China hits Lockheed Martin and Raytheon with export ban after US arms sales to Taiwan
(www.independent.co.uk)
from MicroWave@lemmy.world to world@lemmy.world on 02 Jan 2025 23:21
https://lemmy.world/post/23823169
from MicroWave@lemmy.world to world@lemmy.world on 02 Jan 2025 23:21
https://lemmy.world/post/23823169
Summary
China has imposed an export ban on dual-use products to 28 U.S. defense contractors, including Lockheed Martin, Raytheon, Boeing, and General Dynamics, in retaliation for U.S. arms sales to Taiwan.
Ten firms were barred from trade and investments in China.
Beijing condemned the arms sales, citing violations of the One China principle and threats to Taiwan Strait stability.
The ban follows Taiwan’s recent receipt of advanced U.S. military equipment, including Abrams tanks, as the island bolsters its defenses against China’s military activities.
#world
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I imagine Washington and Beijing are probably in some degree of concurrence about US defense contractors not having a supply chain that goes through China.
Not really, they’re the one country besides Israel that the US will never invade or go to war with, since it would permanently end the US economy.
Note China needs American money just as much as America needs Chinese junk.
Actually they don’t. Their own middle class is outspending the US, and brics ensures the US isnt ever the primary consumer market ever again.
The U.S. spent over half a trillion dollars on Chinese goods in 2022. You’re telling me they don’t need that?
ustr.gov/…/peoples-republic-china
The country with a 17 trillion usd GDP? Yeah the half trillion in exports isn’t that important.
Sorry… 5% of their GDP isn’t that important?
What the fuck are you talking about?
Correct, 5% of GDP, specifically from the private sector, would not effect China. It’d make some investors mad, but no one would lose their home, no one would starve, hell they wouldn’t even be out of work unless they refused public sector jobs - of which there are nearly twice as many as private sector jobs.
This is some real ignorance of basic macroeconomics.
What basic macroeconomics? The fact China’s economy is insulated from capital and isn’t reliant on imports anymore?
China isn’t a capitalist nation in anyway. They have a private market, which cannot effect the rest of the economy.
You could have saved a lot of time by just telling everyone that you’ve never been to China and have no clue how it really operates. The Nordics are more communist than China.
I do love it when people tell me a nation with a massive stock exchange and over 800 billionaires isn’t capitalist.
The nordics have less than 40% of their economy in the private sector? Got literally any sources for that little one?
Do you think that makes China communist? Could you share your definition of communism? Because I don’t think it’s Marx’s.
Oh no, you’ve never read theory or anything even marginally related to economics from anything but a corporatist perspective.
I’m so sorry.
Anyway this discussion is above you. China is a socialist state. They are a dictatorship of the proletariat, not of capital. Their economy is centrally planned. Their economy is 60% publicly owned. The part of the economy that is a private market has nothing to do with anything essential to life. No part of Marx nor Lenin’s work precludes a market economy. Not one single part.
Read your theory.
Apparently they couldn’t. They could accuse you of not reading your theory though.
You realise that during the great recession GDP dropped by less than 5% in the US right?
I will never not laugh at BRICStards. BRICS is and always will be a joke. It’s a fabrication by Goldman Sachs that needy despots latched onto and are trying to manifest into reality because they’re jealous of not being part of NATO.
NATO has nothing to do with brics. Given you have no idea how Chinas economy works I guess I shouldn’t have expected you to know the difference between economic and military pacts.
Over half the world’s GDP and population are a part of brics btw.
NATO is not only military. It never has been. It’s ideological.
Oh sorry I didn’t realize this was a parody account — carry on.
It’s not really a NATO “common defense” analogue and more of a G7-style economic partnership among countries not in the G7.
visualcapitalist.com/charted-comparing-the-gdp-of…
Coming in HOT with the delusions this morning.My bad, this is a shitposting account guys. It’s just jokes.
The 1800s want their predictions back
I think you misunderstand the complexity of the situation. The US would go to war on behalf of our economic interest and allies depending on the leadership, but not likely initiate itat the moment. China is under immense pressure of a different type and may use military might in the future to change it’s power, but both have challenge which make your statement too black and white to be valid. It’s more gray.
The following are all Foreign Affair, but give good long form context to current challenges.
foreignaffairs.com/…/why-china-wont-give-failing-…
foreignaffairs.com/…/chinas-real-economic-crisis
foreignaffairs.com/…/chinas-gray-zone-offensive-a…
foreignaffairs.com/…/why-china-isnt-scared-trump
The chances of the US shooting its own dick by deciding to invade another country can sometimes be low, but they’re never zero.
Good. Any country that did the right thing and supports the Republic of China should be morally opposed to any dealing with the PRC & the CCP. Keep standing for Hong Kong, Taiwan, and oh yeah, Free Tibet
It’s crazy to me that the Tankies don’t even believe Tibet is being oppressed. Like, they really don’t even know about it.
Some random images, some less relevant than others:
<img alt="" src="https://lemmy.world/pictrs/image/51c63c92-576d-4ba1-bfbc-6496ef53afce.jpeg"> <img alt="" src="https://lemmy.world/pictrs/image/f3afb20e-fba5-4a20-b5b4-41bc938c892d.jpeg"> <img alt="" src="https://lemmy.world/pictrs/image/2192a5f7-25d7-4c77-9f5b-9c53af7dfe22.jpeg">
I’m surprised they hadn’t already
Probably not the best plan by China, with little under 3 weeks until Trump…
China: It’s only for Dual-Use items!
Trump-US: Oh no, you said Boeing, so no more Airliner parts.
And risk pissing off Elon Musks boss?
Please sanction us more, China. Nothing would make me happier than a total economic disconnection from your genocidal state. We normally have to work very hard to accomplish this.