joekar1990@lemmy.worldtoWorld News@lemmy.ml•China flies 103 military planes toward Taiwan in a new high of activity the island calls harassmentEnglish
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1 year agoAgreed. They’d also have to be pretty sure they’d make up the deficit from potential sanctions/lost exports. [https://trendeconomy.com/data/h2?commodity=TOTAL&reporter=China&trade_flow=Export,Import&partner=World&indicator=TV,YoY&time_period=2021,2022](20% of their GDP is exports ) with the US, Japan, and Korea making up close to 25% of that.
It’s probably why they are watching Russia so closely and investing in Africa heavily.
My hunch is Zuck is salivating over divestment and was lobbying for this. However I think bytedance won’t divest since the US market only represents under 5% of the user base.
This is gonna bite Biden in the ass hard with the younger generations if he signs it and then they won’t vote (granted a lot don’t vote anyway). They’ll see it as an out of touch old government trying to silence our voices and give money away for war rather than help people. Will definitely be interesting to see how it unfolds.