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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: 5, Insightful) by RamiK on Thursday May 24 2018, @12:42AM (5 children)
You're assuming the US isn't violating a few China-imposed sanctions against S.Korea, Taiwan and/or Tibet among others. Or better yet, that the Chinese won't just come up with a few such sanctions just to retaliate.
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(Score: 1) by Acabatag on Thursday May 24 2018, @01:11AM (4 children)
Chinese sanctions against Tibet? They consider Tibet to be one of their provinces, pretty much.
And they sorta consider Taiwan to be an 'extremely autonomous region.'
(these are just the facts, I am not praising China for this)
(Score: 2) by RamiK on Thursday May 24 2018, @01:41AM (2 children)
It's a trade war. They can play this as dirty as they'd like. They have a few Tibet-related films and books censored. If a single electronic copy is found in China they can ban the publishers and studios over unlawful distribution of restricted content. For Taiwan they can just charge US companies operating in Taiwan and China for taxes under the premise it's their land and their taxes.
Really, the sky is the limit.
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(Score: 3, Insightful) by anubi on Thursday May 24 2018, @06:28AM (1 child)
I know if I was China, I would be actively learning how to make anything I needed, reverse-engineering, anything, regardless of patent or copyright.
No, I would not make any for sale... just know how to make anything I needed so just in case I was denied, I had alternatives.
Like insurance against the day I get that note saying "I have this thing youv'e gotta have, and I'm not gonna let you have any!", I would be in position to say "Ok, we'll make our own thing. The note will likely come back "You can't do that! You are in violation of my CopyRight!!!", with the reply being "We are at war. It does not make any difference, we can build stuff, and you can't.... go back to all your paperworks, while we go to our factories. "
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
(Score: 2) by RamiK on Thursday May 24 2018, @09:49AM
Yeah they've been doing that since the 80s when they first officially opened up to foreign investments. Before that they've been trading labor for machines (with Italy since at least the 60s) and reversed the equipment. When they've reached a certain degree of competitiveness the US was forced to roll over and thus the WTO and TRIPS came along to incentivize a normal technology transfer scheme. Though since the US was at such a disadvantageous negotiation position*, they just wrote the regulations Congress was willing to sign while enforcing what China was already doing. More on the specifics here: https://soylentnews.org/comments.pl?noupdate=1&sid=24704&page=1&cid=658245#commentwrap [soylentnews.org]
Anyhow, the dynamics between Congress, State department and the President are interfering with the negotiations to the point things might actually be headed towards less "look the other way while China forces 10 years max licensing" and more towards the reversing like you said. The real worry is that they might choose to drop off the WTO when they finally accept all those green dollars aren't worth the paper they're printed on if they can't buy them the tech they want and let them trade freely (without US imposed sanctions). Well, I doubt that will happen over just ZTE and Iran... But this isn't just ZTE and Iran now is it?
*The Chinese really didn't need the WTO. They had insane GDP growth and were reversing our tech well enough without us helping them. The reason they ended up signing it is because their upper classes were stuck with tons of USD and no where to spend it.
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(Score: -1, Troll) by Anonymous Coward on Thursday May 24 2018, @09:00AM
Their plan is to import sufficient males into Tibet so as to eliminate the Tibetian gene pool.
So far it is working well. Inroads have been made towards destroying the language too.
First they sent in the army. Rape whomever you want. Then they built a railroad. Soon it really will be just a province.