This is exactly the kind of thinking that allowed Japan and Korea to kick our arses in complex manufacturing. China has already surpassed us in terms of high-tech and quality manufacturing.
Great Wall cars say hello.
Yeah, improving. Meanwhile we make no cars.
Huawei 5G ban is as much about keeping the other manufacturers in the game as it is about the risk of a Chinese backdoor. Huawei 5G infra is not only better performing than all the other manufacturers, it's a lot cheaper too.
Huawei are already the Sony of Japan, Samsung of Korea. Won't be long before consumers around the world consider their kit alsongside the other two brands.
They made a big push into Australia a few years ago, with a lot of ads. But to be honest I've never seen one.
The difference between China and Japan/South Korea is the political system. Ultimately totalitarianism fails. Once the communist party loses its legitimacy, the whole place will descend into chaos. And even before that the economy will go south due to lack of freedom. China will end up more like Russia or Indonesia than Japan.
Indonesia is a democracy with a rapidly growing economy (at least prior to C19) so not sure about your comparison there.
Indonesia is a basket case. You need to get out of Jakarta more! And it's democracy is token at best.
Yeah, it's a developing economy Shad, I'm aware of uneven development. Prior to COVID19 economic growth was running at 5% annually - it's going to take a big hit from C19 but even so. It still has high levels of corruption but not around elections - it has a vibrant multiparty system. You are probably thinking of Soeharto era when the Golkar party had to win 90% of the votes.
Having a known mass murderer as one of the two presidential candidates doesn't really feel like a vibrant democratic system to me. I guess I'm an old school left winger.
Well worth the read.
‘Too far’: China’s massive miscalculation
One man. One party. One country of 1.4 billion people. Little wonder Chairman-for-life Xi Jinping is worried about maintaining absolute authority.www.news.com.au
The author has mistaken Somaliland for Somalia. Pretty amateur analysis IMO.
I thought we should have as a country these powers already. National interest must always come first.
Why is the belt and road program against our national interest?
I thought we should have as a country these powers already. National interest must always come first.
Because nothing comes for free and there's always a price to pay. Having seen what Belt & Road has done in Ghana that price is not worth paying for some shoddily built infrastructure.Why is the belt and road program against our national interest?