Discussing Biden's Potential China Policy

[hashtagpls]

The GameStop story is micro example of the world. It's a bunch of hypocrite elitists that control everything and then when it's turned around on them they want to stop what they've always done to everyone else but they get to keep doing it. They don't want anyone outside doing that. High price housing was a sign of how wealthy a country is but when some country that's not a part of their club of elitists gets wealthy, all of the sudden they point to how something they've been doing is bad for a country. China is upsetting the world order they've established.

China also functions as the scapegoat for these white democracies (funny how white democracies always need scapegoats); in Australia the housing market went absolute nuts due to negative gearing and the boomer politicians squeezing supply since all their wealth was tied into real estate and their lobby groups depended on sky high property prices.
Who did they direct all of this public anger over unaffordable housing?
The Chinese, and so the Australian government stopped a lot of Chinese investors from coming into the country but that didn't stop housing prices from continuing to balloon out of control; what it did do, was prevent rich white australian property buyers from having to compete against Chinese money.

 

[localizer]

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WASHINGTON (Reuters) - U.S. Secretary of State Antony Blinken told top Chinese diplomat Yang Jiechi in a phone call on Friday the United States will stand up for human rights and democratic values in Xinjiang, Tibet and Hong Kong, the State Department said.

Blinken also pressed China to condemn the military coup in Myanmar, and he reaffirmed that Washington will work with allies to hold China accountable for efforts to threaten stability of Indo-Pacific, including across the Taiwan Strait, the department said in a statement.

Broken record

 

[Phead128]

In the last 20 years:
The Shanghai stock market has increased from 2100 to 3500 (or 67%).
In the same period the US stock market has increased from 10500 to 31000 (or 195%).

If you had bet on Chinese stocks you would have lost.

My post was CLEARLY in the context of US-China Trade War which occurred in the last 4 years. Ending the US-China Trade war would boost Chinese stocks.

And somehow you latch on to "Chinese Stocks" and went back 20 years? You clearly missed the point of the post.

 

[localizer]

https://twitter.com/i/web/status/1357704427369496580

 

[gadgetcool5]

My post was CLEARLY in the context of US-China Trade War which occurred in the last 4 years. Ending the US-China Trade war would boost Chinese stocks.

And somehow you latch on to "Chinese Stocks" and went back 20 years? You clearly missed the point of the post.

Oh I am fully in favor of investing in Chinese stocks, which I back up with my own investments. I would do this even if I felt the return was no higher than American stocks.

I consider it a good way of supporting China since higher stock prices make it easier for Chinese companies to raise money. If Mike Pompeo doesn't want you to invest, then by all means invest. Nonetheless I don't think it hurts to criticize the inefficiency of the Chinese stock market, since this is a matter that needs to be corrected.

 

[siegecrossbow]

Chinese stock market is for gamblers only. I still remember all the memes that came out after the 2015 crash. Really shock the faith of serious investors in China. Only stock worth investing in on Shanghai Index is probably Maotai.

 

[Petrolicious88]

[[Citation needed]]

Someone else can run the numbers, but I am pretty sure Chinese stocks on the US stock exchange have outperformed American stocks there too. Anybody with half a brain know the biggest asset class in China is real estate, and the stock market is a very undercapitalized portion of china's overall wealth.

Chinese companies listed on US exchanges will never outperform American stocks. Institutional investors will not allow a Chinese stock to outperform US stocks. Why would the US allow capital to flow into a Chinese stock when it could flow into domestic companies.

A perfect example is Amazon and Alibaba. Look at the price differences between the two, despite outstanding performance by Alibaba every quarter.

Another possible example that’s in the news lately is NIO. If NIO is a US company, it would easily be $100/share by now. It’s artificially suppressed because it’s a Chinese company.

 

[gelgoog]

You know US stock market is a giant bubble right due to US federal printing trillions and trillions of dollars that's basically rushing into stocks? Look at Tesla, it went up 10X over the course of the pandemic, Elon Musk is the richest man in world history, with Tesla larger than the top 20 automakers combined, even though Tesla has less car sales than ISUZU.

This will eventually lead to backlash I think. Trump was one symptom of it. People know the average consumer is losing power, they just don't understand the dynamics of what's happening. Just like Theodore Roosevelt pushed for trust busting and ended the Gilded Age eventually the same will repeat again. The alternative is the US slipping further into an unequal society ala Brazil.

The "gig" economy and piecework simply isn't sustainable. It's extractive.

I agree that Tesla's valuation is ridiculous. Even if you go by future possible production and sales it doesn't make any sense anymore.

 

[NiuBiDaRen]

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When both the Arab public and governments prefer China, you know USA isn't playing the role of 'global policeman' well. Funny this came out in Voice of America.

 

[daifo]

https://twitter.com/i/web/status/1357704427369496580

Gordo's sifu?

Someone commented in twitter that the guy died shortly after, too soon to see what happen.