Interesting times :)
Wow, the world is getting a bit crazy here :)
I thought China would moderate after this mess but they continue to drive the bus off the cliff. They move forward with the HK security law and now the news is breaking about forced population control of the Uyghurs. That does not play well in the rest of the world.
Does China think the rest of the world is unable to make stuff somewhere? They might be right, but that seems like a pretty big gamble.
I would imagine a lot of countries are saying how can we back out of this deal over the next 10 years? How can we saddle China with persistent 30% to 40% unemployment and keep them busy domestically?
It is hard for me to think Huawei is going to get bids now. It seems possible the 2022 Beijing Olympics will be a boycott fest. It is hard for me not to think the new American administration will go pretty hard line against them… we shall see, but it seems like the rest of the world is lining up against them. Not to say the rest of the world is united in any way, but China is doing a good job of trying to help them.
With how 2020 has gone so far, it makes me think Tawain is about to get invaded and WW3.
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