Trump bans Alipay and seven other Chinese apps

[TheGreatPython]

Biden will undoubtedly have to fix a lot of what Trump did. T

Hmm, how about he starts by fixing other things first?
Like the banning of Google, Wikipedia, Facebook, Youtube, and others?
Everyone starts shouting when the US bans a Chinese application but nobody even dares say a word about how Americans apps are treated in China.

That is exactly the issue here, why should America be responsible for banning Chinese apps when china has banned american products for years now? First of all china should try to explain to the whole world why they only allow Chinese products to be consumed in china.

Think about how much of iPhones were made in china, almost all of them were made there, and you can go to china and realize that they have only their own phones popular in there, phones like huwai or xiaomi are all the buzz in china, why? Because of two things, one is the simple fact that iphones are incredibly expensive for regular Chinese people since china pays their workers a very tiny amount of money in sweatshops, they make it look like the minimum wage is decent but in reality there are tons of sweatshops still in china that pays 10% of what the minimum salary is.

Secondly china gets a shit ton of taxes from foreign products while make it like almost no tax for domestic products.

[sana54210]

I doubt that biden will lift the ban on this Chinese apps because US is not the only one who bans those apps that might affect the national security of the country. India also ban those Chinese apps like tiktok and such because it violates the personal information of an individual. Also, it doesn't affect too much the US, because they already have those payment gateway exclusively for their citizen. But who knows what they're thinking right now, we can't really determine what's in the leader mind or their purpose of doing it.

Considering the progressive side of the democratic party and also budget committee chairman Bernie Sanders who is frankly the godfather of all progressives in USA, ended up hating china for all the human right violations they committed, I am sure Biden will have to keep it going. I do not know if Biden likes china or dislikes china, we may never know about it, but I know he cares about getting votes and being a good politician, so he will do what people want and people do not like china at all, especially in USA people hate china, so keeping it going forever would be beneficial for them both financially but also politically as well.

There is no reason for Biden to start working with China all of a sudden, even politicians who do bad things do it because that would bring them more votes, which means if there is no beneficial outcome for Biden, he will just keep it going.

[oHnK]

Everyone starts shouting when the US bans a Chinese application but nobody even dares say a word about how Americans apps are treated in China.

That is exactly the issue here, why should America be responsible for banning Chinese apps when china has banned american products for years now? First of all china should try to explain to the whole world why they only allow Chinese products to be consumed in china.

I also see the way the Chinese government dictatorship has never been complained by other countries, and instead brings their country's economy to double-digit economic growth.  Trump openly waged a trade war with China to counter the dictator's actions.  From physical products to social media, they regulate so strictly that they use their own products.  A smart way to create growth as the world's most densely populated population makes it a market for themselves.  I don't blame Trump for banning Chinese products, it's a form of Trump's awareness of anticipating competition for his local products.  I even hope my country does the same.  Not even dependence on foreign products and forget to love their own products.  If only there were strict regulations for using their own products as Trump and China do.

[tyz]

Already USA was making investigation on more number of Chinese application that is being used. Earlier itself with the banwog tiktok from India, USA announced its closure of more number of applications for security reason. Now this has been taking effect, as the ruling party is surrendering everything required for the governance.

In my opinion, the US should ban all Chinese companies that have anything to do with consumer money transfers and that have nothing to do with financing imports and exports. It cannot be that companies that are virtually under full control of the greatest dictatorship the world has ever seen (if you include the number of inhabitants) are allowed to compete in a free market (a free market that they do not allow in their own country).

[magneto]

Forget about all the geopolitical tension here. Can we talk about how Alipay has completely taken a beating this year so far?

First the trouble with the Chinese government, the IPO that didn't pan out.... Then now, shut down by the US as well.

I do feel bad for the board members who are probably expecting a ton of bonuses and a huge paycheck when the company IPO'd. But this is the perfect example to showcase how fragile the centralised payment processors are - you can never do this to a decentralised network like BTC.

[AndySt]

Already USA was making investigation on more number of Chinese application that is being used. Earlier itself with the banwog tiktok from India, USA announced its closure of more number of applications for security reason. Now this has been taking effect, as the ruling party is surrendering everything required for the governance.

In my opinion, the US should ban all Chinese companies that have anything to do with consumer money transfers and that have nothing to do with financing imports and exports. It cannot be that companies that are virtually under full control of the greatest dictatorship the world has ever seen (if you include the number of inhabitants) are allowed to compete in a free market (a free market that they do not allow in their own country).

Without going into the wilds of political propaganda, I would love to hear from you an example of at least one large country that has a truly open free market without protectionism in favor of its own companies, because it turns out an interesting situation. When China did not have the current economic power and ambitions, everyone quietly turned a blind eye to the system of power and human rights problems, but when they saw a growing competitor, then suddenly everyone's eyes were opened.

[Shasha80]

Whoever the president of America will not change policies towards some Chinese companies, If America were already under Biden's leadership
I believe Biden would not have lifted the ban on some Chinese apps. Because America is competing with China to become the strongest producing
country. But I see that America is still in control of the world economy, with US dollars circulating around 80% of economic transactions worldwide.

[BigBoy89]

I bet that Biden will overturn this and many other of Trump's orders. Some for good, other not so, but they will be overturned.

IMO the next couple of months will be full of surprises.

[1l1l11ll1l]

I bet that Biden will overturn this and many other of Trump's orders. Some for good, other not so, but they will be overturned.

IMO the next couple of months will be full of surprises.

It won't be easy for Biden. Already a section of the media accuses him of being pro-China. His son, Hunter Biden is being accused of receiving bribes from the Chinese Communist Party. Under these circumstances, it will be politically risky for Biden to undertake any steps that can be interpreted as pro-China. He may chose to wait for a few more months at least with these rulings.

Yes, a lot has happened with his son, and I don't think Biden will be strict with China. although the USA and China are currently competing in various sectors, I just can't see Biden capable of being tough on China. Let's see in the next few months how the regulations will work

[Miaallen]

One will believe overturning the ban will be part of the actions Trump's administration made that Joe Biden will reverse. Remember Joe Biden promised to start working from the first day in office by signing some Executive orders to overturn some Trump's policies. It would not be a surprise to see the ban on those payments service providers as part of it.

[kolbalish]

It is unspecified at this time what Biden will do after leaving Trump his post. Because Biden's son is in trouble with China, it persists to be glimpsed what strides he will snatch. But the way China is being remodeled and its strategies are all hidden. So if Biden prefers to conserve America ahead of China, he must speculate twice and take the proper efforts.

[Twentyonepaylots]

Biden being much more sound-minded than Trump is would probabky see through the mistake of banning these payment channels and appkicwhich could've given them enough revenue. It's up to him if he were to lift the bans or still impose them.

One will believe overturning the ban will be part of the actions Trump's administration made that Joe Biden will reverse. Remember Joe Biden promised to start working from the first day in office by signing some Executive orders to overturn some Trump's policies. It would not be a surprise to see the ban on those payments service providers as part of it.

Probably. It's a bit minor so it does not rely take a lot of consideration and we are pretty much sure that Trump did this out of spite when he could not get his China (no pun intended). That being said I'd expect this to happen.

[Twinkledoe]

Biden being much more sound-minded than Trump is would probabky see through the mistake of banning these payment channels and appkicwhich could've given them enough revenue. It's up to him if he were to lift the bans or still impose them.

One will believe overturning the ban will be part of the actions Trump's administration made that Joe Biden will reverse. Remember Joe Biden promised to start working from the first day in office by signing some Executive orders to overturn some Trump's policies. It would not be a surprise to see the ban on those payments service providers as part of it.

Probably. It's a bit minor so it does not rely take a lot of consideration and we are pretty much sure that Trump did this out of spite when he could not get his China (no pun intended). That being said I'd expect this to happen.

I guess some of those Chinese payment apps are being used also by some Americans to pay on those e-commerce sites. We can't deny the fact that a lot of Chinese products are being used in all parts of the world. And sometimes, the only option is to buy their cheap product just to address our needs. Even crypto miners are getting their parts and equipment from China. So yeah, I believe Biden will overturn some of those policies. If it will affect their economy or its citizens, then he will surely make action on these policies.

[DrBeer]

Observing the history of Trump's presidency, there is a strong opinion that his key goal was total sabotage within the United States. From economic to social! True, this is all under the auspices of "good deeds". True, after the outbreak of protests and the epidemic, Trump began to take some steps without even hiding ... I hope that the change of president will lead to stabilization of the situation in the United States and in some other places

[Sithara007]

Yes, a lot has happened with his son, and I don't think Biden will be strict with China. although the USA and China are currently competing in various sectors, I just can't see Biden capable of being tough on China. Let's see in the next few months how the regulations will work

The mainstream media tried to hid the news on Hunter Biden. Social media platforms such as Twitter immediately deleted any posts even remotely related to the story. Without such help from the media, it would have turned in to a major controversy and could have destroyed Biden's chances, given how close was the election in some of the swing states such as Georgia, Wisconsin and Arizona.

[Princejebs]

I do not think that the new administration will cancel these decisions from the first day, they can be used to make better negotiation with China in the event that there is a need for more negotiation, but I do not think that Biden would go in this way.

The decisions represent a serious voice regarding the expansion of China in many technical, and few Americans use it.

I like China with one objective, ones they see opportunities in a nation, they make sure they milk from that country just like give and take. It currently happening in Africa and they always have their way because they borrowed them to create railways and take back their minerals.
Now, this is USA, they are another smart individual who want to takes and dislike anyone who want to milk from them. I love trump decisions about those limitations but his political greediness has fail the country in the last few years.