The failure of Qualcomms acquisition of the United States indicates a new strategy of Chinas trade

According to analysis, if the Sino -US trade war broke out in an all -round way, in addition to tariffs, Beijing's acquisition of American companies in addition to supervision is also a way.The case of the acquisition of competitors En Zhipu, the acquisition of competitors, has recently broken the situation, indicating China's new strategy for the trade war.

If an enterprise involved in the mergers and acquisitions has a major business in a country, the antitrust regulatory agency of this country has the right to review the transaction.U.S. Computer chip factory Qualcomm (Qualcomm) pointed out on the 25th that because it has not been approved by the State Administration of Market Supervision and Management of the China National Market, it plans to cancel the merger of US $ 43 billion in the Dutch Enshipao Semiconductor Corporation (NXP).

The British Financial Times (FT) stated that the Chinese government was unwilling to make a timely decision, which not only stifled the transaction that was vital to Qualcomm's transformation, but also could change the M & A pattern of American technology companies.

On July 6, the United States began to impose tariffs on the first batch of US $ 34 billion in Chinese imports.The US President Trump has repeatedly reiterated whether it is intended to evaluate whether punitive tariffs are imposed on all Chinese products.As a revenge, China has also imposed tariffs on imported goods of the same size from the same day.

China's exports to the United States last year were more than $ 500 billion. If the trade war broke out, China will have to consider other retaliation methods, because there are not so many goods imported from the United States in China, and they cannot respond to US tariffs in the same way.

In this case, the Financial Times stated that it is a way to start underwriting a large -scale strategic transaction from American companies, such as Qualcomm's acquisition of the NXP case.

As the prosperity of personal computers and smartphone industries slows down, small chip manufacturers seek to maintain security by increasing size, and large manufacturers strive to achieve diversified business; in addition, all companies try to find them before 5G technology coming to find themselves before coming.Good positioning.

It is reported that the above reasons are the background of the semiconductor industry that set off a boom in mergers and acquisitions.M & A transactions announced by the semiconductor industry in 2015 and 2016 are worth more than US $ 200 billion, including transactions between Qualcomm and NXP.

However, some analysts said that the mergers and acquisitions have been significantly slowed down, and basically stepped on the emergency brakes.

The report quoted sources saying that Chinese officials had hinted in May to approve Qualcomm's acquisition of NXP's transactions in exchange for Trump's sanctions on the China Telecommunications Factory ZTE.In order to acquire NXP's goals, Qualcomm had privately lobbying to revoke sanctions on ZTE.

Whether China has the right to acquisition consent as a new strategy in response to the trade war remains to be observed.

Bloomberg reported on the 27th that the shareholders of the 21st century Fox have signed and agreed to sell its $ 71.3 billion entertainment assets to Disney, but some investors began to worry that the next obstacle, the next obstacle,It will be a regulatory agency from China.

Mei Yinyin: Andrdquo; and "Iraqi Agreement ANDRDQUO; to Andrdquo; Back

On July 25, the "World Daily" under Iran's highest leader of Hamenei issued a rare war warning. The title of its front page was "The missile is on the road, which will be empty (the Saudi Arabian capital) Lyadhe (Abu Dhabi, the capital of the UAE)".EssenceThis method of fighting directly to the Middle East allies shows that the "Iran nuclear agreement Andrdquo; keywords are transformed into the" Iraqi Crisis Andrdquo; and the United States and Iran are in the danger direction.

After the United States announced its withdrawal, Iran faced the prospect of the Iran nuclear agreement, because other parties to effectively maintain the continuity of this document under the premise of being unable to signs the United States, and it is naturally difficult for Iran to get compensation.The more realistic crisis is that foreign companies, especially Western companies, are withdrawn from the Iranian market one after another, so as not to be compulsive to the United States trade and financial hegemony. Andrdquo;

Iran is obviously unwilling to bear the US and "the strictest Andrdquo; sanctions in history, especially Andrdquo," without oil dripping oil;; Policies, especially threats to block oil exports in the Persian Bay area, to show the attitude of fish dead nets and damage. This week, Imei threatened each other to reach a new climax after Trump's administration, and Iran publicly threatened to destroy with missiles to destroy missiles with missiles.The capital of Saudi Arabia and the UAE is the ultimate statement.

On the 22nd, Iranian President Rouhani accused the United States of "inciting the Iranian nationals to endanger national security and interests of Andrdquo; Andrdquo in diplomatic and politics.He warned the United States not to adopt hostile policies. And "Iran does not want to be involved in war with any country including the United States, and coexisting with Iran will be the mother of all peace and principles.It also emphasizes that Iran will work hard to improve the relationship with neighboring countries such as Saudi Arabia, the UAE, and Balin. A few hours later, Trump said back to Twitter that and "never threatens the United States anymore, otherwise it will suffer rare consequences in historyAndrdquo; and said, "No longer the country Andrdquo;

For a period of time, in addition to the tentative announcement of the restoration of some concentrated uranium plans, Iran has increasingly reappeared the Safety issue of the Holmus Strait.Rouhani threatened in early June that Iran had an advantageous position in the Persian Gulf area and the Holmus Strait. This remark was immediately interpreted as implying that Iran might block the Strait of the Holmus.On July 5th, Major General Sulaimani, a senior official of the Iranian Islamic Revolutionary Guards, claimed that if the United States banned Iran from exporting oil, Iran would prevent all oil output in the area when necessary.Analysis of oil experts analyzed that if the shipping of the Holmus Strait is interrupted, the world's petroleum will have a shortage of 17 million barrels per day, accounting for about half of OPEC's total export volume, and oil prices will also soar from more than 70 US dollars to $ 250.

In order to stabilize oil prices, the United States is lobbying allies such as Saudi Arabia to dig production capacity and make up for the supply gap of more than 2 million barrels of barrels that appeared after Iran was kicked out of the market.However, even if this goal is difficult to implement, it exacerbates the risk of high oil prices to harm the US and the world economy. If the Strait of the Holmus is interrupted, it will be a global disaster.