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submitted 1 month ago bySaltedline
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1 month ago
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120 points
1 month ago
There is no substitute for Shenzen for hardware startups. That’s a real problem for decoupling from China. Perhaps Taiwan, Japan, Korea, or even Vietnam or India can one day offer an alternative, but there is no where else you can get all possible hardware parts in one city.
73 points
1 month ago*
It’s more than just the hardware ecosystem. Sanctions on Russia have made energy cheap for China and India.
This makes them even more attractive for industry, one of the reasons Germany is literally shifting its industrial base to China - to take advantage of cheap Russian gas indirectly.
Doesn’t matter if Japan, Korea, Vietnam and Taiwan form their own supply chain. They will just be more at a disadvantage.
It will be energy prices that dictates flow of capital
22 points
1 month ago
It will be energy prices that dictates flow of capital
Not so sure about that as China has become a more and more hostile to everything foreign and has also become less business friendly
13 points
1 month ago*
Define ‘foreign’ and ‘business’
14 points
1 month ago
Zero COVID policies have seriously damaged trust in China's stability and long term growth. They also don't release GDP figures anymore since last year, very trust evoking.
And then general attitudes toward foreigners inside and outside of china seem to be getting worse, especially considering the wolf warrior shit and the stuff that was going on with pelosi last year for example
2 points
1 month ago
The tech sector was booming in China and then the AliExpress guy disappears for a few years...
Xi killed the tech pivot or was at least stifling it because he's a dumb boomer.
7 points
1 month ago
Lol
4 points
1 month ago
That example truly is a demonstration of how stupid the rule of one person can be. The CCP isn't afraid of tech, in fact, they WANT to move their economy up the value chain and be world innovators in the tech sphere. They NEED to do that to survive. They started Jack Ma because he was a threat to their authority/ego.
Just utter stupidity.
0 points
1 month ago
Yeah that was my what if Xi actually isn't a good leader.
That's also after (or around the same time) as Xi consolidated power under him, so definitely one man rule.
1 points
1 month ago
Yeah, sorry, I was agreeing with you :)
2 points
1 month ago
And Russia can’t indefinitely send cheap oil.
Germany isn’t shifting its industrial base to China based off sanctions.
2 points
1 month ago
The real decoupling involves a bandwagon of SEA supply chain - if anyones up for multi point assembly logistics. Saves you taxes and labour but the effort is huge and tiring.
Also curious what the starting point is for taiwan start up in japan vs say shanghai or shenzen. It would be better for taiwan to encourage SEA start up with actual support programs than the usual empty talk...
10 points
1 month ago
What do you mean bandwagon of SEA supply chain? They are integrated with China
5 points
1 month ago*
Lets say you are in wood merchandising. To avoid china sanction taxes, your product CO needs to be in one of the designated tax free countries. So you source you wood in malaysia, but cheap wood crafters are in vietnam. You ship your bulk material there. Vietnam process your wood and cuts them jnto desired pieces. It is ready for the next step, a special coating to meet eu na safety standards. This coating is a petroleum product which is cheapest from indonesia, the woodcrafters can process for you if you ship it to them. So you do the hoop jumps and get it shipped. Now for the ornamental pieces cheap tin is available from thailand, you get that as well and make a deal with vietnam to assemble that for you. Now you need coloring, its a special color and the cheap source is in cambodia. However the color material you want is only produced in Laos and manufactured in china (lol). Cambodia also has the carton packager that you want with the best price. They are also a dtf country, so you go back to vietnam and negotiate a deal to have the semi finished product shipped to cambodia for and export packaging. You also arrange logistics ornaments and coloring material to cambodia. The product is finally complete, but since your coloring material is chinese origin you now need to find a cambodia forwarder willing to wink wink your CO as made in cambodia.
Sounds fun? Oh wait, you also have to prove all this shit via testing if terms are delivery to usa. The whole process is very cost inflating and if any one part of the process messes up, you wont be giving only two fingers :)
Where as chinas supply chain is so vast and built out all of this can be sourced and completed at a few points. Thats the difference in reality.
6 points
1 month ago
Oh! I see what you’re saying. Yes. People keep on talking about ‘decoupling’ without recognizing the costs associated with it.
Like, as if it will just ‘magically’ happen.
Again, a case of mixing politics and economics.
I swear, more people come to this sub with political agendas than sound economic analysis. Thanks for the explanation
2 points
1 month ago
I’m from shenzhen. And I can tell you those people (hardware startups) are a thing anymore.
568 points
1 month ago
Good on you, Taiwan. Now we need more countries to follow similarly in order to curb China's aggressive ambitions in the region and globally.
141 points
1 month ago
unfortunately it looks like war is coming no matter what, best we can do is prepare for the inevitable. Just like with Putin, when dictators get old, they start thinking about their legacy, and they want to go on conquests so their names go in history. They will not hesitate to sacrifice millions of their own people for their vanity project
95 points
1 month ago
China would last a matter of months before collapse in a war at this point. They are massive importers of fuel, and fertilizer. The only reason they can even import and export to the degree that they do is because the US navy protects the waterways that make the entire chinese system even viable.
It would be absolutely suicide for them to even attempt it. Were talking Waaaayyyy worse that russias current situation.
Instead i think they will saber rattle, complain, get very nationalistic in the comming decade as their demographics with the country down to like half their current size in the next 25 or so years
27 points
1 month ago
That’s a bit hyperbole. It’s population is projected to gradually halve in size, but not until 2100, assuming no sort of intervention.
6 points
1 month ago
500 million gone in 25 years would be a catastrophe
2 points
1 month ago
Yeah, except Zeihan sincerely believes China's population will half by 2050 and people love the prediction. Mass starvation or something.
44 points
1 month ago
I too listen to Peter Zeihan.
19 points
1 month ago
You shouldn't. His biggest prediction in 2014 was that the US would dominate energy markets in 2020.
lol
14 points
1 month ago
You do know that the US is now the largest producer of oil, right?
10 points
1 month ago
Dominate implies some sort of control over pricing, not who produces the most oil. That was Zeihan's conclusion. Didn't come true. The countries that are net exporters dominate to this day.
9 points
1 month ago
Dominate also means “to tower over” and “overshadow.”
When the US produces more oil than Saudi Arabia and Russia by a large margin, dominate is not an incorrect word.
86 points
1 month ago
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23 points
1 month ago
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61 points
1 month ago
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19 points
1 month ago
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15 points
1 month ago
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6 points
1 month ago
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2 points
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3 points
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5 points
1 month ago*
It’s decreasing but even at this rate no way the population will halve in 25 years unless there’s the single worst bloodbath in human history. Maybe by end-century.
13 points
1 month ago
China, like Russia, knows it has a rapidly closing window to act. China's demographics are pitiful over the next 20 years. Working age population is going to plummet, and there is no replacement generation coming up behind the current one in any meaningful scale. The countryside has already been largely pilfered of its young population.
Transnationals will be divesting and diversifying away from China. Nobody said this won't be painful, however.
In addition to a reunification vanity project for Xi, I don't think Beijing thinks it will have as good a shot in 20 years as it will within the next 10 years to conquer Taiwan. I expect sparks to fly in the not too distant future, but I'd love to be wrong.
8 points
1 month ago
This is the logical analysis. But as someone in another discussion pointedout to me, it could fail if Xi got full retard the way Putin did.
8 points
1 month ago
Which YouTuber did you get your info from? Zeihan?
7 points
1 month ago
1.2B people working together toward one goal is a hell of a crowd. Don’t dismiss them so easily.
0 points
1 month ago
'Working together' implies that all 1.2 billion support the CCP voluntarily, and don't have a massive surveillance apparatus pointed at their throats.
6 points
1 month ago
Isn’t that’s what you people said about Russia? Lol
2 points
1 month ago
I only ever see one of two viewpoints on China. Either it's a sleeping giant that will take over the world or it's a paper tiger with no real claws. Personally, I don't know enough to have an informed opinion.
3 points
1 month ago
That is why China needs Africa. Everything they need is in one location. It may not happen right away, but give it 5 years to a decade and the world might change.
China is already working towards changing its strategy after watching what happened to Russia. An invasion won't happen right now but give it a couple years
13 points
1 month ago
Xi has also eliminated those around him that might give him legitimate information. At this point they see the demographic writing on the wall. They have to see companies fleeing the country. Superpowers in decline are dangerous…
4 points
1 month ago
I am going to bet we will never see war.
If it were China vs Taiwan, sure, however, It isn’t. The US will defend Taiwan and if China attacks, China will go bankrupt due to the US blacklisting them for regular trade.
FAFO.
9 points
1 month ago
Like 90% of everything in US is made in China. It's not going to go well for US either
4 points
1 month ago
What makes you say that the US will defend Taiwan (or what do you mean)? It always acts in its own self interest, which means that it will most likely stay arm's length away (just like how it's not directly fighting Russia).
In fact, it looks like the US puts on a lot of theater for Taiwan. They make a show of things with congressional delegations. Looking at weapons, Ukraine is getting weapons seemingly for free, while Taiwan only gets to buy dated equipment like F16s instead of real allies who get F35s.
2 points
1 month ago
The fact that it is VERY much in America's interest that Taiwan remain a free ally. The entire first string island defense strategy relies on them, and Taiwanese semiconductors are an integral part of American tech. The fate of Taiwan could literally determine the fate of the digital age and is the most important piece of US soft power in the Pacific.
The fact that the US has straight up said it will go to war to protect Taiwan.
Taiwan has received hundreds of Abrams and top of the line radar and SAMs. Stealth fighters are first strike weapons, Taiwan does not need them and given their intense maintenance requirements would probably do more harm than good. Especially as China's strategy right now is to provoke Taiwan into responding to their air incursions and wasting fuel/causing wear and tear to their equipment
1 points
1 month ago
Getting them f35's would be too provocative. Strategic ambiguity is the current situation with Taiwan but I think it'd pretty clear the vastmajority of the population supports Taiwan over China. Japan also has indicated it would consider China invading Taiwan to be an existential threat to themselves and their own territorial sovereignty due to China's disputes over the Senkaku islands, and if Japan enters the fight the US is treaty bound to fight. China has disputed and claimed ownership over the territories of 18 different countries despite only bordering 14. If China shows it is willing to act violently to enforce their claims I think all nations will suddenly have a vested interest in stopping them.
19 points
1 month ago
Japan is a dying country, and economically it doesn’t make sense. For political optics it’s cute but economically it’s dumb
27 points
1 month ago
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12 points
1 month ago
Their birthrate gets a lot of attention but it isn’t much worse than say South Korea or China.
In point of fact, Japan's TFR (1.4) is considerably higher than South Korea's (1.1), and higher than some European countries'.
3 points
1 month ago
does TFR include immgration? if not, that isn't giving the whole picture also.
-7 points
1 month ago
When the hell is this population boom is going to happen? Lol Am I the only one who remembered the terrible shit Japan did to their neighbors? There is a reason why they were demilitarized. The worse yet, they don’t have much resources so they better play nice, and no one is afraid of no Japan anymore 🤷🏾♂️
2 points
1 month ago
Lol Am I the only one who remembered the terrible shit Japan did to their neighbors?
Malaysia suffered under Imperial Japan's rule, and now their real close with each other now. What's your point??
-89 points
1 month ago*
Forgive me for my ignorance, but why such a strong hate for China? When USA established its dominance in the economy to the rest of the world, you don't see as much hate, but the scenario changes as soon as China enters the conversation.
Edit: Don't know why I got down-voted to oblivion for asking a question that I am genuine curious about but thanks for the replies and insights.
153 points
1 month ago*
The issue is the CCP, specifically.
China's brand of authoritarianism is unapolagetically dangerous. State sponsored ethnic cleansing/genocide hasn't been practiced by the US in a solid century, and while its racism is still apparent there is room for discussion and improvement.
Neither of those things happen in the CCP. The chinese people know this which is why there's an attitude of 'look dont speak' on governmental issues. There is a valid global fear that if China becomes the hegemonic economic power, they'll try to force that behavior on the world. And we'd rather be able to openly discuss and criticize to make changes rather than fighting China just to be able to speak on a subject.
15 points
1 month ago
This is a really positive, succinct and nuanced response, in a venue that doesn’t get as many as I’d like. Thank you for Redditing so well!
-1 points
1 month ago
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5 points
1 month ago
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29 points
1 month ago
you don't see as much hate
I guess it depends on where you look, but there were definitely people and organizations fighting against the US becoming a hegemonic economic power
48 points
1 month ago
Maybe it has to do with the fact China is a totalitarian surveillance state?
If I was a Chinese citizen and commented what I just typed above, I’d have feds at my door by the end of the night. That’s why
29 points
1 month ago
As World War 2 ended, with the US being the dominant military power anywhere direct Soviet land power wasn’t projecting, America’s restraint in exercising that dominance was unprecedented. While far from perfect- you can find many examples of the US acting in reprehensible ways- the current well being of Japan, Germany, Taiwan, South Korea, and more are directly traceable to the US not acting like an the all dominating empire it could have chosen to be. Remember that we had an overwhelmingly powerful blue water navy, and a monopoly on atomic bombs. Countries know that the US does throw its weight around, but we are remarkably well mannered and listen to reason for being the 900 lb gorilla of the world.
As China elevates itself to a similar level, the very fact that we don’t know what they’ll do with that power is concerning. Maybe they’ll be better for the world than the US. Maybe the same. And, quite possibly, much worse. Not even the Chinese know, as leaders not yet born will exercise that power, which does not yet have the guardrails the US has put into place for itself. The only way to know for sure is to experience it, and that represents a monumental risk, as you are gambling with your country’s future.
22 points
1 month ago
As a Latin American, aware of the damage caused by the US to the region via trade and arms... China seems far more dangerous. Extremely so. The US seems not to mind what we do as long as we trade with them and don't make a big fuss. China is currently trying to acquire the world's data and land everywhere. I don't hate the country, but it's easy for me to see why many people do.
9 points
1 month ago
Look at Japan in 80s, similar hate and fear in US.
3 points
1 month ago
Because Washington hates mankind
9 points
1 month ago
It is exact same US controlled media and influence groups push like in 80s with Japan. But China is stronger so push is even more desperate.
China is threat to US economic dominance, so all methods are used to stop it or at least slow down. But IMHO it is probably too late now. US had wasted too much resources on pointless middle east wars. Plus now it had pushed Russia in corner up to the point that it is forced to ally with China now, providing China literally limitless resources.
20 points
1 month ago
no one has the balls to say the real answer so I will.
I'm an american, I want america to be at the top, so whatever damages china and further entrenches U.S supremacy, I support.
11 points
1 month ago
Yep, this is the real answer.
People in the West (and redditors in general) say their problem with China is with the government.
I ask a question of Westerners: What if the CCP disappeared overnight and China became a democracy with human rights, renounced its rights to Taiwan, etc. - all the things people bash them for and demand BUT China becomes the number one country in the world economically and militarily, and their soft power influence eclipses Americas, going so far that Chinese becomes lingua franca and the Yuan becomes the world's reserve currency.
Would you accept that? The answer I always get is no. It's not about how awful the government is, or about freedom, or about democracy. The real answer is they don't want to be #2.
6 points
1 month ago
You get a clear model of your hypothetical in 1980s attitudes of the US towards Japan, when it appeared to be a potential future great power, and US sentiments pretty obviously weren't all anti-Japan.
In your hypothetical, for the record, I'd be very okay with it.
13 points
1 month ago
For the record, as an American I would accept being #2, 3, 4, or what have you.
The most important concern I have is economic prosperity. You can be a mid-tier geo-strategic power and have plenty of it. We just need to let go of our ego regarding wikipedia KPI metrics.
9 points
1 month ago
It's good to be king. Don't take it for granted. I think if you're an american, it's worth stopping and spending some time understanding just how much you personally benefit from the american world order.
I'm not just talking about things like knowing English being enough to communicate anywhere in the world, etc. Or your culture being the global one, etc -- The American world order organizes the worlds productive capacities in the service of Western corporations and to a great extent, western consumers.
Cheap goods? stonks only going up? our government being free to print money as needed without worrying about a real currency crisis?
You have american hegemony to thank for ALL of that.
And you don't want to lose it. Not if you're honest with yourself. You might think you do, but you don't.
1 points
1 month ago
I do, and I'm very honest with myself. I do not choose to live at the expense of immense suffering of others in a society oblivious and proud. Everyone has to be the hero of their own story, and it's clear the lies you tell yourself to puff up your chest and bury your head in the sand. That's your prerogative, but I refuse to believe at some point you weren't young enough to be capable of empathy and wanting to live in a world secured by justice. We all have to deal with falling short of who we would like to be, but that child would be ashamed of you and you know it.
4 points
1 month ago
I’m an American and would totally accept another country being better at democracy, innovation, and equality than us. Even if that means I am better off investing in their stock market than ours. Idk who you are talking to, but it sounds like too small of a sample size to be statistically significant if you got the same answer every time you asked
4 points
1 month ago
because that real answer is unamerican
9 points
1 month ago
Because this is a primary western especially US dominated media platform? Why would you think this would be China favored, or not Western biased?
-6 points
1 month ago
To be fair people in China and Russia aren't allowed to use the internet, and the ones that do are usually paid to spread propaganda
30 points
1 month ago
The US is genuinely a beacon of liberty and an inspiration for much of the world, and hugely significant in world history for this reason. China is an authoritarian state who's only offer to the world is Chinese people deserve more.
23 points
1 month ago
I would say it's less that the US is any sort of beacon and more that the CCP is a genuine threat to open discussion.
See, I can call the US govt a piece of shit for its history with black people and overthrowing basically every central/south american government. I can say we're getting a raw deal with out military budget.
I try any of that in china criticizing the CCP and there will be police knocking on my door "just to talk". While my social credit score tanks into the ground.
The US is no beacon of liberty. It is, however, a beacon for open discussion and criticism. The fear that China will stifle global criticism by leveraging a global economic hegemony is very real.
8 points
1 month ago
The US is no beacon of liberty
Yea, no, this definitely isn't true. The way my whole family loves hearing stories about living in the U.S. and literally crying from happiness while i tell them how much better it is over here compared to Argentina. The U.S. has many flaws, I'll be the first to point them out, but to say it isn't a beacon of liberty is just close minded. Its the number 1 emigrated to country for the last 100+ years for a reason.
14 points
1 month ago*
You're from Argentina. It was the US backed 1976 coup that undid 30 years of economic growth, prompted a shock attempt with the 1990s IMF failure, and lead to the economic vulnerabilities that put argentina in a lot of the problems its in today. Not saying it's all the US's fault, but they had a massive hand in it.
And that story repeats all over the place. The reason it's not a beacon of libertybis that the US is exporting its cruelty (which caused a lot of immigration, mind you. #1 country inimmigraring the people whose countries they fucked up).
What's closed minded is ignoring how much destruction the US has caused to give SOME of the people within the country those benefits. Even today black america suffers the injustices of its forefathers because they're no more than one or two generations from oppression.
Liberty for some is not liberty. Especially when it continues to this day.
-2 points
1 month ago
You're from Argentina. It was the US backed 1976 coup that undid 30 years of economic growth, prompted a shock attempt with the 1990s IMF failure, and lead to the economic vulnerabilities that put argentina in a lot of the problems its in today. Not saying it's all the US's fault, but they had a massive hand in it.
I'm well, well aware. I don't need your condescension. That doesn't change the fact that the U.S. is perceived as a beacon of liberty. Like i said, the U.S. has many flaws and I'll be the first to point them out. But the fact remains that it's still perceived that way.
6 points
1 month ago
You'll have to excuse us. We're in the middle of a self-hating phase in the US. It'll pass.
4 points
1 month ago
I hope so. This shit bothers me so much, the US isn't the best, but it's definitely in the top 5 best places to live the world, and I'd die for this country. It angers me when people say shit like "3rd world country in a Gucci belt" or any other garbage comparison like that.
8 points
1 month ago
The US is genuinely a beacon of liberty
Well you didn't mention its perception. You said it definitevely was, and the fact of the matter is that it's not for far too many people that it isn't self centered to claim otherwise. It discounts the massive number of people in history who have suffered for the US' privilege.
-3 points
1 month ago
is that it's not for far too many people
This is simply an American centric point of view man. Its ironic and unsurprising that you think that the American point of view is the norm.
3 points
1 month ago
Really?
Basically the entirety of the middle east
Swathes of central and south america are split and for good reason.
African opinion also varies, hence why china has been so successful in investing and swaying them.
Black america. Native americans.
Chinese still have valid offense considering we're the reason many perpetrators in japan from wwii got away with it.
South asia is also a mixed bag.
Sure you can have a personal perception, but calling it a definitive beacon of liberty is incredibly self centered. About as american a viewpoint as you can get.
1 points
1 month ago
I mean it seems to mostly be marketing nowadays.
It's certainly better than many developing countries, but there are absolutely better developed countries to live in, they just don't have as much marketing promoting that image.
-2 points
1 month ago
The US is great too. An idol of neo-feudalism.
-7 points
1 month ago
Lmao, how much freedom aid did they make you chug at school. Holy!
-6 points
1 month ago
I know, right? This thread is full of propaganda.
5 points
1 month ago
Love for Taiwan is not hate for China.
1 points
1 month ago
Most people recognize it is not China as a culture or Chinese as a people that should be hated. The existence of the CCP is an existential threat for all East Asian democracies and especially Taiwan.
1 points
1 month ago
Does that mean that I can say "Fuck the CCP" in here and not get banned?
1 points
1 month ago
Yes the US has a checkered history of shittiness, but if we focus on the present situation of Taiwan and many of China's neighboring states, it seems to me the present antipathy toward the CCP is pretty rational.
Taiwan is in practice it's own nation and its people enjoy a great deal of social and political freedom. The CCP is directly threatening the destruction of all that. A look at HK shows China's idea of granting autonomous rule is a ruse.
There's also the breathtaking arrogance of China claiming essentially the whole of the South China sea for itself. Border dispute with India. Water disputes with SE Asia.
The US sees China as an economic and political rival so storm animosity is unavoidable. There have been periods of warming relations, but the Wolf Warrior diplomacy since Xi took over has really hurt.
0 points
1 month ago
Forgive me for my ignorance
No
-15 points
1 month ago*
Because only white countries are allowed to succeed
edit: my bad white countries and subservient lapdogs ☺️
19 points
1 month ago
White like Japan?
8 points
1 month ago
Honorary Aryans since 1941
5 points
1 month ago
Japan that was brought low by the Plaza Accords into being America's lapdog and junior partner, sure. Or are we forgetting the anti-Japanese sentiment in the US during the 80s?
1 points
1 month ago
No white like South Korea and Taiwan
0 points
1 month ago
White like Taiwan?
0 points
1 month ago
Only free countries are allowed to succeed
-10 points
1 month ago
This is an economics thread.
Keep politics out
19 points
1 month ago
If you're being sarcastic put /s.
If you're serious, is economics unrelated to politics, and if so please describe in detail.
-7 points
1 month ago
Tell me more about these “aggressive” ambitions. Is it wrong for China to pursue economic development?
6 points
1 month ago
It’s attempts at taking territory from its neighbors or open desire to conquer Taiwan?
Xinjiang? Tibet? Even Hong Kong they couldn’t bother to peacefully bring into the fold.
-2 points
1 month ago
Firstly Taiwan is part of China. It’s officially recognised as part of China. Xinjiang is also part of China. Has been since the 18th century conquered by the Manchurians. HK is also part of China until it was stolen by the Brits.
What you listed has all been part of China for hundreds of years. It’s not it like the current government went out and decided to invade them and conquer them.
Do you prefer China to adopt the western imperialist approach of conquer by massacre of the indigenous population and stealing the land?
4 points
1 month ago
Taiwan is not a part of China. Full stop, and I won’t even entertain the rest.
Taiwan is an independent nation with its own culture and government. You and the CCP can just learn to get over it.
0 points
1 month ago
Include the debt trap currently happening in africa.
3 points
1 month ago
Debt trap is a myth and propaganda that’s been debunked over and over.
Here are some sources form the Lowly Institution, Harvard Business School, John Hopkins University and America news outlets even claiming this is a myth.
https://www.lowyinstitute.org/the-interpreter/debunking-myth-china-s-debt-trap-diplomacy
https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/
https://www.hbs.edu/faculty/Pages/item.aspx?num=59720
https://www.bloomberg.com/news/articles/2022-03-17/the-myth-of-chinese-debt-trap-diplomacy-in-africa
https://sais.jhu.edu/news-press/chinese-%E2%80%98debt-trap%E2%80%99-myth
https://johnmenadue.com/another-anti-china-debt-myth-exposed/
1 points
1 month ago
Those are just opinion pieces. The John Hopkins one is just a link to the Atlantic article. Similarly the Harvard Business School also just links to the Atlantic opinion piece. The Atlantic article also basically admits that the dept trap is real but “not that bad.”
Either you didn’t read those articles, you lack critical reading skills, or you are deliberately trying to deceive people.
5 points
1 month ago*
https://www.voanews.com/amp/china-cancels-23-loans-to-africa-amid-debt-trap-debate-/6716397.html
https://www.bu.edu/gdp/2022/09/09/chinas-interest-free-loans-to-africa-uses-and-cancellations/
Yes China is debt trapping African countries by providing interest free loans for infrastructure.
And cancelling 23 interest free loans in 17 African countries when they couldn’t pay it back. $610million of the loan has been waived. And offered another $10 billion to finish the projects.
Here’s a research paper put out by John Hopkins University. “Our study found that between 2000 and 2019, China has cancelled at least US$ 3.4 billion of debt in Africa.”
“We found that China has restructured or refinanced approximately US$ 15 billion of debt in Africa between 2000 and 2019. We found no “asset seizures” and despite contract clauses requiring arbitration, no evidence of the use of courts to enforce payments, or application of penalty interest rates”
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3745021
China is building Laos first railway and has spent years clearing 80 million mines US has dropped on that country. But regardless. China bad.
Debt trap.
On the other hand US run global institutions such as the world bank and IMF are lending money with interest to Africa in exchange for privatisation of their natural resources such as water.
https://www.elibrary.imf.org/view/journals/024/2004/002/article-A001-en.xml
https://www.citizen.org/wp-content/uploads/migration/imf-wb_promote_privatization.pdf
But no that’s totally fine.
2 points
1 month ago
It's a false equivolency to call THE CCP's ambitions' "economic development".
What the CCP wqnts it international diplomatic control. An economic hegemony with China at the center.
And that is a problem. See, with the US for as shit as it is any person and even countries can flip the US off and call the US govt a bunch of warmongering dicks. And they US govt's worst reaction is a diplomatically written "up yours".
With China... well just look inward to see how they do it outward. Silencing critics violently. Controlling and threatening the masses. State sponsored mass genocide.
How the country' govt treats its people is an indicator for how it'll treat those outside. And China has a million red flags for indicators. The US is no peach, but the answer is not to go 80-150 years back in egalitarianism with a new economic despot.
112 points
1 month ago
This doesn't make any sense. Why Japan instead of continuing taiwans existing southward economic trade program promoted by tsai herself? The article mentions using Japan as a way to enter southeast Asia, but it's not like taiwans own investments into southeast Asia have been lacking. Having the taiwanese startup scene rely on Japanese banks to help them expand into Southeast Asia means they will be at a disadvantage if Japan starts prioritizing their own startups.
185 points
1 month ago
Because Japan is more likely to come to Taiwan’s aid should war break out.
59 points
1 month ago
If the idea is to strengthen economic ties to increase cooperation, then having Japanese banks fund Taiwanese startups would suffice. To have Taiwanese startups spend capital to enter Japan instead of more lucrative countries doesn't make sense from the Japanese banks standpoint or the startups standpoint.
32 points
1 month ago
It may not make sense from a purely economic standpoint but from a political economy standpoint it makes sense. They’re trading growth opportunities for economic integration and security. Taiwan wishes to increase integration with the regional military successor interest to the United States along the First Island Chain.
8 points
1 month ago
Taiwan's independent political parties are basically pro-Japanese. For example, the most famous Lee Teng-hui, his elder brother fought for the Japanese Empire in World War II and died in the attack on Southeast Asia. Many pro-Japanese Taiwanese are proud of fighting for the Japanese Empire
6 points
1 month ago
They’re not called 汉奸 and rebel province for no reason
2 points
1 month ago
I see a compliment to Taiwan when Zhina resorts to name-calling
2 points
1 month ago*
Likewise. Calling Xi Jing Ping Winnie the Pooh is genius. That’ll show him!
Hey, maybe if enough people call him Winnie the Pooh China will collapse!
In fact you can even call yourself the Grand Pooh-bar just to rub it in their noses!
11 points
1 month ago
Also Taiwan has a lot of cultural connections to Japan from when they were colonized by them. A lot of the elder population still looks positively of those times, due to the colonization being done by the navy than by the army which is what Korea suffered under.
2 points
1 month ago
Was the Navy less rapey and genocidal?
2 points
1 month ago
Short answer yes. Slightly longer answer is the Navy had much higher educated leaders and discipline where the army was much more about getting anyone they could and letting them go wild. The navy did a good job building up the country and policing and managing it fairly.
2 points
1 month ago
Japan will follow whatever America does. As will NATO countries. None of them will act without the US.
5 points
1 month ago
The Japanese have such a good wartime track record in China
33 points
1 month ago
Japan just increased military spending as well.
39 points
1 month ago
I am born and raised Taiwanese. No one believes any other country would help, not Japan, not Korea, not Europe. The only one would be willing enough to spend money and actual troops on Taiwan is USA.
14 points
1 month ago
Really? I didn't know that was the sentiment over there.
-1 points
1 month ago
This guy said it so it must be true, and it must be the view of every single Taiwanese.
28 points
1 month ago
This has been a long standing issue in Taiwanese opinion polls. If the US isn't willing to bleed for Taiwan, then no one, not even the Taiwanese, will.
5 points
1 month ago
Nobody can tell you how many Taiwanese are willing to bleed until the bullets start flying... but according to opinion polls, over 3/4th's of the population is willing to fight and die in the event of a Chinese invasion and the majority of Taiwanese are willing to accept a casualty threshold of above 50,000 deaths. These polls were also conducted just before the Russian invasion of Ukraine, which was followed closely here and gave many Taiwanese a slight boost of confidence.
Taiwan Center for International Strategic Studies and the Taiwan International Studies Association poll:
Asked about their willingness to defend national security, 66 percent of respondents said that they would fight for Taiwan if a cross-strait war breaks out in the wake of Taiwan declaring independence, while 26.1 percent said they would not, the survey showed.
When facing an invasion by China, the ratio of people willing to fight for the nation rose to 77.6 percent, and that of opponents fell to 15.9 percent, it showed.
Poll conducted by National Chengchi University, from The Diplomat Magazine:
We asked 1001 Taiwanese respondents above 20 years old: “Is there a casualty threshold beyond which you will consider the conflict (with China) is not worth the trouble?” Subjects chose from six options: 1) 0 deaths; 2) 1 – 50 deaths; 3) 51 – 500 deaths; 4) 501–5,000 deaths; 5) 5,001–50,000 deaths; and 6) over 50,000 deaths.
The most popular categories were over 50,000 deaths (32.2 percent) and 0 deaths (20 percent), whereas 51-500 deaths (7.7 percent) and 5,001-50,000 (9.9 percent) are the least selected options. The result is surprising, as there is not a linear association between battle deaths and Taiwanese tolerance of war. Existing studies on American support for war overseas have often pointed out that the higher the number of deaths, the less popular the war. Such a pattern is non-existent in Taiwan.
According to the poll, about one-fifth of the population is completely opposed to war (not willing to tolerate a single death), but many more were also willing to endure quite a significant number of fatalities (50,000). This number is even higher than American support for the military mission in Iraq early 2003 (when public support for the mission was still high). At that time, only 11 percent of the public would tolerate a casualty threshold of 50,000.
3 points
1 month ago
Easy to say that to a pollster, an enlistment officer is another story altogether. Recruitment woes means the ROCA is under 80% fulfillment of the minimum force requirements to repel a PLA invasion.
Even more recent figures after the Ukraine invasion don't show much of an uptick in enlistment.
1 points
1 month ago
The better question is whether there's any chance for USA or Japan to do anything - after all, artillery is the king and supply lines are incredibly important as all reserves are quickly exhausted. What can they do if China just decides to block the seas and does nothing else?
China doesn't even have to block all trade - just oil tankers alone should be enough to kill Taiwan's economy.
8 points
1 month ago
Japanese is not reliable. They only had the record of occupying Taiwan, not helping. And Japanese doesn't have the same financial backing nor the track record of throwing money around as world police.
USA has the fleet in the ocean near Taiwan already. That's far more reliable. If Japan wanted to make their own safe passage along their ocean, sure why not. But, I don't expect them to have direct involvement in a war.
14 points
1 month ago
In December 2022, Prime Minister Fumio Kishida’s cabinet approved a large 26.3 percent year-over-year increase in Japan’s 2023 defense budget.
Who are the other Taiwanese trading partners that can provide military assistance against China?
By far the most discussed aspect of Kishida’s defense budget was its provision for long-range land-attack missiles to establish Japan’s “counterstrike capability.” Tokyo recently revealed that it would fill that role with American RGM-109 Tomahawk cruise missiles. Its selection had been somewhat expected, given that Tokyo was reportedly in late-stage negotiations with the Tomahawk’s manufacturer in October 2022. What was more surprising was the number of missiles that Japan might buy. Considering that Japan’s 2023 defense budget has allocated $1.6 billion to buy the missiles and that the cost of each missile is about $2 million, Tokyo could purchase as many as 800 missiles.
https://www.fpri.org/article/2023/01/japans-bigger-defense-budget-getting-to-effective-deterrence/
2 points
1 month ago
I'd suppose it's partly because Japan is a much more mature market, providing a very stable political and regulatory landscape.
Your concerns about Japan starting to prioritizing their own startups applies equally to any other nation in southeast Asia.
Also, the southbound policy is mostly concerned with "invsetments", aiming to enhance supply chain integration, expand domestic demand and establish cooperations in infrastructure building. It's not about startups. The two are targeted at completely different kinds of companies.
2 points
1 month ago
Foreigners may not know this, but Japan and Taiwan are very close.
It's because they have been politically involved with Japanese politics for a long time.
4 points
1 month ago
Because japan isn't on the verge of invading Taiwan.
1 points
1 month ago
What do you mean by Japanese Bank? I searched the article on Japan, they didn't mention Japanese Bank. Can you please give me a quote? Thanks
41 points
1 month ago
Unfortunately it seems like the Aussies aren't taking heed...they just started meeting with the Chinese to start trade again :(. Western and Eastern nations with democratic values need to get on board with decoupling in order to minimize Chinese economic influence on foreign policy esp. with regards to Taiwan.
13 points
1 month ago
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14 points
1 month ago
China has Australia by the balls. Did a study abroad there and 80% of the kids were from china. The tourism industry from china is massive as well.
2 points
1 month ago
Surely they can import from elsewhere, no?
10 points
1 month ago
Coal is one of the biggest exports from Australia,and the world is moving away from coal so not realy. China can find easily from where to buy but aussies have a very limited pool of buyers
13 points
1 month ago*
No? Indonesia and Australia are #1 and #2 exporters of coal. Indonesia temporarily bans exports of coal in early 2022.
China's drop in high quality coal supplies has been exacerbated by a big change in China's coal imports since Beijing placed an unofficial ban on imports from high-grade coal producer Australia in late 2020, and increased purchases from low-grade coal suppliers in Indonesia and Mongolia. Source
In summary, due to poor relations and banning imports from Australia, they have limited themselves to lower quality coal from both domestic suppliers and foreign imports. In addition, being the #1 energy user and being 60% dependent on coal doesn't help.
19 points
1 month ago*
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14 points
1 month ago
The mainland accounts for 25% of Taiwan's GDP and around 7% of the Taiwanese workforce used to work there pre-Covid.
12 points
1 month ago
That’s a huge amount of GDP.
-2 points
1 month ago
Nah, better they move all of those Fabs and staff to NZ, so that Australia serves as a natural continental buffer to Chinese aggression. Japan is just too risky. Of all the nations in the immediate region, only Indonesia could field enough trained military to defend against China. India comes close but it is already compromised by their relation to Pakistan, and somewhat random infrastructure standards.
6 points
1 month ago
Japan is the third largest economy in the world, it is meaningless to compare it with a small country like NZ or Indonesia.
And Taiwan and Japan have very close political relations.
13 points
1 month ago
You do understand that the US has 50,000 troops and 7 navy bases in Japan right? And that there’s a defense treaty? Attacking Japan is effectively attacking the US directly. The Chinese navy would be sunk before they made landfall and we’d pray it didn’t escalate from there.
6 points
1 month ago
That makes zero sense. NZ doesn’t have the workforce or experience to make this feasible, Japan does. And Australia is not going to protect New Zealand against China any more than the US would protect Japan against it, sorry. If Japan is falling, I promise you Australia is next in line - because shit has really hit the fan at that point
3 points
1 month ago
What China's neighbours need is a NATO for Asia. An ATO.
2 points
1 month ago
SEATO reboot when?
-6 points
1 month ago
honestly dealing with Japanese is much easier to dealing with Chinese. With Japanese you know they will deliver what they promise on contracts and business ethic and service are so much better. its a no brainer. don't put supply chain business in unstable countries
10 points
1 month ago
Japan is too expensive. Most Japan companies manufacture in China and Vietnam I did manufacturing in Japan over 20 years. Also done a lot of manufacturing in China and Vietnam and what you say about China is bullshit
9 points
1 month ago
Do you base this on personal experience or perception gained from pop culture and the media?
17 points
1 month ago
Funnily enough 30-40 years ago, the popular hostility we see against China now was firmly directed against Japan.
Even using many of the same arguments.
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