Summary
China has imposed an export ban on dual-use products to 28 U.S. defense contractors, including Lockheed Martin, Raytheon, Boeing, and General Dynamics, in retaliation for U.S. arms sales to Taiwan.
Ten firms were barred from trade and investments in China.
Beijing condemned the arms sales, citing violations of the One China principle and threats to Taiwan Strait stability.
The ban follows Taiwan’s recent receipt of advanced U.S. military equipment, including Abrams tanks, as the island bolsters its defenses against China’s military activities.
Actually they don’t. Their own middle class is outspending the US, and brics ensures the US isnt ever the primary consumer market ever again.
The U.S. spent over half a trillion dollars on Chinese goods in 2022. You’re telling me they don’t need that?
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
The country with a 17 trillion usd GDP? Yeah the half trillion in exports isn’t that important.
Sorry… 5% of their GDP isn’t that important?
What the fuck are you talking about?
Correct, 5% of GDP, specifically from the private sector, would not effect China. It’d make some investors mad, but no one would lose their home, no one would starve, hell they wouldn’t even be out of work unless they refused public sector jobs - of which there are nearly twice as many as private sector jobs.
This is some real ignorance of basic macroeconomics.
What basic macroeconomics? The fact China’s economy is insulated from capital and isn’t reliant on imports anymore?
China isn’t a capitalist nation in anyway. They have a private market, which cannot effect the rest of the economy.
You could have saved a lot of time by just telling everyone that you’ve never been to China and have no clue how it really operates. The Nordics are more communist than China.
I do love it when people tell me a nation with a massive stock exchange and over 800 billionaires isn’t capitalist.
The nordics have less than 40% of their economy in the private sector? Got literally any sources for that little one?
You realise that during the great recession GDP dropped by less than 5% in the US right?
I will never not laugh at BRICStards. BRICS is and always will be a joke. It’s a fabrication by Goldman Sachs that needy despots latched onto and are trying to manifest into reality because they’re jealous of not being part of NATO.
It’s not really a NATO “common defense” analogue and more of a G7-style economic partnership among countries not in the G7.
https://www.visualcapitalist.com/charted-comparing-the-gdp-of-brics-and-the-g7-countries/
NATO has nothing to do with brics. Given you have no idea how Chinas economy works I guess I shouldn’t have expected you to know the difference between economic and military pacts.
Over half the world’s GDP and population are a part of brics btw.
NATO is not only military. It never has been. It’s ideological.
Removed by mod
Oh sorry I didn’t realize this was a parody account — carry on.
Coming in HOT with the delusions this morning.My bad, this is a shitposting account guys. It’s just jokes.