Gary Locke, former U.S. Ambassador to China and U.S. Commerce Secretary, joins ‘Squawk Field’ to debate the U.S.-China chip battle, after pc chip equipment maker ASML mentioned it was barred by the Dutch authorities from exporting a few of its instruments to China, the affect on total U.S.-China relations, state of China’s financial system, and extra.
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Fmr. U.S. Ambassador to China Gary Locke: A lot of domestic unrest in China because of the economy
As long as the world including US is buying Chinese manufactured goods, restricting China of advanced chip will not end well. China is clearly not Cold War era USSR.
This reminds me of Tanya Harding kneecapping Nancy Kerrigan. Remember Tanya Harding? She wasn't good enough to compete with Nancy, so she hired somebody to kneecap Nancy before the competition. So instead of improving itself on technology, the US decided to kneecap China. You already know what happened to Tanya.
We've been feeding a dragon that will eventually attack us
https://youtu.be/IHVIG0_-6JA?si=TbsWyWlmC_jV3CAX
This may soon become a reality in the US. Waiting too long for china to collapse.. Mayb next lifetime.. But for the US, its imminent.
❤In 2023, aggregate local government debt had risen to 92 trillion yuan ($12.58 trillion) and the central government of People's Republic of China ordered its banks to roll over debts in a debt-restructuring.
https://en.m.wikipedia.org › wiki
National debt of China – Wikipedi
13,000,000,000,000 / 1,400,000,000 = each Chinese citizens owes US 9300 💵💵💵
US : The inflation data is sourced from the Bureau of Labor Statistics. Over the past 100 years, the U.S. federal debt has increased from $404 B in 1923 to $33.17 Trillions in 2023.
So 33.000,000,000,000 / 330,000,000 US population = each US citizens (new born baby to all elderly citizens) owes US100,000 debts.😅😂
China still holds US bonds and debts of 800 billions dollars 💵💵💵💵
What you report is totally🦀🦀🦀
https://fiscaldata.treasury.gov › nati…
Understanding the National Debt – Fiscal Data – Treasur
🥸🥸🥸 Gary is not an expert 🇨🇳‼️🥳🤡🐒🍌🍌🍌🍌🍌🍌😝
If China have brain why can they not do it on their own. One thing CHINA is good is making FAKE food. manufactured goods and stealing IDEA.
Gary Lock, scandal infested, divorced has a cheek to comment on this ！
Trying to stop Chinese chips?Tried and failed. China's growth is merely slowing down not stopping or regressing. China's growth is still a healthy 5% compair to 1-2% in EU while USA's GDP d artificially propped up by selling weapon in sponsoring wars
They are not transparent and while we handover tech to their right hand, their left hand is clenched behind their back to punch us in the face.
Look at this issue as Competition makes best outcome.
How's that wolf warrior diplomacy working for you Xi?
You all want China to collapse but it won't happen. Let you all go on dreaming.
Heaven has mandated 200 Plus years for China to flourish and prosperous
Total BS!
Gary Locke is trying to become the next Gordon Chang ?
I have been listening to CNBC the last many years.
There are hardly any “ experts “ that tells the correct picture.
Why ?
Everyone will say the USA is right and China is wrong and etc etc.
Nobody wants to be the guy that says the USA policies are only partially successful or right.
When you start off with the wrong premise…..everything else that follows are only partially right.
Nobody dares to tell the emperor that he wears no clothes or part clothes.
Hahaha….
That is why , there are few sell orders on the stock market.
Everyone will repeat that the US economy is on the right track and it will succeed in the long run etc etc …
How can you sell to avoid the market ?
How can you say the tech sector is too high as the government policies are wrong on etc grounds or the policies are stupid ?
That is why most ordinary investors are caught badly with the tech crash.
The insiders know the truth but NOBODY wants to go public with it.
What a load of BS propaganda. "Unrest"? What bunk. Unrest means the Chinese are burning cars in the streets. Our capitalist overlords need to wake up. Unrest is way more likely in the US than in China. Chinese people love their country and are loyal to it. I can't say the same for many of my spoiled fellow Americans. Mr. Locke needs to go splash some iced-coffee in his own face and start seeing reality.
I thought Gary Locke was one of the Smart ones in America, obviously not.5.4% growth 2023 according to IMF.
Gary Locke lol
If US action is unlawful coercion without doubt.
Chinese government is liar And self interested for other country to catch up any kind of mineral what can do it become power country to use it s
And control
Nonsense! The chips used in military is only less than 1%; but the remark says it all – thereby limiting China's overall development. What US is doing is out of incompetence and insecurity to prevent another country doing better than them is the real excuse. Strangely the US don't even manufacture chips, only develops them.
The arrogance is unbelievable, imagine the UK telling the US she cannot have steam engines in 1850 lest she catches up with the UK, and the steam engine can be installed in warships that may threaten the Royal Navy.
美國以前霸凌日本、後來是歐盟、現在輪到中國了
China is industrial and manufacture power house, and produce everything. (5% GDP growth)
US is a non stop money printing machine and financial hegemon with unsustainable debts. (2% GDP growth)
So you are telling me China would collapse before the US? You kidding right?
Civil War is looming in US. Unfortunately these people are in denial.
U.S with millions of zombies, homeless,drugs user, working poor, unemployment and corruptions..with .35 trillion of debts Their economy is doing great!!! 🤣🤣🤣
Its sad that he was the US ambassador to China; but now is so out of touch with realities in China. I live in China, and travel extensively in the country. I also read both pro and anti china articles. What is this lots of unrests throughout China all about? China is 1.4B people, and if you anecdotic ally pick up some of the unrests of property buyers dissatisfied with falling prices, unhappiness with youth unemployment … and pass statement that there are lots of unrest, and Xi Jing Ping is out of touch with realities, then you are the one living in your own alternate realities. The number of people involved in strikes and protests in China is less than your the number of homeless, number of people living in caravan, the number of drugs users, and opioid addicted Americans, number of people robbing stores or trains. Be objective and balanced please
sounds very fair.
I cannot how China has more advanced chips when they have hypersonic missiles, have been to the moon and Mars and has better internet speed.
Then 70% of rare earth metals are in China. That is according to the opening lines of Call of Duty WW3.
I do worry for US education system and the media propaganda also is not helping the normal people’s common knowledge.