https://www.bloomberg.com/news/arti...month-for-trade-deal-as-talks-stay-deadlocked Will China cave to Trump, or play the hard line and tell Trump to go thumb himself?
It will be either good or better for many more months. And if Trump is re-elected, then it will get even better for another 4 years.
Liu seems to be a decent guy. Overall he's positive and rational but he has to dole out those "harsh tones" from time to time, most of the time just to please the "hardliners" back home in China who don't really understand trade negotiations and take things personal with the view that US is hurting the dignity of China and blah blah blah and China has to appear tough. There are idiots everywhere. What do you expect?
No one twisted Corporate America's CEO's arms to turn over intellectual rights. China had cheap labor and the CEO's smelled money so they made the trade off, but it was one of those "pay now or pay later" deals and later is more expensive. The original CEO's are all long retired on fat stock options and these CEO's are crying foul. Sour grapes.
Uh correction: Somebody did twist the arms of those Corporate America CEO's: The Chinese government. In order to do businesses in China, it is mandatory that you do what is called "technology sharing" with the Chinese and many times you are forced to go into partnership with Chinese firms which will be actively sharing in the profits and sharing in the knowledge of the technology. China is never content in just providing cheap labour to western companies; it wants to "learn" the technology behind the western products for themselves, improve upon them and then eventually compete and ultimately overtake the west. Nobody's twisted the arms of the west to go to China per se, but if any western companies want to go to China to do business, their arms are basically twisted. So it's really a twisting of arms that have no choice but to be twisted. The West should've just developed robotics technologies for cheap labour like Japan instead of going to other countries. It would've been lot more cost effective in the long run and the West would've never have to worry about technology theft other than overt corporate espionage. Now it's too late. China's already got the technology and is getting ahead. And the West is seeing technologies that's developed with the efforts and hard work of 2 generations of people taken all for getting cheap labour. And now the race starts all over again...
Hi JSOP, the CEO's could have left there corporations here in the states, but they Chose to transfer technology to China. Etch o Sketch had there arm twisted by Walmart along with other corporations to move outside of USA so prices could be reduced. It wasn't China's fault but walmarts. Maybe all roads lead back to Wall Street and chasing the almighty dollar.
No one twisted anyone else's arm. Business is business ... even when it is with a foreign gubmint. Buyer and seller beware. Or else.