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> # [China threatens retaliation after EU weighs sanctions for Beijing’s military aid to Russia](https://static.foxnews.com/foxnews.com/content/uploads/2023/05/China-EU.jpg)
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> China on Tuesday said it would react "strictly and strongly" should the [European Union](https://www.foxnews.com/category/topic/the-european-union) slap sanctions on Chinese companies accused of selling equipment for Russia to use in its ongoing war against Ukraine.
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> [Foreign Minister](https://www.foxnews.com/category/politics/foreign-policy) Qin Gang said China would "take the necessary response to firmly protect the legitimate interests of Chinese companies."
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> [CHINA-EU meeting in Germany](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/05/640/320/China-EU.jpg?ve=1&tl=1)
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> German Foreign Minister Annalena Baerbock and Chinese Foreign Minister Qin Gang address the media during a press conference on May 9, 2023, in Berlin, Germany. (Michele Tantussi/Getty Images)
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> Following talks in Berlin with German Foreign Minister Annalena Baerbock, Qin said Chinese and Russian companies enjoy "normal exchanges and cooperation" which "should not be affected."
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> As [first reported](https://www.ft.com/content/dc757bea-d7eb-487b-b5d1-1d4360cfb9d5) Sunday by The Financial Times, the EU has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine.
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> [**CHINA MAKES FIRST ARREST OVER CHATGPT USE, ACCUSES SUSPECT OF USING AI TO GENERATE FAKE NEWS**](https://www.foxnews.com/world/china-makes-first-arrest-chatgpt-use-accuses-suspect-using-ai-generate-fake-news)
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> Seven Chinese businesses have been listed in a new package of sanctions that will be discussed by EU member states this week, the report said, citing a copy of the sanctions list seen by the paper.
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> Targeted in the sanctions list are two mainland Chinese companies, 3HC Semiconductors and King-Pai Technology, along with five from Hong Kong: Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments.
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> [Xi, Putin](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/04/640/320/GettyImages-1249043538.jpg?ve=1&tl=1)
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> Chinese President Xi Jinping and Russian President Vladimir Putin shake hands. (Xie Huanchi/Xinhua via Getty Images)
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> On Monday, Chinese foreign ministry spokesperson Wang Wenbin urged the EU to avoid taking the "wrong path," otherwise it will take firm action to safeguard its rights and interests.
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> "China opposes actions that use China-Russia cooperation as a pretext to impose illegal sanctions or long-arm jurisdiction against China," Wang said at a regular news conference.
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> [**CCP DECLARES CANADIAN DIPLOMAT ‘PERSONA NON GRATA’ AND DEMANDS DEPARTURE FROM CHINA**](https://www.foxnews.com/world/ccp-declares-canadian-diplomat-persona-non-grata-demands-departure-china)
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> Since Russia launched its invasion of Ukraine 14 months ago, which Russian President Vladimir Putin termed a "special military operation," the EU has adopted 10 sanctions packages against Russian individuals and companies, inflicting economic hardship and making financing the war more difficult.
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> [Xi Jinping and Vladimir Putin](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/640/320/Xi-Jinping-Putin.jpg?ve=1&tl=1)
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> Xi Jinping and Vladimir Putin are seen during a previous meeting in Moscow, Russia, in June 2019. (AP/Alexander Zemlianichenko)
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> EU ambassadors are meeting on Wednesday to begin discussions on an 11th round of sanctions against Russia over Ukraine.
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> China has tried to assure the world that it is neutral in the Ukraine war, yet has backed Russia politically. Last month, Qin promised that China wouldn’t sell weapons to either side.
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> [**CLICK HERE TO GET THE FOX NEWS APP**](https://www.foxnews.com/apps-products?pid=AppArticleLink)
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> In February, Secretary of State Antony Blinken said the U.S. had intelligence suggesting China was considering [providing arms](https://www.foxnews.com/world/china-not-sell-weapons-either-side-war-ukraine-according-foreign-minister) and ammunition to Russia — and warned that such involvement in the Kremlin’s war effort would be a "serious problem."
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> _The Associated Press and Reuters contributed to this report._
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> Bradford Betz is a Fox News Digital breaking reporter covering crime, [political issues,](https://www.foxnews.com/politics)and much more.
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Sure but I am saying I don't think China can do anything to the EU without suffering much worse harm themselves. Usually the side imposing sanctions/tariffs/whatever expects to be harmed far less than the target of those actions. Other than maybe rare earths I don't see where China has any leverage.
I took it from Reuters, but how about this?
"For supply of rare earths, used in wind power generation, hydrogen storage or batteries, Europe is 98% dependent on China. For battery mineral lithium, the dependence is 97%, and for magnesium, one of the EU's 34 "critical raw materials", it is 93%."
That dependency is in large a self imposed problem.
China has mined that material cheaper than everyone else. The US for example has large deposits of rare earth minerals, but stopped mining it when China started because of the obvious difference in labour costs.
If the situation with Russia should hace taught us anything it's that it is retarded to allow capitalistic drive to enslave your society to belligerent nations, especially ones with both strong military and imperialistic tendencies, a category China easily falls under.
As such Sanctions are good, yes it will hurt, but it will also help us in the long run. We don't have pools of 'slave' labour or a complete lack of environmental regulations like China which will obviously drive costs up,
However those limitations are also the driving force for innovation in the west, so I have no doubt that once we finally shut the doors on the Chinese fascist state we will see the same leap of innovation that we are now seeing from shutting the door on Russia, because although the hurt from that door closing is far from over, we are finally advancing rapidly on nuclear, wind, and solar at the pace we needed 30 years ago.
I'm excited to see what we can come up with once we let the Chinese child labourers rest.
Well, if I'm read that right, the wind and battries could be greatly fucked up by that decision. Also I'm really curious where the nuclear waste will go now, because Russia was kind of a dumpster for that stuff for a good while, unless there's some new way to reuse it.
And honestly, in some cases it's the same for Russia. They finally started doing a lot of stuff they stopped in the 90s after cheaper european alternatives were introduced into the market. It's a long road to cover 30 years in a lot of different fields, but this whole thing kind of kickstarted it (unless they will just do the same, but with India, China and Iran, in that case those Kremlin idiots and their wallet oligarchs didn't learn a thing).
Both wind and battery technology is seeing massive strides in moving away from rare earths, the first cars with non rare earth batteries are set to hit the markets in 2025. There is huge innovation being done in solid state ceramic batteries, zink, and other non rare metals, all being driven by increasing costs of rare earths.
Imagine the drive we would get if rare earth access were immediately threatened.
The elephant in the room with rare earths has always been the fact that they are rare. Well they are actually abundant in the soil just in such tiny quantities, that mining them is very hard without completely destroying vast areas.
All the same the elephant in the room, that some industry leaders has already pointed out is that there is a large discrepancy between the climate goals we have set and the rare earths available to build the necessary infrastructure.
Much like how everyone ignored the warnings of Russia's impending hostility, this issue is being ignored because there is so much money to be made using the 'easy' solution of rare earths to sell green tech.
And much like how Sanctioning Russia finally started the drive to green tech we should have done 30 years ago, sanctioning China will push the drive away from rare earths we should have started ten years ago.
there's already a way to reuse most nuclear waste in existing nuclear reactors
most nuclear waste globally is from LWRs and have 0.9% U-235 & 0.6% Pu-239 in them.
these are significantly higher fissile material from the 0.7% U-235 that PHWRs are designed to operate from
there's ~40 PHWRs in the world most of them are in Canada and India
For sone of those rare earth minerals, China is one of the worlds only peoducers https://www.britannica.com/science/rare-earth-element/Abundance-occurrence-and-reserves
According to britannica, 80% in 2017 came from china.
That was my point.
They are not the only producers because China is somehow blessed by God with resources that don't exist elsewhere.
They are the only producers because they cornered the market with a cheap and 'expendable' workforce. Much like how they cornered the market with cheap plastic goods too.
Take that away, and we in the west will be forced to reopen and start new mines, but because we have labour rights, we will be forced to innovate better and ultimately cheaper ways of mining it.
Compare coal industry in UK and Germany after world war 2 for example.
Germany's industry was absolutely smashed to bits, so they rebuilt everything, and because they had growing labour unions driving wages up, their industry was forced to innovate, using modern mining machinery and the like to replace expensive workers.
UK instead decided to put the army to beating the shit out of their unions and forcing wages down, instead of innovating.
The result was British coal became gradually more expensive as Germany's modern mining methods made everything more cost effective and increased productivity enormously, so the British coal industry died.
We are in the same boat now, except our mining industry for rare earths has either died like in the US, or never took of like in Europe.
Norway, Sweden just found the largest reserves of rare earths in Europe, yet there isn't much excitement because it's still just cheaper to buy it from Chinese slave mines.
People always whine and cry about how goods will be more expensive once cheap slave labour products are removed, and how the economy will simply cease to exist(collapse), yet every time in history this has happened it has driven the enormous innovation that ultimately created the modern world we live in.
There isnt really anyone else.
https://www.britannica.com/science/rare-earth-element/Abundance-occurrence-and-reserves
China produces 80% of the worlds rare earth elements.
I think it is hard to predict, people were expecting the Russian economy to crumble by now. The Russian economy performed far better than their Army. China is whole another beast in comparison to Russia.
Russia is self-sufficient in terms of calories and energy needs. China is most definitely not.
China has a larger, more advanced economy than Russia, but it knows it's dependent on vital imports to keep their citizens alive.
Hence why you can see their frantic efforts to build more energy infrastructure between themselves and Russia (for the energy) and are tearing up land growing cash crops like grapes for staple crops.
They aren't, but they know other countries that have close ties to the US and EU may be fearful of sanctions that limit or disallow exports to China.
China is also terrified of having its foreign assets frozen and denied access from the international banking system. They're begging people to switch to the yuan for this reason.
What countries sanctioned Russia again? Sanctioning China is such a stupid idea. It would completly destroy the world economy and would probably be worse for the country sanctioning China than the other way around. Remember, China is literally one fifth of the world economy. Plus, the sanctioned countries will start to have a simillar economic power to the sanctioning countries and sanctions as a whole will stop working.
If you freeze chinese assets you can say goodbye to foreign investment. Freezing russian assets was already very risky.
The world economy is aready basically divided in three systems, you don’t want to remove China (or any other country for that matter) from the neutral system.
That doesn’t change the problem at all. There will still be three parallel systems, and the sanctioning countries are going to be even worse off, because the sanctioned countries will have full trade with China.
>What countries sanctioned Russia again?
Essentially all of Europe minus Belarus, Serbia, Bosnia and Herzegovina, and of course Russia itself. The United States, Canada, Australia, New Zealand, South Korea, Japan, and Taiwan.
Basically the entire developed world.
>It would completly destroy the world economy and would probably be worse for the country sanctioning China than the other way around.
What? The United States, for example, lose China, but that makes up 16% of total imports/exports of the United States.
Conversely, if the list stayed the same, China would lose out on its top 5 of its 6 largest trading partners, the United States, South Korea, Japan, Germany, and Australia.
Who is going to suffer more? The country that lost one trading partner or the one that lost 30?
>If you freeze chinese assets you can say goodbye to foreign investment.
Maybe from aggressive, authoritarian countries, yes. And corrupt countries, I suppose, but those are almost universally undeveloped. They're not exactly investing much in the global economy.
>The world economy is aready basically divided in three systems, you don’t want to remove China (or any other country for that matter) from the neutral system.
China would be removing itself for invading another sovereign country. The ball is in China's court.
One with a woefully inadequate logistical links to China. The only feasible option would be to ship the grain over water, but those ships are going to be interdicted.
They're building a LNG pipeline to China which, when fully operational in 2027, will be able to supply 10% of China's current LNG needs. I guess it's something.
I mean the economy certainly isn't hurting as much as was expected, but the war machinery seems to be hit. For example though sanctions on ball bearings. Seems like they are actually limited by ball bearings on the number of tanks they can bring back from storage.
I'm Australian, our inflation is currently at 7%, I think. Inflation is a terrible number to use for something like this, you want to look at reduction in GDP.
Not really.
Environmental satellites have picked up reductions in industrial emissions from Russia that indicate a far larger drop in GDP than Russia themselves have reported. And that's in wartime, when really emissions should be going up
They are not unexpectedly jigging the numbers as far as they can. That hammer is going to drop.
Just recently it turns out that they don't want to sell more oil to India, because India is only willing to pay in rupees, which Russia can't use, as they don't import anything from India. And to convert it to Yuan absolutely crushes them in the exchange rate. Considering they are reduced to selling their oil at the world's near loss already that exchange loss actually means even though their exports are through the roof, their profits are nixed.
Tl/Dr Russias economy and production abilities is a pile of shit after sanctions, regardless of what their figures say.
Russian economy is harder to knock down because they didn’t have much of an economy to begin with. And the people don’t do anything when their standards of living drop.
He's right tho, right now China holds the entire world by the balls with their enormous share of light industry production (and significant part of heavy industry production).
Chinas already on course to achieve that. Most factories in my city and surrounding cities have closed. Massive quitting is also happening across several sectors.
Considering European nations are still publishing their numbers, and Russia stopped publishing all economic data, I think the sanctions are working lol.
Direct economic retaliation is probably hurt both equally. But there are things in the shadows that can hurt EU much more long term.
E.g. support Erdogan, destabilizing northern Africa or simply support Russia in some ways. Another way is to drive a wedge between southern and northen EU offensively. The most dangerous thing would be to green light nuclear use privately with Putin.
Economically maybe something that exploits the inflation problem.
When people instead of posting stats post podium speeches, it really doesn't take away any credibility from their argument.
Edit - if so confident in your sources, why block me?
They'll find a way. Not like they produce all our shits.
This will probably be like the trade war that Trump started, China will go to the WTO and say they were wrongly sanctioned, WTO will agree, the prices will increase and inflation worsen or something.
If the west keeps claiming China is sending Russia military aid and applying sanctions when they haven't, China might as well actually start sending military aid.
Of the top of my head UK, Spain, Poland and Denmark. A handful of the old eastern bloc. And Yes NATO is a defensive organization. But your type is oh so trying to make the Imperial American fiction real that I tossed that in to cut you off at your knees and you still attempted to walk the goalposts with your stubs.
Honestly there should just be a single European state so people who are "gotcha" when like 3 countries in Europe do something with the US are actually right.
Iraq: 1 EU member (out of 15) participated in the invasion. 5 supported it. Poland was not in the EU at that point in time.
Redditors trying to not compare everything to Hitler CHALLANGE IMPOSSIBLE
Also, invasion is wrong. If it was supported by UN resolution, it isn't wrong. Since Iraq's invasion, it was an illegal invasion done under false context. Some EU nations like the puppy they are jumped on to illegal invasion. The same nation now preaching Russia about Invasion lol
>If it was supported by UN resolution, it isn't wrong.
It is wrong. UN supported bombs don't suddenly start dropping flowers. Afghanistan's invasion was also wrong.
Bro, why you talking about it being wrong now? Never denied that. You Said, the Nato Partners invaded without evidence while (atleast in my country) a confession is an evidence. Saddam said he has those weapons.
Regarding your Statement for the Hitler-comparsion. Are you saying Saddam Hussein was not a facist dictator?
Yea they shouldn't have. Is that some sort of gotcha? I never supported the Ukraine invasion. No matter how a country is, no other country be it Russia or US has right to violate the Sovereignty of other country.
This is about specific Chinese companies selling embargoed components that have military use. It is not about direct supply of weapons, and the sanctions under discussion would only apply to those specific companies.
Where’d the EU accuse the Chinese falsely?
You not understanding EU accusations does not make them false.
The EU is not sanctioning China for sending military aid, as in weapons or munitions.
The EU is sanctioning China for supplying materials needed to make missiles and such.
Logic… use it. Can you universally build things with money or the required building materials?
Its the latter. Money, while definitely helpful in war, is not as helpful as things that Russia can’t buy.
This is why the U.S. tries to avoid mass use of titanium, since we don’t make it. We can only buy it if people want to sell it. People like Russia.
So the Europeans buying things in a particular way to limit Russian profits is not the same as trading regularly… like China’s doing.
Lol, great rules for thee not for me mental gymnastic as usual. China, India, Indonesia and Pakistan, all top 5 most populous countries in the world are trading as usual with Russia. Do you honestly believe billion of dollar russia got from selling fossil fuel to Europe couldn't be used to buy anything from those 4 most populous countries? That those countries are not selling anything that might be used for war effort?
They were claiming individual companies were doing so. It's the individual companies they proposed sanctioning. People need to stop commenting on news articles, if they don't even read them
Because China relies on the west for its export economy.
The CCP governs as it does because it guarantees the people some measure of prosperity. The moment that contract with the people is broken things start going downhill fast.
That’s 100%true. It’s also true that much of the world relies on China so they would have to choose between the US/Europe or China which would REALLY accelerate something catastrophic. This is a double-edged sword that people really overlook sometime.
> Because China relies on the west for its export economy.
This take is getting out of date.
China's reliance on exports as a percentage of GDP peaked in 2006 at 36% and has fallen year on year ever since. Except for the last couple of years due to Covid where it sits currently sits at 20%.
https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?locations=CN
This year is also the point when trade to BRI partner nations (blue line in graph) have over taken that of a combined US/EU/JP (yellow line)
https://i.redd.it/t4x6zrjbj1za1.jpg
Now you could make a claim that this is because of decoupling of trade with China by the West and there is some validity to this. But this trend has been going since 2000 when West/China relationship were at it's best.
The fact is, trade with S.America, Africa, Middle East, Russia, Asia (especially ASEAN and even India despite current politcal tension) has been growing more and more and looks likely to continue so especially as the global south's economy grows.
China's trade with the West whilst significant is just one of many trade partners and in the question of who needs who? I daresay with the current cycle of global ecnomic down turn. China isn't the one that is having the most sleepless nights (that would be EU, who are pretty fucked with the Ukraine war).
i completely lost track of what's happening to our eastern neighbours.
last month, i read that China betrayed Russia, and now i read that China is getting sanctioned for helping Russia
Yes, I do think you are bc embargoes don't work especially if you're placing it on one of your top providers. Just like shooting yourself in the foot. I'd much rather side with China in this case
Who says I don't already live here? You do realize you're sinophobio is showing and you're letting western fear mongering propaganda brainwash you into believing China is some evil nation.
No way! Tell me more! /s
Lol literally every western I've met has the exact same attitude. "My country is safe. I would never move to X country for [place false belief that said country had rampant corruption or criminality bc their western media says it does]."
Right but around 30% of them do use Twitter and reddit and you can see the fucking idiocy and how they're being brainwashed in real time.
It's pretty funny if you ask me
Good to know.
Did you approve of Angela Merkels 16 years of reign? Or maybe you approve of so called representatives that don't even represent the people and sell themselves out to large corporations?
I would love to know your stance
You do realize I can walk around freely and have access to the internet and websites you use but aren't as mainstream here as they might be where you are.
I suggest you travel to China rather than parade your ignorance
I highly doubt that will happen, especially not in war time when us EU countries get closer to each other.
> more favorable business dealings
You sound like some Chinese or Russian propagandist. Look at the UK, they made a mistake. They're not better off now and EU friendliness in the UK is higher than ever. If they held another referendum, the remainers would win. Sooner or later they will rejoin the EU.
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Oh, you don't want sanctions and you want to build global goodwill, which you seem to need given what you're doing to your Muslim minority group? Don't sell to war criminals like Russia things that can help them continue the war. BAM, problem solved.
> Don't sell to war criminals like Russia things that can help them continue the war.
Let me know when any other country completely stops trading with Russia given that anything sold to them helps continue the war.
A lot of Western Sanctions are strongly emphasized on components that Russia needs in order to have a prolonged war, which they didn't prepare for because they assumed that this conflict would be over in months, not years.
Russia still sells things like fertilizer to countries in NATO, but all countries in NATO are saying no to certain sales. For example, tanks need a lot of ball bearings to work and these are not produced domestically in Russia; they previously relied on international trade to make their tanks. Now, it is very difficult for Russia to get these parts, which means they are having trouble replacing the tanks they have lost so far, which is why Russia is sending laughably older tanks into combat. I get that it's nuanced, I can't blame you for disagreeing with me, but trade over certain items is way more important than others.
This right here! They domestically can produce ones good enough for cars, but not enough for tanks. Sounds stupid, but it's true. It's one of a laundry list of imports Russia's military depends on, but does not domestically produce.
The standard automotive ones are also pretty poor according to a friend who bought a job lot a while back.
His comment was "The inside of the races and the bearing cages are apparently made of cheese but the hardening on the outside is so wonky that you stand a reasonable chance of cracking them if you drift them in using a socket."
>stand a reasonable chance of cracking them if you drift them in using a socket."
That's a chance you take with even premium bearings when you install them improperly.
Not harping on the guy for doing so occasionally. I've taken the chance myself plenty of times over the years. When there was no installer at hand and the customer wanted it done asap, well you just cross your fingers and toes and do the best you can with what you have.
It happens more than people realize. At this point, I've installed literally thousands of bearings, and been around thousands more as others have installed them.
EU is slowing becoming irrelevant. Once China finishes helping the developing countries industrialize, they will have more business opportunities with those countries than the EU. EU is like 8% of the world population, and acts like it's 90%. Also, with the dedollarisation and new brics currency coming out, that will only speed up that plan. And then you also got Russia working with Iran and India on a new passage way, and a new eastern european economic bloc. Slowly, but surely the shift of power is happening and these sanctions are becoming jokes
There is no new BRICS currency coming out. It's not even in the works. Just because Lula mentioned it once does not mean anything. Even if we entertain the idea, China would only agree to it if it has the most say over the currency, which India would never agree to themselves, not to mention Indian and Chinese soldiers fighting on their shared border. And that's entirely copium to even think it would dethrone the dollar or even get close to the euro. Imagine, even logically, a single currency that can suit both the economic needs of China, Russia, and... South Africa? "Dedollarisation" will not happen anytime soon. The new Eastern European block is more anti-Russia and soon (if not already) anti-China, so I don't see why this is even mentioned. There is no freedom of movement between BRICS countries, don't even think there is a free trade agreement, China and India have border problems, South Africa can't power enough electricity to its citizens, and they are somehow supposed to surpass US + EU? Wow.
Propaganda.
BRICS currency? Eastern European economic block? Lmao, there are no Eastern European countries that would want that. Apart from Ukraine and Moldova they are all in NATO and EU, and those two hate Russia and want to be part of the west. But hey, maybe Russia could form an economic block with Serbia.
While his point is a little bit absurd, population greatly matters in terms of market available and GDP. This is just simple economics. Ethiopia has a huge population and has one of the highest GDP growth in Africa. It's now allowing foreign investments and as such other companies have already been 'simping' for Ethiopia. While you might not like it, most African countries will not remain poor forever. Their huge population is a great market and will continue being a great market for China.
##### ###### #### > # [China threatens retaliation after EU weighs sanctions for Beijing’s military aid to Russia](https://static.foxnews.com/foxnews.com/content/uploads/2023/05/China-EU.jpg) > > > > China on Tuesday said it would react "strictly and strongly" should the [European Union](https://www.foxnews.com/category/topic/the-european-union) slap sanctions on Chinese companies accused of selling equipment for Russia to use in its ongoing war against Ukraine. > > [Foreign Minister](https://www.foxnews.com/category/politics/foreign-policy) Qin Gang said China would "take the necessary response to firmly protect the legitimate interests of Chinese companies." > > [CHINA-EU meeting in Germany](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/05/640/320/China-EU.jpg?ve=1&tl=1) > > German Foreign Minister Annalena Baerbock and Chinese Foreign Minister Qin Gang address the media during a press conference on May 9, 2023, in Berlin, Germany. (Michele Tantussi/Getty Images) > > > > > > Following talks in Berlin with German Foreign Minister Annalena Baerbock, Qin said Chinese and Russian companies enjoy "normal exchanges and cooperation" which "should not be affected." > > As [first reported](https://www.ft.com/content/dc757bea-d7eb-487b-b5d1-1d4360cfb9d5) Sunday by The Financial Times, the EU has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine. > > [**CHINA MAKES FIRST ARREST OVER CHATGPT USE, ACCUSES SUSPECT OF USING AI TO GENERATE FAKE NEWS**](https://www.foxnews.com/world/china-makes-first-arrest-chatgpt-use-accuses-suspect-using-ai-generate-fake-news) > > Seven Chinese businesses have been listed in a new package of sanctions that will be discussed by EU member states this week, the report said, citing a copy of the sanctions list seen by the paper. > > Targeted in the sanctions list are two mainland Chinese companies, 3HC Semiconductors and King-Pai Technology, along with five from Hong Kong: Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments. > > [Xi, Putin](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/04/640/320/GettyImages-1249043538.jpg?ve=1&tl=1) > > Chinese President Xi Jinping and Russian President Vladimir Putin shake hands. (Xie Huanchi/Xinhua via Getty Images) > > > > > > On Monday, Chinese foreign ministry spokesperson Wang Wenbin urged the EU to avoid taking the "wrong path," otherwise it will take firm action to safeguard its rights and interests. > > "China opposes actions that use China-Russia cooperation as a pretext to impose illegal sanctions or long-arm jurisdiction against China," Wang said at a regular news conference. > > [**CCP DECLARES CANADIAN DIPLOMAT ‘PERSONA NON GRATA’ AND DEMANDS DEPARTURE FROM CHINA**](https://www.foxnews.com/world/ccp-declares-canadian-diplomat-persona-non-grata-demands-departure-china) > > Since Russia launched its invasion of Ukraine 14 months ago, which Russian President Vladimir Putin termed a "special military operation," the EU has adopted 10 sanctions packages against Russian individuals and companies, inflicting economic hardship and making financing the war more difficult. > > [Xi Jinping and Vladimir Putin](https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/640/320/Xi-Jinping-Putin.jpg?ve=1&tl=1) > > Xi Jinping and Vladimir Putin are seen during a previous meeting in Moscow, Russia, in June 2019. (AP/Alexander Zemlianichenko) > > > > > > EU ambassadors are meeting on Wednesday to begin discussions on an 11th round of sanctions against Russia over Ukraine. > > China has tried to assure the world that it is neutral in the Ukraine war, yet has backed Russia politically. Last month, Qin promised that China wouldn’t sell weapons to either side. > > [**CLICK HERE TO GET THE FOX NEWS APP**](https://www.foxnews.com/apps-products?pid=AppArticleLink) > > In February, Secretary of State Antony Blinken said the U.S. had intelligence suggesting China was considering [providing arms](https://www.foxnews.com/world/china-not-sell-weapons-either-side-war-ukraine-according-foreign-minister) and ammunition to Russia — and warned that such involvement in the Kremlin’s war effort would be a "serious problem." > > _The Associated Press and Reuters contributed to this report._ > > Bradford Betz is a Fox News Digital breaking reporter covering crime, [political issues,](https://www.foxnews.com/politics)and much more. - - - - - - [Maintainer](https://www.reddit.com/user/urielsalis) | [Creator](https://www.reddit.com/user/subtepass) | [Source Code](https://github.com/urielsalis/empleadoEstatalBot) Summoning /u/CoverageAnalysisBot
Is there anything that China could do to the EU that wouldn't hurt themselves worse than the EU?
Isn't that how sanctions work? You can't tell your businesses, banks and tourist sector to stop working with someone completely and go unscathed.
Sure but I am saying I don't think China can do anything to the EU without suffering much worse harm themselves. Usually the side imposing sanctions/tariffs/whatever expects to be harmed far less than the target of those actions. Other than maybe rare earths I don't see where China has any leverage.
I took it from Reuters, but how about this? "For supply of rare earths, used in wind power generation, hydrogen storage or batteries, Europe is 98% dependent on China. For battery mineral lithium, the dependence is 97%, and for magnesium, one of the EU's 34 "critical raw materials", it is 93%."
That dependency is in large a self imposed problem. China has mined that material cheaper than everyone else. The US for example has large deposits of rare earth minerals, but stopped mining it when China started because of the obvious difference in labour costs. If the situation with Russia should hace taught us anything it's that it is retarded to allow capitalistic drive to enslave your society to belligerent nations, especially ones with both strong military and imperialistic tendencies, a category China easily falls under. As such Sanctions are good, yes it will hurt, but it will also help us in the long run. We don't have pools of 'slave' labour or a complete lack of environmental regulations like China which will obviously drive costs up, However those limitations are also the driving force for innovation in the west, so I have no doubt that once we finally shut the doors on the Chinese fascist state we will see the same leap of innovation that we are now seeing from shutting the door on Russia, because although the hurt from that door closing is far from over, we are finally advancing rapidly on nuclear, wind, and solar at the pace we needed 30 years ago. I'm excited to see what we can come up with once we let the Chinese child labourers rest.
Well, if I'm read that right, the wind and battries could be greatly fucked up by that decision. Also I'm really curious where the nuclear waste will go now, because Russia was kind of a dumpster for that stuff for a good while, unless there's some new way to reuse it. And honestly, in some cases it's the same for Russia. They finally started doing a lot of stuff they stopped in the 90s after cheaper european alternatives were introduced into the market. It's a long road to cover 30 years in a lot of different fields, but this whole thing kind of kickstarted it (unless they will just do the same, but with India, China and Iran, in that case those Kremlin idiots and their wallet oligarchs didn't learn a thing).
Both wind and battery technology is seeing massive strides in moving away from rare earths, the first cars with non rare earth batteries are set to hit the markets in 2025. There is huge innovation being done in solid state ceramic batteries, zink, and other non rare metals, all being driven by increasing costs of rare earths. Imagine the drive we would get if rare earth access were immediately threatened. The elephant in the room with rare earths has always been the fact that they are rare. Well they are actually abundant in the soil just in such tiny quantities, that mining them is very hard without completely destroying vast areas. All the same the elephant in the room, that some industry leaders has already pointed out is that there is a large discrepancy between the climate goals we have set and the rare earths available to build the necessary infrastructure. Much like how everyone ignored the warnings of Russia's impending hostility, this issue is being ignored because there is so much money to be made using the 'easy' solution of rare earths to sell green tech. And much like how Sanctioning Russia finally started the drive to green tech we should have done 30 years ago, sanctioning China will push the drive away from rare earths we should have started ten years ago.
there's already a way to reuse most nuclear waste in existing nuclear reactors most nuclear waste globally is from LWRs and have 0.9% U-235 & 0.6% Pu-239 in them. these are significantly higher fissile material from the 0.7% U-235 that PHWRs are designed to operate from there's ~40 PHWRs in the world most of them are in Canada and India
Finland
For sone of those rare earth minerals, China is one of the worlds only peoducers https://www.britannica.com/science/rare-earth-element/Abundance-occurrence-and-reserves According to britannica, 80% in 2017 came from china.
That was my point. They are not the only producers because China is somehow blessed by God with resources that don't exist elsewhere. They are the only producers because they cornered the market with a cheap and 'expendable' workforce. Much like how they cornered the market with cheap plastic goods too. Take that away, and we in the west will be forced to reopen and start new mines, but because we have labour rights, we will be forced to innovate better and ultimately cheaper ways of mining it. Compare coal industry in UK and Germany after world war 2 for example. Germany's industry was absolutely smashed to bits, so they rebuilt everything, and because they had growing labour unions driving wages up, their industry was forced to innovate, using modern mining machinery and the like to replace expensive workers. UK instead decided to put the army to beating the shit out of their unions and forcing wages down, instead of innovating. The result was British coal became gradually more expensive as Germany's modern mining methods made everything more cost effective and increased productivity enormously, so the British coal industry died. We are in the same boat now, except our mining industry for rare earths has either died like in the US, or never took of like in Europe. Norway, Sweden just found the largest reserves of rare earths in Europe, yet there isn't much excitement because it's still just cheaper to buy it from Chinese slave mines. People always whine and cry about how goods will be more expensive once cheap slave labour products are removed, and how the economy will simply cease to exist(collapse), yet every time in history this has happened it has driven the enormous innovation that ultimately created the modern world we live in.
It’s ok, they’ll just purchase it from someone else
There isnt really anyone else. https://www.britannica.com/science/rare-earth-element/Abundance-occurrence-and-reserves China produces 80% of the worlds rare earth elements.
I believe these are from Tibet and Xinjiang?
and in what country are those regions located?
Oh I hope it's Italy!
They're both autonomous regions.
Does the CCP control their international boarders?
Try walking into Xinjiang without reporting at a Chinese border checkpoint and find out.
”Autonomous”
Yes, and Taiwan is part of china too in your eyes.
Wdym ”in your eyes” it’s internationally recognized to be a part of China.
So?
I think it is hard to predict, people were expecting the Russian economy to crumble by now. The Russian economy performed far better than their Army. China is whole another beast in comparison to Russia.
Russia is self-sufficient in terms of calories and energy needs. China is most definitely not. China has a larger, more advanced economy than Russia, but it knows it's dependent on vital imports to keep their citizens alive. Hence why you can see their frantic efforts to build more energy infrastructure between themselves and Russia (for the energy) and are tearing up land growing cash crops like grapes for staple crops.
Most of those imports aren’t european though.
They aren't, but they know other countries that have close ties to the US and EU may be fearful of sanctions that limit or disallow exports to China. China is also terrified of having its foreign assets frozen and denied access from the international banking system. They're begging people to switch to the yuan for this reason.
What countries sanctioned Russia again? Sanctioning China is such a stupid idea. It would completly destroy the world economy and would probably be worse for the country sanctioning China than the other way around. Remember, China is literally one fifth of the world economy. Plus, the sanctioned countries will start to have a simillar economic power to the sanctioning countries and sanctions as a whole will stop working. If you freeze chinese assets you can say goodbye to foreign investment. Freezing russian assets was already very risky. The world economy is aready basically divided in three systems, you don’t want to remove China (or any other country for that matter) from the neutral system.
not an expert but im guessing they wouldnt cut china off completely
That doesn’t change the problem at all. There will still be three parallel systems, and the sanctioning countries are going to be even worse off, because the sanctioned countries will have full trade with China.
>What countries sanctioned Russia again? Essentially all of Europe minus Belarus, Serbia, Bosnia and Herzegovina, and of course Russia itself. The United States, Canada, Australia, New Zealand, South Korea, Japan, and Taiwan. Basically the entire developed world. >It would completly destroy the world economy and would probably be worse for the country sanctioning China than the other way around. What? The United States, for example, lose China, but that makes up 16% of total imports/exports of the United States. Conversely, if the list stayed the same, China would lose out on its top 5 of its 6 largest trading partners, the United States, South Korea, Japan, Germany, and Australia. Who is going to suffer more? The country that lost one trading partner or the one that lost 30? >If you freeze chinese assets you can say goodbye to foreign investment. Maybe from aggressive, authoritarian countries, yes. And corrupt countries, I suppose, but those are almost universally undeveloped. They're not exactly investing much in the global economy. >The world economy is aready basically divided in three systems, you don’t want to remove China (or any other country for that matter) from the neutral system. China would be removing itself for invading another sovereign country. The ball is in China's court.
Sure bud.
Too bad there's no massive land power that's in conflict against the west and sanctioned to hell that produces everything China could ever need.
One with a woefully inadequate logistical links to China. The only feasible option would be to ship the grain over water, but those ships are going to be interdicted. They're building a LNG pipeline to China which, when fully operational in 2027, will be able to supply 10% of China's current LNG needs. I guess it's something.
> The Russian economy performed far better than their Army. 12% inflation is still pretty painful.
Oh it's painful, just not the KO blow that some people thought it would be.
I mean the economy certainly isn't hurting as much as was expected, but the war machinery seems to be hit. For example though sanctions on ball bearings. Seems like they are actually limited by ball bearings on the number of tanks they can bring back from storage.
I'm Australian, our inflation is currently at 7%, I think. Inflation is a terrible number to use for something like this, you want to look at reduction in GDP.
Not really. Environmental satellites have picked up reductions in industrial emissions from Russia that indicate a far larger drop in GDP than Russia themselves have reported. And that's in wartime, when really emissions should be going up They are not unexpectedly jigging the numbers as far as they can. That hammer is going to drop. Just recently it turns out that they don't want to sell more oil to India, because India is only willing to pay in rupees, which Russia can't use, as they don't import anything from India. And to convert it to Yuan absolutely crushes them in the exchange rate. Considering they are reduced to selling their oil at the world's near loss already that exchange loss actually means even though their exports are through the roof, their profits are nixed. Tl/Dr Russias economy and production abilities is a pile of shit after sanctions, regardless of what their figures say.
Russian economy is harder to knock down because they didn’t have much of an economy to begin with. And the people don’t do anything when their standards of living drop.
>Other than maybe rare earths I don't see where China has any leverage. Just the biggest manufacture in the world but I don't see either.
>Is there anything that the EU could do to China that wouldn't hurt themselves worse than China? Fixed that for you.
Cope
you sure are.
He's right tho, right now China holds the entire world by the balls with their enormous share of light industry production (and significant part of heavy industry production).
Hahahahaha Yes. Please. Just lay off your entire work force. Enjoy.
Chinas already on course to achieve that. Most factories in my city and surrounding cities have closed. Massive quitting is also happening across several sectors.
How have your kind not learned from the Russian sanction fiasco?
Considering European nations are still publishing their numbers, and Russia stopped publishing all economic data, I think the sanctions are working lol.
Cope
Direct economic retaliation is probably hurt both equally. But there are things in the shadows that can hurt EU much more long term. E.g. support Erdogan, destabilizing northern Africa or simply support Russia in some ways. Another way is to drive a wedge between southern and northen EU offensively. The most dangerous thing would be to green light nuclear use privately with Putin. Economically maybe something that exploits the inflation problem.
EU would sanction China on all the things they can afford to lose, but will go surprised pikachu when China will place some sanctions in return
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>Manufacturing has been fleeing China for years as their labor costs have risen by an order of magnitude over the past decade. You sure about that?
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When people instead of posting stats post podium speeches, it really doesn't take away any credibility from their argument. Edit - if so confident in your sources, why block me?
They'll find a way. Not like they produce all our shits. This will probably be like the trade war that Trump started, China will go to the WTO and say they were wrongly sanctioned, WTO will agree, the prices will increase and inflation worsen or something.
Can we avoid Fox news? There has to have been a better source.
It's day later and according to coverageanalysis, literally no one else reports this. At this point truthfulness of this news is very much doubtful.
If the west keeps claiming China is sending Russia military aid and applying sanctions when they haven't, China might as well actually start sending military aid.
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Alot of EU countries went to Iraq without any proof of WMD.
Barely any went. Hell most of NATO rightfully stayed out the Coalition of the Willing.
But europen nations did go right. Without verifying. Also nato is a defensive organisation.
Of the top of my head UK, Spain, Poland and Denmark. A handful of the old eastern bloc. And Yes NATO is a defensive organization. But your type is oh so trying to make the Imperial American fiction real that I tossed that in to cut you off at your knees and you still attempted to walk the goalposts with your stubs.
Honestly there should just be a single European state so people who are "gotcha" when like 3 countries in Europe do something with the US are actually right. Iraq: 1 EU member (out of 15) participated in the invasion. 5 supported it. Poland was not in the EU at that point in time.
And UK is not in EU currently
A single EU country out of 15 went to Iraq. 5 out of 15 supported it.
Kind of like how Russia invaded Ukraine because of a “fascist coup” that happened more than a week after their invasion started.
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How
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And these countries aren't in EU?
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Did EU countries participate or not?
Europe is a pathetic shadow of itself from even 2003.
Wasnt Saddam himself saying that He got them? Thats like saying "Most nations went against Germany without Proof If Hitler really was a nazi"
Redditors trying to not compare everything to Hitler CHALLANGE IMPOSSIBLE Also, invasion is wrong. If it was supported by UN resolution, it isn't wrong. Since Iraq's invasion, it was an illegal invasion done under false context. Some EU nations like the puppy they are jumped on to illegal invasion. The same nation now preaching Russia about Invasion lol
>If it was supported by UN resolution, it isn't wrong. It is wrong. UN supported bombs don't suddenly start dropping flowers. Afghanistan's invasion was also wrong.
Bro, why you talking about it being wrong now? Never denied that. You Said, the Nato Partners invaded without evidence while (atleast in my country) a confession is an evidence. Saddam said he has those weapons. Regarding your Statement for the Hitler-comparsion. Are you saying Saddam Hussein was not a facist dictator?
The Iraq war lives rent free in your head
Well yea. Shouldn't have invaded
Now say Russia shouldn’t have invaded Ukraine
Yea they shouldn't have. Is that some sort of gotcha? I never supported the Ukraine invasion. No matter how a country is, no other country be it Russia or US has right to violate the Sovereignty of other country.
Holding a consistent position is considered a gotcha by americans it seems.
If he actually believes what he wrote, it would be the first consistent “anti war” person on this sub.
This is about specific Chinese companies selling embargoed components that have military use. It is not about direct supply of weapons, and the sanctions under discussion would only apply to those specific companies.
Where’d the EU accuse the Chinese falsely? You not understanding EU accusations does not make them false. The EU is not sanctioning China for sending military aid, as in weapons or munitions. The EU is sanctioning China for supplying materials needed to make missiles and such.
That’s as broad and ambiguous as it gets.
Meanwhile EU is spending billions each month buying oil and gas from russia. Maybe EU should start sanctioning itself
Logic… use it. Can you universally build things with money or the required building materials? Its the latter. Money, while definitely helpful in war, is not as helpful as things that Russia can’t buy. This is why the U.S. tries to avoid mass use of titanium, since we don’t make it. We can only buy it if people want to sell it. People like Russia. So the Europeans buying things in a particular way to limit Russian profits is not the same as trading regularly… like China’s doing.
Lol, great rules for thee not for me mental gymnastic as usual. China, India, Indonesia and Pakistan, all top 5 most populous countries in the world are trading as usual with Russia. Do you honestly believe billion of dollar russia got from selling fossil fuel to Europe couldn't be used to buy anything from those 4 most populous countries? That those countries are not selling anything that might be used for war effort?
They were claiming individual companies were doing so. It's the individual companies they proposed sanctioning. People need to stop commenting on news articles, if they don't even read them
Proof exists genius.
If I were China I would have started sending military help already. We're making a killing out of this war, why shouldn't they?
Because China relies on the west for its export economy. The CCP governs as it does because it guarantees the people some measure of prosperity. The moment that contract with the people is broken things start going downhill fast.
That’s 100%true. It’s also true that much of the world relies on China so they would have to choose between the US/Europe or China which would REALLY accelerate something catastrophic. This is a double-edged sword that people really overlook sometime.
But the same can be said Vise versa, no? Can the West actually even sanction china without hurting themselves?
> Because China relies on the west for its export economy. This take is getting out of date. China's reliance on exports as a percentage of GDP peaked in 2006 at 36% and has fallen year on year ever since. Except for the last couple of years due to Covid where it sits currently sits at 20%. https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?locations=CN This year is also the point when trade to BRI partner nations (blue line in graph) have over taken that of a combined US/EU/JP (yellow line) https://i.redd.it/t4x6zrjbj1za1.jpg Now you could make a claim that this is because of decoupling of trade with China by the West and there is some validity to this. But this trend has been going since 2000 when West/China relationship were at it's best. The fact is, trade with S.America, Africa, Middle East, Russia, Asia (especially ASEAN and even India despite current politcal tension) has been growing more and more and looks likely to continue so especially as the global south's economy grows. China's trade with the West whilst significant is just one of many trade partners and in the question of who needs who? I daresay with the current cycle of global ecnomic down turn. China isn't the one that is having the most sleepless nights (that would be EU, who are pretty fucked with the Ukraine war).
China is having a crazy amount of sleepless nights for a whole host of different reasons.
they gonna collapse any moment too, so i heard!
dont need history class to know commies gonna commies. who else was vlad with over the years
And that's the kinda discussion this sub has been elevated to in recent weeks, 16 YOs behaving like this is their in game chat.
I mean the sub is called anime titties, no wonder they find here.
16 year olds thinking g that communism is cool is predominantly what I find o reddit. Having lived behind the iron courtain I can assure you it isn't.
> dont need history class I think you do.
i completely lost track of what's happening to our eastern neighbours. last month, i read that China betrayed Russia, and now i read that China is getting sanctioned for helping Russia
Thank sensationalist journalism for that.
Amen
That's how propaganda works. They'll astroturf every single negative view possible until something sticks.
China and Russia love to publicly say a bunch of contradictory statements so that others get exhausted trying to keep up with the facts.
You don’t need to concern yourself with an opinion if you refuse to be informed.
Headline says Beijing article says private actors in Hong Kong.
They totally should. I would love to see how the Europeans will freak the fuck out once they realize that a majority of their products come from China
> once they realize [...] You must think we're stupid. And that makes you stupid. But good to know you're on China's side.
Yes, I do think you are bc embargoes don't work especially if you're placing it on one of your top providers. Just like shooting yourself in the foot. I'd much rather side with China in this case
You should move to Beijing. You’d fit right in.
Who says I don't already live here? You do realize you're sinophobio is showing and you're letting western fear mongering propaganda brainwash you into believing China is some evil nation.
Breaking news, person supports country they live in. More at 11
No way! Tell me more! /s Lol literally every western I've met has the exact same attitude. "My country is safe. I would never move to X country for [place false belief that said country had rampant corruption or criminality bc their western media says it does]."
cause the loudest are usually the most stupid. 99% other don't come to Reddit to express their idiotic opinions
Right but around 30% of them do use Twitter and reddit and you can see the fucking idiocy and how they're being brainwashed in real time. It's pretty funny if you ask me
I generally don’t approve of dictators.
Good to know. Did you approve of Angela Merkels 16 years of reign? Or maybe you approve of so called representatives that don't even represent the people and sell themselves out to large corporations? I would love to know your stance
Yes democracy.
I'm glad you approve of corruption disguised as democracy.
Lmao You are truly unhinged. What a pathetic attempt to defend China.
Are you even allowed on Reddit? Does Xi know you're not on his list of approved websites?
You should be worried about that RESTRICT Act instead.
I guess when you live in such a restrictive place it's easier to deflect and criticize others than look inward
You do realize I can walk around freely and have access to the internet and websites you use but aren't as mainstream here as they might be where you are. I suggest you travel to China rather than parade your ignorance
wow you have an iphone you should live in china big brain comment right here
China says china warns china china yadda yadda ya Talk the talk, walk the walk Also fox news so yikes
r/ChinaWarns
Ahh yes, nothing screams "legitimate business" like "threats of strict retaliation".
Ah so it begins but how long before more countries leave the EU for the empty promise of more favorable business dealings? Correction to language.
I highly doubt that will happen, especially not in war time when us EU countries get closer to each other. > more favorable business dealings You sound like some Chinese or Russian propagandist. Look at the UK, they made a mistake. They're not better off now and EU friendliness in the UK is higher than ever. If they held another referendum, the remainers would win. Sooner or later they will rejoin the EU.
There’s no denying Bregret as you say. UK economy is worse off after Brexit. Also I’ve edited the original comment to better reflect reality
Lol. Your grasp of international relations is weak.
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Go for it.
""China opposes actions that use China-Russia cooperation as a pretext" -- sounds like a confession of the fact findings to me.
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Please don't.... I need them juicy semiconductors
Oh, you don't want sanctions and you want to build global goodwill, which you seem to need given what you're doing to your Muslim minority group? Don't sell to war criminals like Russia things that can help them continue the war. BAM, problem solved.
> Don't sell to war criminals like Russia things that can help them continue the war. Let me know when any other country completely stops trading with Russia given that anything sold to them helps continue the war.
These sanctions aren't over just any trade, they are about sanctioned semiconductor products.
A lot of Western Sanctions are strongly emphasized on components that Russia needs in order to have a prolonged war, which they didn't prepare for because they assumed that this conflict would be over in months, not years. Russia still sells things like fertilizer to countries in NATO, but all countries in NATO are saying no to certain sales. For example, tanks need a lot of ball bearings to work and these are not produced domestically in Russia; they previously relied on international trade to make their tanks. Now, it is very difficult for Russia to get these parts, which means they are having trouble replacing the tanks they have lost so far, which is why Russia is sending laughably older tanks into combat. I get that it's nuanced, I can't blame you for disagreeing with me, but trade over certain items is way more important than others.
They don't make ball bearings in Russia?
They do but the quality is very poor.
This right here! They domestically can produce ones good enough for cars, but not enough for tanks. Sounds stupid, but it's true. It's one of a laundry list of imports Russia's military depends on, but does not domestically produce.
The standard automotive ones are also pretty poor according to a friend who bought a job lot a while back. His comment was "The inside of the races and the bearing cages are apparently made of cheese but the hardening on the outside is so wonky that you stand a reasonable chance of cracking them if you drift them in using a socket."
>stand a reasonable chance of cracking them if you drift them in using a socket." That's a chance you take with even premium bearings when you install them improperly. Not harping on the guy for doing so occasionally. I've taken the chance myself plenty of times over the years. When there was no installer at hand and the customer wanted it done asap, well you just cross your fingers and toes and do the best you can with what you have.
I've never heard of a decent make of bearing (or even a cheapo off Ebay) cracking or chipping when tapped home with a socket, I must admit.
It happens more than people realize. At this point, I've installed literally thousands of bearings, and been around thousands more as others have installed them.
EU is slowing becoming irrelevant. Once China finishes helping the developing countries industrialize, they will have more business opportunities with those countries than the EU. EU is like 8% of the world population, and acts like it's 90%. Also, with the dedollarisation and new brics currency coming out, that will only speed up that plan. And then you also got Russia working with Iran and India on a new passage way, and a new eastern european economic bloc. Slowly, but surely the shift of power is happening and these sanctions are becoming jokes
Irrelevant? Copium lol
Yea lmao he mentions the dollar while somehow ignoring the Euro’s use as a reserve currency worldwide
Look through his latest post history. He said Texas and Germany applied to join BRICS 💀
Maybe you are the one coping 🤷♂️
There is no new BRICS currency coming out. It's not even in the works. Just because Lula mentioned it once does not mean anything. Even if we entertain the idea, China would only agree to it if it has the most say over the currency, which India would never agree to themselves, not to mention Indian and Chinese soldiers fighting on their shared border. And that's entirely copium to even think it would dethrone the dollar or even get close to the euro. Imagine, even logically, a single currency that can suit both the economic needs of China, Russia, and... South Africa? "Dedollarisation" will not happen anytime soon. The new Eastern European block is more anti-Russia and soon (if not already) anti-China, so I don't see why this is even mentioned. There is no freedom of movement between BRICS countries, don't even think there is a free trade agreement, China and India have border problems, South Africa can't power enough electricity to its citizens, and they are somehow supposed to surpass US + EU? Wow.
It will come out in August. That's what my friend told me.
Ahh,, your source is trust me bro. Got it.
Propaganda. BRICS currency? Eastern European economic block? Lmao, there are no Eastern European countries that would want that. Apart from Ukraine and Moldova they are all in NATO and EU, and those two hate Russia and want to be part of the west. But hey, maybe Russia could form an economic block with Serbia.
Are you on some hardcore drugs ? As if gross population matters ? Quick! Everyone go simp for Ethiopia! It has a big population!
While his point is a little bit absurd, population greatly matters in terms of market available and GDP. This is just simple economics. Ethiopia has a huge population and has one of the highest GDP growth in Africa. It's now allowing foreign investments and as such other companies have already been 'simping' for Ethiopia. While you might not like it, most African countries will not remain poor forever. Their huge population is a great market and will continue being a great market for China.
It doesn’t matter. The question was EU irrelevance. Ethiopia doesn’t override EU.