Dealing with China can be complicated.....

Discussion in 'Economics' started by themickey, Apr 23, 2021.

  1. themickey

    themickey

    https://www.arabtimesonline.com/news/dealing-with-china-can-be-complicated/

    forced-labor-camp-in-Xinjiang.jpg
    Satellite image of a forced labor camp in Xinjiang, China. (Source: International Cyber Policy Centre, Australian Strategic Policy Institute)

    .......So, a Chinese enterprise like Huawei receives generous Chinese state subsidies which allows Huawei to underbid its competitors to install telecommunications software and equipment in most of the countries of the world. But in return, the Chinese state gains the capability to the purloin data passing through the Huawei kit to serve intelligence purposes and the capability to do software updates to install kill switches in networks controlling key infrastructure. In return, Huawei can benefit from Chinese military intelligence capability to get critical information on competitors’ research and development and on project bids. The efficiency of the integrated Party-statemilitary- security-industrial complex to coordinate its response to assert and defend China’s economic and political interests is impressive......

    .......Finally, the PRC refused to release to Canada the Canada-China jointly developed CanSino vaccine that was proven effective against COVID-19, with no explanation. This withholding of the key serum resulted in Canada having to cancel construction of a $44 million facility to manufacture this vaccine in Canada. This Chinese retaliatory action over the matter of the Huawei CFO’s detention has led to unnecessary tragic loss of life, particularly of elderly seniors in Canada.

    So it is evident that the People’s Republic of China is not a trustworthy business partner. China’s promise of win-win strategic partnerships has proven to be unsustainable in the longer term. Larger PRC state agendas always trump reciprocal and fair contractual arrangements. There is no independent justice in China that a wronged foreign partner can turn to for legal recourse. Dealing with China can be complicated and hazardous.
     
  2. tsznecki

    tsznecki

    This is how dumb @themickey is, the Sinovac vaccine has at best 50% efficacy. Canada would not be better off taking China's vaccine.

    If you are going to slander, at least check your facts. Or are you too busy feeding the dingos in the outback? Oh I mean feeding your kids.
     
  3. canada812

    canada812

    Come on, Canada never purchased any covid19 vaccine from China, nor approved any of it. Canada did purchase lots of vaccine, at least four per person, but could not get delivery as these are manufactured in US and Europe and earmarked for these countries.