@RnaudBertrand I was wondering for few hours how not buying cooking oil from China would hurt China when Canola oil that Americans use for cooking is mostly from Canada.
#China’s box office for the 2025 Spring Festival (including presales) reached 8.02 billion yuan ($1.11 billion) by 3:30 pm on Monday, breaking last year’s record to become the highest-grossing #SpringFestival film season in history, according to data from the China Film Administration. The cumulative box office of the Chinese film market in 2025 has reached 9.82 billion yuan, surpassing the North American box office to rank first in the world.
"81192 received. I can no longer return. You guys keep going!" #OnThisDay, remember Chinese hero pilot #WangWei, a guardian of China's territorial airspace and waters, who was killed in a midair collision between a US surveillance plane & a Chinese fighter jet on April 1, 2001.
The more I think about it, the more the I realize how huge this news actually is, how big a win it is for China, and how big a loss for the US.
In one simple move, China basically proved that the enormous years-long efforts the US put to destroy both Huawei and the Chinese semiconductor industry have been defeated.
In typical Chinese fashion - words are cheap in China, you prove yourself with deeds - they didn't make any announcements about it. Huawei didn't even communicate on the product launch, the phone just showed up in their store. And that was coincidentally on exactly the same day as the visit of US Commerce Secretary Gina Raimondo, who had vowed to "slow China's innovation rate". Talk about symbolism!
People had to look inside the phone to find out it is equipped with Huawei’s in-house Kirin 9000s processor, which is apparently made by Chinese semiconductor firm SMIC using a 2nd generation 7nm-class fabrication process. Less than one year ago, when the US introduced its sweeping set of sanctions against the Chinese semiconductors industry, "experts" vowed it would kill the industry or at least freeze its technological progress at the 28 nm chips China were at back then. Fast forward to now: China can evidently mass-produce 2nd generation 7nm chips entirely indigenously. The iPhone 14 Pro has 4nm chips so China is now almost on par, maybe just 1 or 2 years behind but catching up at an insane speed.
So what has the US managed to do? They've transformed Huawei into an incredibly more resilient company and have made China build an entirely indigenous semiconductors ecosystem, which wasn't the case at all before the sanctions, and which I am sure will prove to be a formidable competitor to other semiconductor companies out there.
Because other countries have been paying attention here. They now know that it's super dangerous to source semiconductors with Western firms as the US won't hesitate to weaponize the industry for geopolitical ends. So they'll turn to Chinese firms...
What about Huawei's new phone? You can absolutely bet Huawei will end up eating a significant market share from Apple - as was the case before the sanctions. Especially in China where patriotic Chinese will undoubtedly rush to buy the phone, now a symbol of China's technological might.
So it's lose, lose, lose for the US. Much more loss than if they hadn't done any of their aggressive actions against Huawei or China's chip sector.
Which again goes to show just how utterly pointless this new "cold war" is. Had the US decided to remain in engagement mode instead of "extreme competition" mode (as they call it), they'd have been much better off.
In a word: hubris.
"Where there is happiness, we share together; where there are challenges, we fight together." In this #ZTalk show, we will share you the stories of a rescue team in Turkey and China Luban Workshop that helps train professional workers around the world. https://t.co/5OnU1OVVxY
Around 5% for the 2-year and 4% for the 10-year, US yields have settled at what some believe are new and more stable levels.
It’s a hard one to call, however—not only because of considerable economic fluidity but also the significant overlay of monetary policy-induced volatility.
@Kanthan2030 Legend has it that Zheng He 鄭和 discovered America first but had to return home prematurely due to local politics. How would history be rewritten if he didn’t need to go back?
As I have said before, if you force #China to become more self-sufficient, China will buy less from its foreign suppliers, the lost in orders will be structural and permanent.
I wonder if #Washington intended to cripple China’s chip industry or ASML in specific?
@SpokespersonCHN When people finally catch #COVID and suffer from sore throat and headache after three years of #ZeroCovid policy, they would appreciate what the government has done to protect them in the past.