China decoupling from wall street

VicBee said:
The decoupling with China is a mistake in my opinion because it removes economic reasons for not going to war with one another over Taiwan. But the decision has been made by the US, first with Trump and now with Biden. We're on the verge of a very uncertain future.
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China has decoupled from the West long time ago. China has been eradicating anything "foreign" in favour of developing everything "Chinese style" for a long time. What the West has done is just a reaction, albeit a belated reaction to what China has done since a long time ago.

It's just interesting that China has now "decoupled" from Wall Street and yet the clueless Wall Street led by the reckless Ray Dalio who doesn't even know how to manage risk properly is going to China to open up their business there, to teach the CCP how to extract money even more efficiently through the capital markets.
 
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TheDawn said:
China has decoupled from the West long time ago. China has been eradicating anything "foreign" in favour of developing everything "Chinese style" for a long time. What the West has done is just a reaction, albeit a belated reaction to what China has done since a long time ago.
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I don't think that's true. Remember, China only emerged from isolation starting in 1978 and foreigners settling in China in the 80s were still adventurers. I have friends who moved to Shanghai at the end of the 80s when nearly the only cars were taxis and who couldn't keep track how quickly Shanghai morphed in front of their eyes.
I lived there for a year in 2002 and could see for myself the incredible transformations still shaping that metropolis more populated than the entire country of Australia. I used to joke that while it took 20 years for the Oakland section of the old Bay Bridge to be demolished and rebuilt, Shanghai had built a freeway network, an international airport served by a maglev train, a complete underground metro network and probably 200 modern towers.
While China was in full scale infrastructure development, its population was still trying to figure out how to fit in all of it. Foreign training schools were being built everywhere to teach languages and proper manners and service sector skills.
Through all of this I could see that the government was very conscious of not letting foreign businesses simply come in and get rich. Foreign commitment had to be a part of the equation, particularly know how, and my impression was that from small to large ventures, making it in China was going to be twice the work for half the rewards.
As for Tesla, it is a high visibility company at the highest levels of government, both at the local and national levels. The company will prosper for the time being as it is a showcase of China's manufacturing know how. It doesn't mean it will not encounter red tape and unforseen hurdles, but probably much fewer than 2nd tier ventures that can be replicated by Chinese businesses.
I'm pretty sure if he had to do it over, Musk would have doubled the footprint of his Shanghai factory over building anything in Germany...
 
Not letting foreign businesses to come in and get rich? So what, they expect foreign businesses to come in and work for free and get poor? LOL I mean foreigners who go in to China are all going there to work, to either provide a product or to provide a service. That's been a given since the beginning of time. Are they still thinking that foreigners are just going into China doing nothing and then coming back with gold? LOL

The speed of how all those infrastructures were built in China is quite impressive but the durability and quality of those structures and their environmental impact is still to be seen.
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Yes we may take 10-20 years to build something but what we build lasts. At least so far this is still the case.
 
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earth_imperator said:
US has weaponized everything, even, and maybe even especially, the stock market.
US attempting to blackmailing China.
No other country that has companies listed in the US has to do what the US demands from China.
This is discrimination at state-level.
IMO.
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You are correct these are hallmarks of 4GW (4th Generation Warfare) what it all boils down to is the direction human civilization will take and who gets to write the history books.

Akuma
 
VicBee said:
If only that was true...

https://www.courthousenews.com/34m-settlement-reached-for-defective-work-on-bay-bridge/#:~:text=The bridge's $6.4 billion eastern,have raised alarms about safety.

https://www.nbcbayarea.com/investigation/millennium-tower-tiling-fix/2945803/
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Those are isolated cases and that happens everywhere. People just suck. What do you want? But how the s*** is happening in China is just unacceptable. It puts people's lives directly in danger. Did you see people running in the middle of the street right in front of shopping malls because some s*** is going to drop on top of their heads like a meteorite from the sky? That doesn't happen here. We don't walk down the street and all of sudden we have to worry about things falling off buildings. And this should be the basic expectation of safety people should be able to have no matter where they live, especially I should say from the second largest economy of the world.
 
TheDawn said:
People just suck.
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Could you put a percent on that?
Does your opinion color your outlook on people in general?
Do you ever look on others as interesting people that you want to meet? Friends you just haven't met yet? Yep, after exposure, sure enough not 100% of them are pleasant individuals.
What percent would you say "suck" Don?
 
AKUMATOTENSHI said:
You are correct these are hallmarks of 4GW (4th Generation Warfare) what it all boils down to is the direction human civilization will take and who gets to write the history books.

Akuma
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The 20th century was an American Century, the 21st century is already and will be a Chinese Century, IMO.
 
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