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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (1536)12/8/2018 1:25:12 AM
From: Snowshoe  Read Replies (2) | Respond to of 13803
 
Guess we'll have to make you an honorary Anglo... :-)

Australia no longer isolated as 'Five Eyes' turn on Huawei

smh.com.au



To: elmatador who wrote (1536)12/8/2018 1:30:45 AM
From: Elroy Jetson  Respond to of 13803
 
Compliance is the long term problem with both China's government and their closely tied companies.

It's very likely yet another agreement on IP property, and trade will be completed in the next 90 days, likely with extensions to that deadline as needed.

The problem is compliance with this agreement. The Obama administration laid out the massive theft of US and European Intellectual Property by a specialist arm of the People's Liberation Army.

Obama requested that Xi fly to the White House to sign a agreement to end this practice and agree to extradition of any army members involved in future episodes of this type of online theft.

Xi complied but then followed this up with petty nonsense like refusing to supply a stairway to Air Force One when Obama was there for a G-20 conference. But the PLA has continued this theft and refuses extradition requests.

Just one example, China sought bids for the construction of a major oil and gas pipeline in China. The PLA then stole the blueprints prepared by Bechtel Engineering in San Francisco, one of the bidders and China canceled the bidding process having obtained what they needed by theft. This absolutely must end if China is to continue being part of the global trade community.

It's been a sequential step-wise process of trying to gain China's attention and compliance with international law. It's very hard to predict how what extremes will be required to solve the problem.

Under international law, theft of Commercial IP is entirely different from monitoring foreign governments and their military. As Eisenhower and Reagan stated, "trust but verify" is the basis of the peace between governments.

But this verification process for military forces does not allow for the theft of commercial information any more than it would allow for the government of China to use cyber-theft to steal billions of Dollars from banks, individuals, or businesses.

Trump has made a huge fuss about making minor changes to the NAFTA agreement with Canada and Mexico. The new agreement primarily increases the quota of various goods in an equal basis, making it an expanded NAFTA. The US was not able to gain any significant advantage because the US was not experiencing any disadvantage under NAFTA. But with China, it's a theft problem that absolutely must change.

Xi and Obama at the White House to sign the previous agreement to end China's IP theft