Musk trying to out-Wumao Bill Gates on Twitter.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Lol I guess they really love getting paid in 50 cents denomination
2 dudes who are the least likely to need another 50 cents in their portfolio.
China doesn't have a middle income trap. Many of the coastal provinces have already or near achieved high income status.
Big bad China has to have a sinister reason to apply for so many trademark in the US.
Big bad China has to have a sinister reason to apply for so many trademark in the US.
Middle Income Trap is a Bullshit story. It is an invention used to tell the poor SOBs how they can never climb the value chain and doomed to make sock for you forever.
See, it's not my fault that I screwed you by raising interest rate, reducing liquidity and availability of USD/capital just as you were in the midst of upgrading your production line. It's also not my fault that guys like Soros came in and trashed your currency, which then allowed hedge funds to come in and raid your companies for dimes on the dollar, so in the event that you do wind up climbing the value chain, we still get all your dividends, just like Samsung.
Middle income trap is an invention created to fool small or medium size companies mired in the US supply chain.
Middle income trap DOES NOT apply to mega size countries like China that has end to end solutions on all consumer goods, world's largest goods market and global brands.
Maybe Malaysia can create some components for Ericsson becoming part of their supply line for 5g. But yeah Malaysia is not really a country I expected to become a RAN manufacturing. I did see a Asianometry video that Malaysia does have some Semi conductor capabilities also something i didn't expect to learn.
AssassinsMace
Lieutenant General
Think Brazil, Argentina and India.
I don't think India has escaped low income trap. So it's just Brazil and Argentina.
Yep, middle income trap refers to countries that do not have sufficient innovation/competitiveness/scale to take on world leading companies.
China is clearly not the case here. It has lots of world class companies. Huawei's 5G alone made the entire western world shiver in fear