violated Iran or NK sanctions and got away with it as you claimed. Back you come and list a humber of banks that were found guilty and fined. Hilarious. On ignore.

https://www.acfcs.org/news/447292/U...ran-violations-second-huge-fine-in-a-week.htm
U.S. federal and state authorities Monday fined one of Europe’s largest banks more than $1.3 billion and forced it to enter a guilty plea for processing hundreds of millions of dollars for blacklisted entities and countries, including Iran – the second such billion-dollar plus settlement in as many weeks.

The U.S. Department of Justice, U.S. Treasury, and state and federal regulators have hit Munich-based UniCredit Bank AG (UCB AG), operating at the time as HypoVereinsbank, for “knowingly and willfully” moving nearly $400 million through the U.S. financial system on behalf of sanctioned entities for more than a decade.
..
Federal and state authorities in the United States and United Kingdom last week levied a penalty of more than $1.1 billion against Standard Chartered, one of London’s largest banks, for engaging in thousands of illicit transactions worth hundreds of millions of dollars involving blacklisted countries including Iran, Sudan and Syria

http://www.iranobserver.org/turkish-banks-facing-fines-from-u-s-over-violations-of-iran-sanctions/

U.S. authorities have imposed fines against six Turkish banks, over supposed sanctions violations with Iran, senior banking sources have said.

 

[srinir]

Another idiot. I asked you to substantiate your claim to list a bank that was proven to have violated Iran or NK sanctions and got away with it as you claimed. Back you come and list a humber of banks that were found guilty and fined. Hilarious. On ignore.

Huh,
My exact quote is here

H Many banks have funneled money to Iran, they did not get total ban or were extradited. These banks were charged with fines and let go.

Ignore and blocked

 

[Specterx]

There are only superficial similarities between Japan in the 80s and China today. It's a lazy comparison. Japan in the 80s had become a leader in many industries through technological and managerial/process innovation (e.g. the Toyota Production System) and was beating the pants off U.S. rust-belt companies hobbled by inept management, outdated thinking, and union pay scales / work rules.

The problem with China isn't that we're being beaten in a level playing field, it's that they've always done everything possible to tilt the field to their advantage - and we're finally waking up to that fact. Aside from that, China is a dictatorship with four times the U.S. population, i.e. a tremendous military, ideological and geopolitical threat, which Japan (in the 80s) definitely wasn't.

 

[ironchef]

There are only superficial similarities between Japan in the 80s and China today. It's a lazy comparison. Japan in the 80s had become a leader in many industries through technological and managerial/process innovation (e.g. the Toyota Production System) and was beating the pants off U.S. rust-belt companies hobbled by inept management, outdated thinking, and union pay scales / work rules.

We tend to forget that post WWII, in the 50s, 60s, made in Japan meant cheap, low quality copycat products, not that different from China of the 90s, 00s.

 

[GRULSTMRNN]

That's where the comparison ends as @Specterx just pointed out. China still manufactures cheap low quality stuff by majority. Japan did not in the 80s/90s

We tend to forget that post WWII, in the 50s, 60s, made in Japan meant cheap, low quality copycat products, not that different from China of the 90s, 00s.

 

[Specterx]

We tend to forget that post WWII, in the 50s, 60s, made in Japan meant cheap, low quality copycat products, not that different from China of the 90s, 00s.

All the more reason to draw the battle lines now, while the U.S. president can still drive Chinese national champions into bankruptcy with the stroke of a pen. In fifteen years, without any changes, the shoe might well be on the other foot.

 

[Stockolio]

All the more reason to draw the battle lines now, while the U.S. president can still drive Chinese national champions into bankruptcy with the stroke of a pen. In fifteen years, without any changes, the shoe might well be on the other foot.

Haha, you do not understand economy or what is heading china's way... You keep commenting and typing, yet never bother reading and researching

The biggest financial collapse in the history of the world, even without tariffs... You seem rational on certain posts, I guess the fact your chinese blocks your brain from processing reality ? Do you understand what is gonna happen when they float the RMB ? china has the highest Investment GDP in the world and some of the lowest Consumption GDP in the world... If you remove Net Debt from Net GDP, china's economy pares on a economic stability of countries in the Caribbean Islands... How can a country be a economic " powerhouse " and have one of the lowest Consumption GDP ? It defies any form of economic logic or common sense if you look at the numbers.

Who would of thought non stop stimulus since 09 would create such Inflation ? Haha, highest Price Per Income Real Estate in the world is in china, with 8000 US Per Capita GDP, on fake as hell GDP... Real measure is 4-5000 Per Capita GDP... If that's " winning ", what's losing ?

Don't get it twisted, the commies fucked the country dry, some 20 million people benefited extremely while 300 + million pretend to be middle class cause they have a Iphone and a car on credit, massive shadow banking personal debt, no bankruptcy courts, social credit system banning travels if delinquent on debt, and 1 billion + who aren't even part of the game, hopelessly poor... Cause they manufacture and export at a steep loss, economic powerhouse ? If that's winning for the chinese people, what's losing ?

How can china ever become a " powerhouse " without a strong Banking Sector, Service Sector, Social Programs ? Switzerland isn't considered a powerhouse, yet the quality of life is 10x of china, who's winning ? Pipe dreams, clowns talking about trade war who wins... I think what these clowns should think about instead is why the quality of life in china is regressing if it's such a powerhouse ? china's problem apart from monster size debt, is it's leadership... It's a cancer slowly sucking the life out of that country, turning it into a autocratic shithole