European Union negotiators finalized the terms of a historic investment agreement with China. Seven years in the making, the new Comprehensive Agreement on Investment is expected to grow international trade between the EU and China, facilitate cross-border investment, and "strongly stimulate" the economies of both nations, according to Chinese president Xi Jinping.

Strong rumors is that in exchange China will dump from 1.5 to 2 trillion USD into Europe debt market. China has no other option but to sign this agreement as refusal to do so will mean end of Chinese mobile industry in EU, as well as end of Chinese ambitions of independent silicon industry.

The Asia Times reported on Beijing's new legislative initiative. According to the source, the new order is planned to be ratified by the newly appointed Minister of Commerce of China Wang Wentao. The essence of the innovation is that Chinese companies will have a legal way to influence foreign companies that have damaged them as a result of restrictions imposed by third countries. The situation is best illustrated by the history of the US sanctions against Huawei. TSMC has stopped supplying the Chinese customer with HiSilicon processors, although it itself is subject to the jurisdiction of Taiwan, not the United States.

The new by-law will allow Chinese companies to recover damages from foreign partners, as well as force them to resume cooperation.

TSMC is vulnerable to Chinese laws. First, the company receives approximately 22% of its total revenue from Chinese customers. Secondly, it has enterprises on the territory of the PRC and has planned to expand them so far.

US President Joe Biden has pledged not to get involved in trade wars with China, as his predecessor Donald Trump did, and instead to compete with the world's second largest economy under international rules, writes CNBC.

According to Biden, there should be competition between the two countries that does not escalate into conflict. The new president also noted that he knows Chinese President Xi Jinping well, although he has not yet met with him as head of state. “He's very smart and cool. I am not saying this as a criticism, but in his body it is as if there is no bone in charge of democracy, " - Biden said.

I have extreme deja vu, as it is all the same before first round of trade war started.

The Federal Communications Commission (FCC) on Friday named five Chinese companies that pose a threat to national security under a 2019 law aimed at protecting US communications networks. These include Huawei Technologies Co, ZTE Corp, Hytera Communications Corp, Hangzhou Hikvision Digital Technology Co, and Zhejiang Dahua Technology Co.

This list provides meaningful guidance to ensure that operators will not repeat the mistakes of the past and will not use equipment or services that threaten US national security or the security of Americans as they build next-generation networks across the country, ”said the Acting Chair. FCC Jessica Rosenworth.

Rumors are that Chinese 5G station is around 40-50% cheaper and has more features and better remote control capabilities. Without bans 2 major manufacturers could become bankrupt as soon as early 2022.

They are kind of new to the party maybe that's why and maybe the big sharks don't now what to do with such a big beautiful virgin fish...(I'm fantasizing a bit).

EU slowly wakes up

On March 22, the European Union imposed unilateral sanctions on relevant individuals and entities in China based on lies and false information under the pretext of the so-called human rights issue in Xinjiang.

The European side ignored facts, turned black and white, grossly interfered in China's internal affairs, flagrantly violated international law and the basic norms of international relations, and seriously damaged China-EU relations. China firmly opposes and strongly condemns this. The Chinese government is unwavering in its determination to defend national sovereignty, security, and development interests.

China has decided to impose sanctions on 10 persons and 4 entities that have seriously harmed China’s sovereignty and interests and maliciously spread lies and false information on the European side, including: Member of the European Parliament Petty Koffel, Geller, Glucksman, Ku Chuk, Lexman, member of the Dutch parliament Shelzma, member of the Belgian parliament Kograti, member of the Lithuanian parliament, Sakariene, German scholar Zheng Guoen, Swedish scholar Ye Biyang, European Council Political and Security Committee, European Parliament Human Rights Subcommittee, German Mercator Center for Chinese Studies, Danish Democratic Alliance Foundation. Relevant personnel and their family members are prohibited from entering the mainland of China and the Hong Kong and Macao Special Administrative Regions. They and their affiliated companies and institutions have also been restricted from communicating with China.

China urges the European side to realize the seriousness of the mistakes, self-examine, correct mistakes, stop pretending to be a "human rights teacher", stop playing with hypocritical double standards, stop interfering in the internal affairs of other countries, and stop on the wrong path Go further. Otherwise, China will make a further firm response.

Materialism rules!

New round

In Sweden, it was unexpectedly learned that most of the solar panels installed on the roofs of Swedish houses could have been produced in the criticized Xinjiang Uygur Autonomous Region of China. This calls into question the further development of solar energy in Sweden.

More than six out of ten solar panels are manufactured in China. The raw materials for silicon come mainly from the Xinjiang Uygur Autonomous Region, where Sweden is believed to have at least one million Uyghurs and other ethnic minorities in retraining labor camps.

One of the most popular brands of solar panels in Sweden, offered to customers by the energy company Vattenfall, is made by the Chinese company Jinko. Vattenfall rejects criticism of the use of slave labor and cites its own investigation.

Of course, we reject forced labor, and now we are working on how to provide our consumers with panels that have nothing to do with Xinjiang Uygur Autonomous Region, ”said Annika Ramsköld, Vattenfall's sustainability manager.

It is time to prepare, I mean guys from Ikea.

“Our relationship with Beijing, like many allies, is competitive in some cases, cooperative in others, and antagonistic in others." Blinken said in an interview with the Italian newspaper la Stampa.

The goal is not to contain China, but to maintain "a system of world order based on rules that have been worked on since the end of World War II." The head of US diplomacy stressed that "China is acting by undermining this order, violating human rights or other obligations."

"When someone challenges this system, China or others, plays against the rules or tries to undermine the commitments made by others, we all have reason to resist," Blinken said.

Another strong idealist :-)

The Commerce Department has added seven supercomputer companies and organizations to its Entity List, banning US companies from supplying equipment or otherwise doing business. They build supercomputers that contribute to "destabilizing" military modernization efforts, nuclear weapons and hypersonic technology

For Mordor they did same years ago.

Chinese GDP

To ensure the protection of national interests, taking into account unfriendly actions against the Belarusian people, the Government has established a list of goods prohibited for import and sale on the territory of the Republic of Belarus. The corresponding decision is enshrined in the Resolution of the Council of Ministers dated April 23, 2021 No. 240.

The list of prohibited goods includes the goods of the groups of companies "LIQUI MOLY", "ŠKODA AUTO" and "BEIERSDORF" (trademarks "NIVEA", "EUCERIN", "LA PRAIRIE", "LABELLO", "HANSAPLAST", "FLORENA", " 8X4 "," SKIN STORIES "," GAMMON "," TESA "," CHAUL "," COPPERTONE "," HIDROFUGAL "," STOP THE WATER WHILE USING ME ").

The resolution does not apply to goods imported by citizens into Belarus for personal use specified in the resolution, vehicles registered in the member states of the Eurasian Economic Union, as well as vehicles temporarily imported into the customs territory of the Eurasian Economic Union.

Small retaliation to companies who called to cancel ICE HOCKEY WORLD CHAMPIONSHIP.

The world will not agree to live by the rules established only by some Western countries, Chinese Foreign Minister Wang Yi said during a video conference with representatives of the US Council on Foreign Relations.

"The US claims that China is" the only country capable of throwing down a comprehensive challenge to the international system. "We cannot agree with this. China has developed within the current international system. Why should we challenge the system of international relations that is in our own interests ? Is there a reason to start over? " - said Wang I.

What really worries him, he said, is the fact that multilateralism has faced opposition recently, and the world has faced the threat of splitting.

"The previous US administration violated treaties in every possible way, withdrew from various groups, abandoned international obligations and became the largest violator of the current international order. We welcome that the administration of President Joe Biden has returned to multilateralism," he added.

The Chinese Foreign Minister noted that “some people in the United States have repeatedly expressed their desire to strengthen“ an international order based on rules. ”“ But the question is what are the rules, who established them, ”he said.

"If these are only rules defined only by a number of Western countries, in this case, these rules are established by only 12% of people in the world, they cannot become universal rules for all countries," Wang Yi stressed.

The diplomat stressed that China's philosophy is very simple, it lies in adherence to the system of international relations with the central role of the UN and a world order based on international law.

"This alone represents the common will of all countries and is the implementation of true multilateralism," Wang Yi stressed.

Either Chinese elites are utterly stupid idealists or they are totally nuts.

But what if they are both?

Western Digital Corporation CEO David Goeckeler said in an interview with the Japanese Nikkei Asian Review that any geographic restrictions on market access harm the semiconductor segment, as the huge investment required is better justified in the global market.

Attempts by individual countries to isolate themselves in a technological sense, according to the CEO of Western Digital, lead to a decrease in investment efficiency, and therefore can slow down the technological progress itself.

Guy just did not mention that WD is part of greedy cartel and they also now sponsoring Chia crypto scam.