rockdog
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According to the searchs from EU, US and China, 80% of 5G applicaitons will happen in enterprise and government sides, when you see more and more companies coming to agriculture, automobile and pig, cow feeding, it means the 5G is in real shit now.I agree that it will happen but basically the down trend of Chinese companies have started.
If you check the stock value of Chinese ICT, Internet, EV companies, the value is times higher within one yr, and Chinese mobile makers are gaining 77% share of India despite Galwan conflict, it's very hard to say they are in down trend.
If you check China's export/import data of 2020, China's trade surfplus to US is still increasing, some US officers admitted they lost trade war against China.US US takes action, It is world's most powerful nation has taken action against Chinese companies. Add its NATO allies to the same. What is left thereafter?
The tricky thing is, when US government release ban on some key techs to China, those US owned companies quickly gained the permissions to supply China again, but other nations' didn't, it now becomes a weapon on business world.
This quite pissed off the EU, and they are investing non-US supply chain to do business with China:
Altmaier estimated that companies would contribute between 60% and 80% of the overall investments, with state subsidies from EU member states ranging between 20% and 40%.
Germany predicts chip investments of up to 50 billion euros in Europe
European countries are planning to support the local production of technology hardware with targeted aid that could result in overall investments of up to 50 billion euros ($60 billion), Germany said on Wednesday.
www.reuters.com
Of course, Huawei would lose like $100 billion income in 5 yrs according to prediction, but after those 5-year tough time, government will finished the localization of key tech supply chain on Chip. Just like how central government did on EV industry 10 yrs ago.
The positive side is, those hot money in China won't invest on real estate to make bigger bubbles, large part of those money are coming to those local Chip R&D and manufacture companies. Market value of those enterprises grows 2-5 times since the trade war begen ...
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