> Could you imagine EU doing to TikTok what US did?
Since they seem to have no qualms picking fights with big US tech when they run afoul of their regulations...yes. Yes I can absolutely imagine that.
Plus, establishing a homegrown market is not "protectionist politics". It's allowing for, and enabling, competition, which, according to every proponent of capitalism, is a good thing (which is funny, because capitalisms systems actively enable and encourage to stifle competition as muc as possible, because it threatens the bottom line of established players. But I digress).
What is China going to be (officially) angry about? That the EU takes their own money to fund startups and alternatives, in, and for, their own home market?
> Since they seem to have no qualms picking fights with big US tech when they run afoul of their regulations...yes. Yes I can absolutely imagine that.
Meh. It's just squeezing some cash.
> Plus, establishing a homegrown market is not "protectionist politics".
It's 100% protectionist politics once you start doing more interesting things :)
> It's allowing for, and enabling, competition, which, according to every proponent of capitalism
Ah yes. That's exactly what modern europe is known for :)
> What is China going to be (officially) angry about? That the EU takes their own money to fund startups and alternatives, in, and for, their own home market?
China doesn't need to be officially angry. They can simply retaliate by forcing EU-related companies out. Sort of like they already do, just more strictly. Which is funny that China has all sorts of protectionist policies, but what if West retaliates... All hell breaks loose.
> It's 100% protectionist politics once you start doing more interesting things :)
So its aggressive economic politics now if country A buy less from country B, by making the stuff it needs itself? That doesn't compute.
> They can simply retaliate by forcing EU-related companies out.
Sure, they can do that. Only, given that the EU is their most important trading partner, and forcing companies out would probably spiral China into a recession, destroying decades worth of economic growth in the process, I somewhat doubt that China is willing to shoot itself in the foot just to throw a tantrum.
> So its aggressive economic politics now if country A buy less from country B, by making the stuff it needs itself? That doesn't compute.
Yes it is. The problem with modern manufacturing (and services to lesser extent) is not to build something, but find a market for it.
> Sure, they can do that. Only, given that the EU is their most important trading partner, and forcing companies out would probably spiral China into a recession, destroying decades worth of economic growth in the process, I somewhat doubt that China is willing to shoot itself in the foot just to throw a tantrum.
China is already doing all sort of protectionist practices. And West does not retaliate. Furthermore, it plays along to make a quick buck in massive Chinese market.
Do you want what would send China into a recession for sure? Chinese economy is export-driven. If West limited import from China (effectively capping Chinese export), that'd do a lot of damage to China. And China knows that very well.
Since they seem to have no qualms picking fights with big US tech when they run afoul of their regulations...yes. Yes I can absolutely imagine that.
Plus, establishing a homegrown market is not "protectionist politics". It's allowing for, and enabling, competition, which, according to every proponent of capitalism, is a good thing (which is funny, because capitalisms systems actively enable and encourage to stifle competition as muc as possible, because it threatens the bottom line of established players. But I digress).
What is China going to be (officially) angry about? That the EU takes their own money to fund startups and alternatives, in, and for, their own home market?