Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions.
The cool thing about China is a huge chunk of the world’s population lives there, so sanctions from the US aren’t as big a deal as they are to, say, Cuba. That, and they produce a lot on their own.
Exactly, and on top of that, China is the biggest trading partner for most of the countries in the world. US is a tiny percentage of China’s overall market.
I agree but i wouldnt say tiny, because for Huawei for example due to the US ban they stopped all operations in the EU and UK and other US allies. So its more the influence the US has on the market thats detrimental rather than American customers themselves
That’s true, all of G7 tends to follow US direction. At the end of the day though, this is still less than 20% of the global population. Not only that, but western economies are collectively going into a recession. I imagine that Chinese companies will increasingly focus on the Global South as their primary export market going forward.
The cool thing about China is a huge chunk of the world’s population lives there, so sanctions from the US aren’t as big a deal as they are to, say, Cuba. That, and they produce a lot on their own.
Exactly, and on top of that, China is the biggest trading partner for most of the countries in the world. US is a tiny percentage of China’s overall market.
I agree but i wouldnt say tiny, because for Huawei for example due to the US ban they stopped all operations in the EU and UK and other US allies. So its more the influence the US has on the market thats detrimental rather than American customers themselves
That’s true, all of G7 tends to follow US direction. At the end of the day though, this is still less than 20% of the global population. Not only that, but western economies are collectively going into a recession. I imagine that Chinese companies will increasingly focus on the Global South as their primary export market going forward.