China’s tech titans scramble to buy $5 billion of Nvidia chips as US bans investment in key Chinese sectors, report says::Alibaba, TikTok-owner Bytedance, and other Chinese tech giants have reportedly rushed to order Nvidia chips as US-China trade tensions mount.
Love china calling this economic coercion and bullying. It’s almost like they have experience with this behavior and can recognize it.
When has China engaged in this behaviour? I only know of price dumping. Outright sanctions would be news to me.
Look up China’s recent Australian blockades on trade. Would not allow Australian wine and other products into China, unless Australia played like a good little dog and did as required by China.
Genuine question: what’s the real problem? As a non-american, I can’t get it.
I mean, it’s not like they’re smuggling these chips to China, but doing a legitimate acquisition. Don’t want them to get access to U.S. tech? Simply don’t sell it to any other country that buys/sells to China, since they could trade or resell those chips to them. Also, AFAIK most international trades are done using U.S. dollars, so limiting U.S. companies from trading won’t solve the problem.
I’m not an economist, so feel free to correct me
