China Stocks

stocks

#683

Isn’t China reverting back to the dark Maoist days? Why pay so much attention to a failing state?


#684

Pretty long and kinda wild in a very chinese way. It says DXP sent troops into Vietnam in order to cozy up to the US, which in turn earned the trust of the Americans and led to 40 years of super high economic growth. Good read.

到2028年的時候,中美的經濟總量大約都會接近市值30萬億美金,中國和美國的經濟總量會是一樣,按照《中國製造2025》的規劃,那時候在一系列關鍵行業我們跟美國在技術層面上會很接近。然後到2040年的時候,中國的經濟總量也許比美國還要大30%到50%,那時候美國就沒有能力把中國壓住了,所以美國要把中國壓住一定要趁現在。

對於如此重大的戰略抉擇,考驗中國領導人智慧的時間到了。回顧鴉片戰爭以來到現在為止,差不多180年的歷史,從1842年到現在接近180年,再一次又一次重大的歷史轉折關頭,中國總是作出錯誤的選擇,1842年歷史給了中國很多機會,但在多數時候,中國總是站在錯誤的方向,只是在過去40年,在小平同志的主導下我們賭了兩次賭對了,這兩次賭對我們就創造了如此巨大的經濟繁榮。1949年我們跟蘇聯搞在一起,搞錯了;1895年洋務運動搞的半死不活,我們跟日本搞一架,又搞錯了。在歷史上我們一次一次總是搞錯,現在好不容易搞對兩次,這次能不能搞對,大家拭目以待。//


#685

It failed again and again before because it was not able to implement capitalism. But once market forces are set in motion, progress becomes irreversible irrespective of politics. This has been the case for all European and East Asian countries, so don’t expect China to be any different.


#686

Europe is capitalist? didn’t know.


#687

The more capitalist a country becomes the richer it gets


#688

On a similar note, if you look at a 30-year period countries who collect under 20% of GDP in taxes grow more than 2x as fast as countries who collect over 40% of GDP in taxes. There’s literally no logical reason to want a high tax big government policy.

The other one I was thinking about is people talk about how CEO pay in the US is much higher compared to the average worker pay than other countries. Then they name all these countries where CEO pay is closer to worker pay with the implication that workers in those countries are better off. The issue is American workers make more than workers in all of those countries. So why does it really matter if CEO pay is higher in America? It makes you realize making workers better off isn’t the goal. The goal is making everyone more equal even if they are all worse off.


#689

Exactly my point. Europe is more socialist than capitalist.

However, I also see this as the progression of economic models, meaning europe was very agressive with its kings/rulers looking out for expansion, but over time, they became less agressive. Now US is agressive both military wise, and economic wise. At some point, US might go more on the socialist end, and some other actor will rise. The answer may not be china, though.


#690

Please learn your history before speaking. Capitalism was invented in Europe.


#691

Did i say anything about “history”? Please learn to understand what you read first.


#692

Still is despite what you might think.


#693

image


#694

Assume he’s right. “More than” means “yes there is”. 49% of the country practicing capitalism is not bad at all.


#695

Do you have a definition of “capitalist” and “socialist”?

In the list of the world’s most free economies US is beaten by Canada and many European countries.


#696

Don’t fall into the “US is No.1” trap. The world is a big place.


#697

US isn’t but the Bay Area is.


#698

Yeah right and San Tung has the best Chinese food in the world. :roll_eyes:


#699

Not San Tung, but Koi Palace.


#700

Amazing what new leadership does :slight_smile:


#701

Trump has least to do with that…


#702

Koi Palace’s dim sum sucks.