I'm just amazed that no one on both sides is following the prisoner's dilemma scenarios
421 karma · joined June 19, 2020
Against Canada, China threatened Canada for actions taken against huawei's CFO with trade punishment. The case is proceeding, with US clearing a major hurdle to extradite the CFO recently.
Against EU, China has tried to lure countries such as Italy and Spain to its side by delivering mostly faulty masks and machines, in turn for declaration of unity. EU this week won a landmark WTO dispute against China, and allow EU to combat low-price Chinese exports with high tariffs. Germany moves to shield german companies from foreign takeover recently as well.
Against UK, China threatened to punish UK economically for offering citizenships to Hong Kong citizens and denying huawei's involvement with 5G. UK in turn, has decided to ban huawei entirely by 2022. And allowing Ericcson to proceed.
Against Japan, China has been aggressive against Senkaku island, sending two ships to pursue a fishing boat in May. Japan, in term, is pulling its companies out of China by funding $2.2B stimulus package.
Against India, this month they engaged in a deadly border clash where many Indian soldiers were maimed/killed by Chinese soldiers with spiked clubs. #boycottchina went viral in India, and multinationals must be quivering that the largest/fastest growing consumers are boycotting goods made in China. So is China. Even Chinese government's mouthpiece, global times, is subtly suggesting India should 'curb' boycotting china.
Against Taiwan, they sponsored a pro-China presidential candidate who was a mayor. That candidate lost horribly in the presidential election and was subsequently impeached by the people and stripped of his mayorship. Most Taiwanese now favor independence.
Against Australia, China is punishing Australia with barley, beef, and coal ban after Australia called for a 127 countries investigation into coronavirus origin.