Exactly, China leads in lots of areas. 5G tech, quantum communication, bullet trains, nuclear power, just to name a few. People who keep claiming that China is just stealing and copying western tech are just ignorant racists.
Indeed, I'm completely against intellectual property as it holds back humanity as a whole for the benefit of enriching a small minority and creating inequality.
meanwhile in the real world 😂
One China policy is an internal US policy, and acknowledgement that Taiwan is part of China. In terms of international law, the only thing that matters is the fact that UN recognizes Taiwan being part of China. You keep on doing your mental gymnastics though.
I didn't lose any argument. All companies steal tech from each other everywhere all the time. The claim you were trying to make is that China somehow steals from the west at state level as a policy. Today, China is way ahead of the west in many areas technologically, I guess using your galaxy brain logic they must be stealing it from the future.
The best part here is that you genuinely think you made a good and coherent point. 😂
It's absolutely adorable that you think only Chinese companies do this, like corporate espionage doesn't exist in the west. 😂
That's not how anything works. China's currency isn't tied to the dollar, and it's controlled internally. Incidentally, this is one of the things US incessantly moans about. US has absolutely no leverage to force China to pay US, meanwhile as the article you yourself linked shows, US keeps paying China. Thanks for making it clear that you didn't actually read it.
China has plenty of buyers, that's the whole point of BRI and BRICS. Literally all of the world constitutes China's buyers with US being a small portion of that. China would be hurt by an economic war with US, but US would be completely devastated by it because US depends on essential products and commodities it can't get anywhere else. Meanwhile, people thought Russia would be ruined economically once being cut out of western economic system and here we are with even IMF now projecting growth for their economy. Incidentally, trade between China and Russia has already jumped to over 200 billion if you want to see an example of China replacing US with a friendly trading partner.
US economy would collapse overnight without China, thinking that US has some sort of upper hand here is the height of comedy. US doesn't produce much of anything today, its industrial base is around 11% of its GDP, and there is no substitute for China which is central to most supply chains.
Most likely a bailout for big banks that are going to absorb the smaller failed ones leading to more bank consolidation. At which point the question is why even have a private bank as opposed to a state bank.