Stories
Slash Boxes
Comments

SoylentNews is people

posted by janrinok on Wednesday May 23 2018, @09:50PM   Printer-friendly
from the ouch dept.

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.


Original Submission

This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
(1)
  • (Score: 1) by Sulla on Wednesday May 23 2018, @10:21PM (3 children)

    by Sulla (5173) on Wednesday May 23 2018, @10:21PM (#683301) Journal

    Trump said he wanted to shave 200 billion from the trade deficit. Lets shave off this 1.5%.

    --
    Ceterum censeo Sinae esse delendam
  • (Score: -1, Troll) by Anonymous Coward on Wednesday May 23 2018, @10:23PM

    by Anonymous Coward on Wednesday May 23 2018, @10:23PM (#683302)

    Since US is doing this to punish ZTE for selling to Iran, and US mideast policy is dictated by Israel, you could call what happened to ZTE's 75,000 employees a holocaust.

  • (Score: 5, Informative) by GreatOutdoors on Wednesday May 23 2018, @10:57PM (14 children)

    by GreatOutdoors (6408) on Wednesday May 23 2018, @10:57PM (#683312)

    They shouldn't have been selling to IRAN. Pretty simple. If they want to do business with us, they need to follow the established rules.

    --
    Yes, I did make a logical argument there. You should post a logical response.
    • (Score: 4, Insightful) by Snotnose on Wednesday May 23 2018, @11:10PM (6 children)

      by Snotnose (1623) on Wednesday May 23 2018, @11:10PM (#683315)

      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.

      --
      Why shouldn't we judge a book by it's cover? It's got the author, title, and a summary of what the book's about.
      • (Score: 0) by Anonymous Coward on Wednesday May 23 2018, @11:26PM

        by Anonymous Coward on Wednesday May 23 2018, @11:26PM (#683318)

        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)

        by c0lo (156) Subscriber Badge on Thursday May 24 2018, @12:40AM (#683332) Journal

        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.

        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)

          by Spamalope (5233) on Thursday May 24 2018, @01:01AM (#683342) Homepage

          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

            by c0lo (156) Subscriber Badge on Thursday May 24 2018, @03:05AM (#683390) Journal

            Nasa expertise is applicable to ICBMs.

            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)

        by anubi (2828) on Thursday May 24 2018, @06:19AM (#683442) Journal

        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

          by quietus (6328) on Friday May 25 2018, @02:54PM (#684035) Journal

          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.

    • (Score: 5, Insightful) by RamiK on Thursday May 24 2018, @12:42AM (5 children)

      by RamiK (1813) on Thursday May 24 2018, @12:42AM (#683333)

      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.

      --
      compiling...
      • (Score: 1) by Acabatag on Thursday May 24 2018, @01:11AM (4 children)

        by Acabatag (2885) on Thursday May 24 2018, @01:11AM (#683347)

        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)

          by RamiK (1813) on Thursday May 24 2018, @01:41AM (#683355)

          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.

          --
          compiling...
          • (Score: 3, Insightful) by anubi on Thursday May 24 2018, @06:28AM (1 child)

            by anubi (2828) on Thursday May 24 2018, @06:28AM (#683443) Journal

            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

              by RamiK (1813) on Thursday May 24 2018, @09:49AM (#683480)

              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.

              --
              compiling...
        • (Score: -1, Troll) by Anonymous Coward on Thursday May 24 2018, @09:00AM

          by Anonymous Coward on Thursday May 24 2018, @09:00AM (#683475)

          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.

    • (Score: 1, Interesting) by Anonymous Coward on Thursday May 24 2018, @09:51AM

      by Anonymous Coward on Thursday May 24 2018, @09:51AM (#683481)

      If they want to do business with us, they need to follow the established rules.

      Enjoy the illusion you are still establishing the rules while it lasts. It won't last long [theguardian.com]

  • (Score: 1, Redundant) by Anonymous Coward on Thursday May 24 2018, @02:04AM (2 children)

    by Anonymous Coward on Thursday May 24 2018, @02:04AM (#683361)

    Gotta love how the media spins every story against Trump. Just maybe the House is playing bad cop so Trump can be the good cop.

    • (Score: 0) by Anonymous Coward on Thursday May 24 2018, @03:25AM (1 child)

      by Anonymous Coward on Thursday May 24 2018, @03:25AM (#683396)

      You're assuming that either side is competent enough to play good-cop/bad-cop.

      • (Score: 0, Funny) by Anonymous Coward on Thursday May 24 2018, @03:37AM

        by Anonymous Coward on Thursday May 24 2018, @03:37AM (#683399)

        If this were a Democratic administration with a Democratic House, the NYT would be writing glowing stories about how the masterful trade negotiations are going to extract Chinese concessions. I guess I do think Trump knows how to drive a bargain. And House Republicans acting tough on trade also helps their mid-term prospects.

(1)