Chinese Telecom Company Launches 'RedBerry' 287
Ubergrendle writes "The Globe&Mail is reporting that Chinese telecom company China Unicom Ltd. is launching a new wireless device unapologetically named 'Redberry'. This comes in the wake of an almost 2 year regulatory delay blocking the introduction of RIM's Blackberries to mainland China. Certainly this delay was convenient to China Unicom, if not deliberately staged to allow for domestic competition."
No Picture (Score:1, Interesting)
Leave it to China (Score:5, Interesting)
It sounds like something a college kid would make up as a prank and try to sell.
There's gotta be some marketing exec in Beijing reading the paper and going "ROFL" over this...
Why the fascination (Score:5, Interesting)
Re:Why is blackberry so unique? (Score:5, Interesting)
Now why somebody else doesn't just make a similar network and market it to the cell carriers, I'm not sure. That's where I'm betting the patents come in. But I think BB has sold itself to the cell carriers as being easier to implement and maintain than a roll-your-own solution, and their handsets and all-you-can-eat pricing (versus SMS) have gotten them a good userbase and the associated name recognition.
If anyone can elaborate on exactly how the BB system works, I would be interested.
Re:Why is blackberry so unique? (Score:4, Interesting)
The only types of people I know with crackberries are attorneys, hedge fund managers and accountants that would have zero patience for learning a new way to type. They don't want to fiddle with T9 when most of the stuff they type is very specialized and wouldn't show up automatically. A mini-QWERTY kbd is quick and good enough for their needs.
How Typical! (Score:1, Interesting)
How about "We take our ball and go home"? (Score:3, Interesting)
Now imagine either of two scenarios:
1) China ceases production for the US market. (They could easily turn to produce for their own domestic market, and at not too dissimilar revenue levels.)
2) China calls in our tab.
Sleep tight.
Berry Timely (Score:5, Interesting)
Re:So this is the thanks we get?!?!? (Score:2, Interesting)
Re:that doesn't seem very sporting of 'em (Score:5, Interesting)
Would you borrow from a nation that isn't repaying their debts?
Look, you're willing to accept money in lieu of your services because it has a fiat value. You can exchange that currency for goods or services in trade. That currency is only valuable because it is universally accepted. Ask someone who survived ww2 in Germany about currency confidence.
Similarly with government bonds you purchase them on the promise your money will be returned, and while they have your money you earn interest. You are more than happy to buy tresury notes in the US because you know you'll get your money back. If there was ever any doubt, you'd be less inclined to give up your money in exchange for this interest bearing bond.
Certainly you cannot foreclose, but the market in general can.
Re:Remember *Why* We Have a Trade Deficit (Score:2, Interesting)
The huge trade deficit with China isn't a mystery. Labor there is drastically cheaper than it is here; any labor intensive product will be much cheaper to make in China. In "The Undercover Economist", Tim Hartford states that the cost of shipping something inside Los Angeles is greater than the cost of shipping it from China, so(if he's right) shipping costs aren't particularly relevant. If the United States did not collectively have good enough credit to maintain the deficit, the deficit would collapse. It is also a possibility that the calculation of the deficit is ignoring some american export and thus is too large.
China would not(and will not) expend a great deal of effort keeping the United States propped up in style. The best evidence for the trade deficit not being a big issue(for the US or for China) is the existence of the trade deficit.
As China's economy grows, one of two things will likely happen: the US will be fuxored, as no one will be able to afford the high price of Chinese goods or production will move back to the US. Buying goods that are produced as efficiently as possible usually isn't a bad thing, it frees up production for other things.