SoylentNews is people
SoylentNews
Chinese telecom giant ZTE said its major operations had "ceased" following last month's US ban on American sales of critical technology to the company.
[...] The Shenzhen, China-based company has been spending an estimated 80 million to 100 million yuan in daily operational expenses, while most of its 75,000 employees sit idle, sources told the news outlet. ZTE had been working to get the denial order overturned and had pegged its hopes on broader bilateral trade talks between the US and China. Earlier this month, President Donald Trump sent a surprising tweet on ZTE that called for the Commerce Department to find "a way to get back into business, fast."
However, the House Appropriations Committee unanimously approved an amendment to a bill that would uphold sanctions against the company, delivering a sharp rebuke to Trump.
(Score: 4, Insightful) by Snotnose on Wednesday May 23 2018, @11:10PM (6 children)
This. If you can't do the time don't do the crime.
When your business requires imports from country A, then A says that if you sell to country C then we'll cut you off, and you sell to C anyway, then, well..... Shit happens.
When the dust settled America realized it was saved by a porn star.
(Score: 0) by Anonymous Coward on Wednesday May 23 2018, @11:26PM
Pretty much fuck America. They literally starve children and withhold medicines until...the country they are killing becomes friends? That's stupid. Just as stupid are the other countries that brown nose and think it's a good idea.
(Score: 4, Interesting) by c0lo on Thursday May 24 2018, @12:40AM (2 children)
It wouldn't be the first time US traded short term over medium and long term advantages.
The reason the Chinese are now a serious contender in the Moon race stems from the Chinese exclusion policy of NASA [wikipedia.org]
Something about keeping your friends close and enemies closer.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by Spamalope on Thursday May 24 2018, @01:01AM (1 child)
There is surely an argument to be made that this is closing the barn door after the horses have gone.
Nasa expertise is applicable to ICBMs. Giving someone who has some pointed at you a hand with rocket tech may not be the brightest thing. (I'm assuming that the espionage barrier is so low at Nasa that they get it anyway though)
(Score: 2) by c0lo on Thursday May 24 2018, @03:05AM
So it's Russia's. And the knowledge/technology transfer from there predates the ban.
Not to mention China had good-enough ICBMs for some time.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1) by anubi on Thursday May 24 2018, @06:19AM (1 child)
If anything, that will teach the Chinese to not be reliant on the USA for anything critical.
Just as many of us are extremely leery of trusting any business with anything we MUST have.
Once we have no alternatives, we are ripe for the raping.
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
(Score: 3, Insightful) by quietus on Friday May 25 2018, @02:54PM
Not just the Chinese. Everybody [outside the US, that is].
What you have here is one actor who blatantly claims the rule of the strongest.
In such a world, multilateral treaties do not really count anymore, and everything about international trade becomes uncertain.
Business hates uncertainty. Stock exchange players love it.