1. Automotive: BMW, Mercedes Benz, Volkswagen, all German companies, have complete access to the Chinese automotive market. Volkswagen would be dead, because of the diesel-gate scandal, if it weren’t for the Chinese market saving their sorry asses. BMW probably makes more money from the Chinese market, than any other market worldwide. And these German companies have almost 100 years of manufacturing knowledge, that the Chinese side did not have. Is this fair? You decide.
2. Airplanes: Europe has Airbus, which has some 50% of the Chinese aviation market. This looks like a monopoly here in favor of the Europeans and Americans. Will the Europeans allow Comac to compete fairly when they get their passenger planes airworthy? That is debatable.
3. Luxury products: European brands have a captive market in China. Louis Vuitton is French. Other Italian brands, etc, they all have free access to the Chinese market. Do you see any Chinese luxury products in Europe? Zero. Is this fair? You decide.
4. Software: Europe has SAP, Siemens, also German companies. These companies can freely sell in the Chinese market. Is there a similar Chinese company that can sell into the European market? I can’t even think of one. Is this fair? You decide.
Chinese side:
1. 5G: The Chinese finally create a new technology that they have full intellectual property rights to, the 5G internet, and what happens? They are now banned from every single European country. The reason? The potential for spying. LOL. How convenient of an excuse from the Europeans.
2. China has WeChat, but this appears to be irrelevant in Europe.
3. China has Alibaba, but this is also irrelevant in Europe.
4. China has mobile phone makers, but all are Android. And guess where the majority profits go to? The United States companies, Google, Qualcomm, etc.
It appears that the European side makes the lions share of the profits. They earn more from branding and royalties. Whereas it seems the Chinese side makes peanuts in comparison, and they must fight for the scraps in volume, to earn a decent profit. Is that fair? You decide.
This is obviously not fully conclusive, but each side plays to their own strengths.
> 1. 5G: The Chinese finally create a new technology that they have full intellectual property rights to,
Chinese companies may own a significant share of 5G-related patents, but other companies (like Samsung, Ericsson, Qualcomm) weren't just idly sitting by, so the intellectual property rights are distributed piecemeal across multinational companies. https://www.iam-media.com/who-leading-5g-patent-race
> the 5G internet, and what happens? They are now banned from every single European country.
Has any European country besides the UK even taken steps in the direction of banning Huawei or other Chinese companies? And I thought even the UK hasn't implemented a ban yet?
European side:
1. Automotive: BMW, Mercedes Benz, Volkswagen, all German companies, have complete access to the Chinese automotive market. Volkswagen would be dead, because of the diesel-gate scandal, if it weren’t for the Chinese market saving their sorry asses. BMW probably makes more money from the Chinese market, than any other market worldwide. And these German companies have almost 100 years of manufacturing knowledge, that the Chinese side did not have. Is this fair? You decide.
2. Airplanes: Europe has Airbus, which has some 50% of the Chinese aviation market. This looks like a monopoly here in favor of the Europeans and Americans. Will the Europeans allow Comac to compete fairly when they get their passenger planes airworthy? That is debatable.
3. Luxury products: European brands have a captive market in China. Louis Vuitton is French. Other Italian brands, etc, they all have free access to the Chinese market. Do you see any Chinese luxury products in Europe? Zero. Is this fair? You decide.
4. Software: Europe has SAP, Siemens, also German companies. These companies can freely sell in the Chinese market. Is there a similar Chinese company that can sell into the European market? I can’t even think of one. Is this fair? You decide.
Chinese side:
1. 5G: The Chinese finally create a new technology that they have full intellectual property rights to, the 5G internet, and what happens? They are now banned from every single European country. The reason? The potential for spying. LOL. How convenient of an excuse from the Europeans.
2. China has WeChat, but this appears to be irrelevant in Europe.
3. China has Alibaba, but this is also irrelevant in Europe.
4. China has mobile phone makers, but all are Android. And guess where the majority profits go to? The United States companies, Google, Qualcomm, etc.
It appears that the European side makes the lions share of the profits. They earn more from branding and royalties. Whereas it seems the Chinese side makes peanuts in comparison, and they must fight for the scraps in volume, to earn a decent profit. Is that fair? You decide.
This is obviously not fully conclusive, but each side plays to their own strengths.