Kai Fu lee wrote about it in his book AI superpowers, I can highly recommend that book.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Hendrik_2000
Lieutenant General
You based company performance based on stock market up and down prices ? Chinese stock market has always been volatile. Because the structure of Chinese stock market comprises mainly of small individual share holder instead of institutional owner like in the more mature western market. They are averse to risk and more than ready to dump stock at any bad news
But we are talking here about the underlying business like profit margin, expanding service and market, cash flow, backed by ever better transportation and business environment, burgeoning middle class etc Nobody beat Chinese company.
See this guy like any bad news afflicting China even if does not make sense like who?
Last edited:
Increasing, the US market is the same way with the number of guys sitting at home flipping with their stimulus money.
Look at how gains are regaining some momentum now that crypto has suffer some setbacks.
If you look at the dynamic between GME/AMC, Crypto Currency and growth stocks, you see that their movement are correlated. However, only good growth stock has any real value and over time, the discipline investor will walk away with sustainable growth of their portfolio, over a 3-5 year period.
As mentioned already stock prices don't mean much, and now the "crackdown" has been priced in, watch T A & M steadily recover in the months ahead, particularly Tencent and Meituan, as 1 billion folks depend on these two companies, these two firms are in a class of their own.
Hendrik_2000
Lieutenant General
Exactly stock is long term investment I invest in stock more than decades and over the decades indeed it performed much better than real estate or gold without the expenses. I didn't do selling and buying I did my research and stuck with it for many decades. I didn't know why Chinese tend to prefer investing in real estate. You just have to have stomach and ride the volatility.
It's a legacy of Chinese civilizations agrarian roots and the hard time of 1940s to 1970s.
As population booms comes to an end, housing demand will ebb as well, especially in the 2-4 tier cities. Once those annual 4-8% gains are over, the growing middle class will need somewhere else to store and foster their nest eggs.
I think there is a huge market for financial management in China. A lot of kids are heading back with their MBAs.
Hendrik_2000
Lieutenant General
See where is Orthan, Gadget tool, etc who predict the sky will fall on china because the supply chain move to Vietnam. Well seem like Vietnam is having trouble with Covid. There is more to China other than good supply chain, hard working labor, highly skilled worker, first class infrastructure But most important is capable government and pro growth policy, excellent health care facility and good administration. That no country in SEA can match
FILE PHOTO: Employees pass a billboard advertisement for the Samsung Galaxy Note 7 on the way to work at the Samsung factory in Thai Nguyen province, north of Hanoi
James Pearson and Phuong Nguyen
Fri, May 28, 2021, 6:50 AM
By James Pearson and Phuong Nguyen
HANOI (Reuters) - A rapidly spreading COVID-19 outbreak has left factories operating below capacity in Vietnam's industrial northern provinces, where suppliers for Apple, Samsung and other global tech firms are located, industry sources said.
After successfully containing the new coronavirus for most of last year, Vietnam is now battling an outbreak that is spreading more quickly. More than 3,000 people have been infected in 30 of its 63 cities and provinces since late April.
The capital Hanoi, and the southern business hub of Ho Chi Minh City, have shut restaurants and banned public gatherings.
Four business sources said their operations had been affected as some areas have entered lockdown, raising concerns about supply chain disruption.
A source at one Apple supplier said the company had split its workforce over two shifts, describing it as a "temporary solution, for maybe two weeks."
"Otherwise, the supply chain will be more or less disrupted," said the source, who requested anonymity because they were not authorised to speak to the media.
Vietnam's health ministry said on Friday it had begun vaccinating workers in Bac Ninh and Bac Giang, the two provinces most affected by the new outbreak.
At least 1.04 million people in Vietnam have had one dose of COVID-19 vaccine, but just 28,529 have been fully vaccinated, according to official data.
Bac Ninh, where Samsung Electronics has significant operations, imposed a curfew and other travel restrictions on Tuesday, state media said. Vietnam accounts for half of Samsung's global phone and tablet production, according to the government.
Last week, Vietnam's government urged Bac Ninh and Bac Giang provinces to boost efforts to prevent a COVID-19 outbreak disrupting industrial production. LG, Foxconn and Luxshare have operations or supply chain companies in the area.
Vietnam coronavirus outbreak threatens to disrupt tech supply chain
FILE PHOTO: Employees pass a billboard advertisement for the Samsung Galaxy Note 7 on the way to work at the Samsung factory in Thai Nguyen province, north of Hanoi
James Pearson and Phuong Nguyen
Fri, May 28, 2021, 6:50 AM
By James Pearson and Phuong Nguyen
HANOI (Reuters) - A rapidly spreading COVID-19 outbreak has left factories operating below capacity in Vietnam's industrial northern provinces, where suppliers for Apple, Samsung and other global tech firms are located, industry sources said.
After successfully containing the new coronavirus for most of last year, Vietnam is now battling an outbreak that is spreading more quickly. More than 3,000 people have been infected in 30 of its 63 cities and provinces since late April.
The capital Hanoi, and the southern business hub of Ho Chi Minh City, have shut restaurants and banned public gatherings.
Four business sources said their operations had been affected as some areas have entered lockdown, raising concerns about supply chain disruption.
A source at one Apple supplier said the company had split its workforce over two shifts, describing it as a "temporary solution, for maybe two weeks."
"Otherwise, the supply chain will be more or less disrupted," said the source, who requested anonymity because they were not authorised to speak to the media.
Vietnam's health ministry said on Friday it had begun vaccinating workers in Bac Ninh and Bac Giang, the two provinces most affected by the new outbreak.
At least 1.04 million people in Vietnam have had one dose of COVID-19 vaccine, but just 28,529 have been fully vaccinated, according to official data.
Bac Ninh, where Samsung Electronics has significant operations, imposed a curfew and other travel restrictions on Tuesday, state media said. Vietnam accounts for half of Samsung's global phone and tablet production, according to the government.
Last week, Vietnam's government urged Bac Ninh and Bac Giang provinces to boost efforts to prevent a COVID-19 outbreak disrupting industrial production. LG, Foxconn and Luxshare have operations or supply chain companies in the area.
since when Alibaba and tencent biggest stakeholder is Chinese or Chinese entity?
many years ago I ask in this forum, why Tencent and Alibaba is called China company, a senior guy proudly answer that it was because their head offices are in China, I laughed myself.
For me, Alibaba is Japan company doing business in China, and Tencent is South Africa/ Netherland company