Chinese Economics Thread

[Hendrik_2000]

French engineering don't hold a candle

Bombardier is not French company but Canadian start as skidoo manufacturer make a ton of money then branch into subway the first one is in Montreal then they make street car Toronto. Get more ambitious bought the old De Havilland of Canada finally take over Canadair and built CRJ series regional jet. Huge success but then they chew more than they can bite. And building C series trunk line jet without market depending on US market except they start getting into Boeing turf and they get stood up. sold C series to Airbus

 

[Kazuo Ken]

Bombardier is not French company but Canadian start as skidoo manufacturer make a ton of money then branch into subway the first one is in Montreal then they make street car Toronto. Get more ambitious bought the old De Havilland of Canada finally take over Canadair and built CRJ series regional jet. Huge success but then they chew more than they can bite. And building C series trunk line jet without market depending on US market except they start getting into Boeing turf and they get stood up. sold C series to Airbus

He was talking about Bombardier Rail equipment business that currently owned by Alstom.

 

[Hendrik_2000]

He was talking about Bombardier Rail equipment business that currently owned by Alstom.

It might be sold to Alstom but the plant and design office is still in Canada no?

 

[Kazuo Ken]

It might be sold to Alstom but the plant and design office is still in Canada no?

Yes the design office still based in Canada

 

[voyager1]

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Mental illness

 

[hashtagpls]

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Mental illness

i disagree; money should serve to make one's life better, there's no point working hard and saving and getting no benefit from it- let alone having your wealth being used to supplement american living standards.

I've also seen the other extreme; people who just keep buying property as an investment with their hard earned money and never living long enough to enjoy it.

 

[manqiangrexue]

i disagree; money should serve to make one's life better, there's no point working hard and saving and getting no benefit from it- let alone having your wealth being used to supplement american living standards.

I've also seen the other extreme; people who just keep buying property as an investment with their hard earned money and never living long enough to enjoy it.

Yes, but at the core, in order for money to improve your life, it has to make you happy. Some people are happy surrounded by luxury items that are more expensive than they should be; it makes them feel like massive consumption confirms the importance of their existence. Personally, I think that is a sign of insecurity but it is their way to chase happiness. For others, seeing their investments grow brings happiness. Myself, I don't like to spend on expensive things, especially ones meant to be used up. For some people, using expensive goods feels luxurious and brings happiness but to me, it feels like waste. I like to save and invest my money and watch it grow because the knowledge that I am building a solid financial foundation to raise my children with brings me a feeling of accomplishment, which translates to happiness/enjoyment. Happiness is a state of mind, not a state of physical enjoyment; physical enjoyment may bring happiness, but it is a (flawed) tool, not the goal.

 

[voyager1]

Yes, but at the core, in order for money to improve your life, it has to make you happy. Some people are happy surrounded by luxury items that are more expensive than they should be; it makes them feel like massive consumption confirms the importance of their existence. Personally, I think that is a sign of insecurity but it is their way to chase happiness. For others, seeing their investments grow brings happiness. Myself, I don't like to spend on expensive things, especially ones meant to be used up. For some people, using expensive goods feels luxurious and brings happiness but to me, it feels like waste. I like to save and invest my money and watch it grow because the knowledge that I am building a solid financial foundation to raise my children with brings me a feeling of accomplishment, which translates to happiness/enjoyment. Happiness is a state of mind, not a state of physical enjoyment; physical enjoyment may bring happiness, but it is a (flawed) tool, not the goal.

Agreed. But you could also see this from another angle. All these dozens of billions of dollars are flowing right into luxury companies in France etc. Could you imagine all these money going to semiconductors companies starting from 2010?

Obviously thats impossible to do, but it is one thing to keep in mind. That while these companies are milking Chinese money, the Chinese IC companies were cash restricted and couldn't expand easily.

Do this with poverty alleviation program, green development etc.

So while these people are "happy", the whole country is suffering from lack of cash. This where the Western-led ideology falls apart and where the Chinese model is coming into play


Honestly it wouldn't surprise me if the Chinese Gov would apply a strong tax on these luxury goods AND require them to take part in "social responsibility". The amount of money that these luxuries are syphoning from other important strategic development is crazy. It is imperative that the Gov start taxing these goods heavily

 

[manqiangrexue]

Agreed. But you could also see this from another angle. All these dozens of billions of dollars are flowing right into luxury companies in France etc. Could you imagine all these money going to semiconductors companies starting from 2010?

Obviously thats impossible to do, but it is one thing to keep in mind. That while these companies are milking Chinese money, the Chinese IC companies were cash restricted and couldn't expand easily.

Do this with poverty alleviation program, green development etc.

So while these people are "happy", the whole country is suffering from lack of cash. This where the Western-led ideology falls apart and where the Chinese model is coming into play


Honestly it wouldn't surprise me if the Chinese Gov would apply a strong tax on these luxury goods AND require them to take part in "social responsibility". The amount of money that these luxuries are syphoning from other important strategic development is crazy. It is imperative that the Gov start taxing these goods heavily

Actually, luxury goods in China are hyper-taxed as they should be so when these youngsters buy these things, the Chinese government gets a lot of income for semiconductor and other research. I remember 10 years ago when I drove a bunch of Chinese FOB classmates to the mall to get their "essentials" and they remarked that every expensive name brand, we are talking $80 shirts, $300 shoes, etc... was so so cheap, like a quarter the price that they are in China. They marveled at these things and wanted to buy it all, while I told them that I could get 20 name brand shirts at Goodwill for $80 and every Monday was $1 day. If everyone spent money like me, China's economy would be a lot smaller. These irresponsible spenders have their place and use, but what is truly devious is when people try to use overseas shoppers to avoid the luxury tax in China thereby enriching foreigners while doing nothing for China. I hope Chinese customs catches all of them and imposes crushing penalties.

 

[Kazuo Ken]

Agreed. But you could also see this from another angle. All these dozens of billions of dollars are flowing right into luxury companies in France etc. Could you imagine all these money going to semiconductors companies starting from 2010?

Obviously thats impossible to do, but it is one thing to keep in mind. That while these companies are milking Chinese money, the Chinese IC companies were cash restricted and couldn't expand easily.

Do this with poverty alleviation program, green development etc.

So while these people are "happy", the whole country is suffering from lack of cash. This where the Western-led ideology falls apart and where the Chinese model is coming into play


Honestly it wouldn't surprise me if the Chinese Gov would apply a strong tax on these luxury goods AND require them to take part in "social responsibility". The amount of money that these luxuries are syphoning from other important strategic development is crazy. It is imperative that the Gov start taxing these goods heavily

I think you're suffering from a disease call "Instant result"

This is also the problem of Western world. Always looking for instant result and prefers short term thinking over long term thinking.

Funding is not a problem for China m8 but result will take longer time to produce depends on the complexity of the venture. Funding also needs to be channel correctly. Or we will witness a failure like that one semiconductor business.