Chinese wine being made and exposed within China and to the world with the help of this amazingly multi-lingual French woman that has chosen Ningxia as her home.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Will be interesting to see what the updated Chinese export restriction policies look like. We already know about discussion on solar wafer technology. And now, they also want to put more restrictions on rare earth process tech. Remember, the key to control rare earths is not the mineral itself. It's not rare. The key is the extraction and processing technology. If you don't have that tech like if you are in Russia, Vietnam and Brazil, then you are wasting this great resource. As such, China would want its own companies to work with local companies to setup extraction and processing. This allows China to control the rare earth industry while also not dry up its own reserves.
As I discussed also, huge investments by Sinopec and other 2 Chinese hydrocarbon into hydrogen technology and renewables. This is the future transition plan for hydrocarbon companies.
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Isn't this bad in a way? Why attract crypto? It was banned in the mainland for a reason.
Think of Hong Kong as an economic condom, a point where East and West can meet.
I think the US did setup this whole crypto sector to make money flow easier. To fund their proxies or white wash money back into the US like with FTX if I'm not mistaken.
So what can be used to get wealth into the west can also be used to get wealth out of the west. That is where Hong Kong comes into the picture.
The block chain does have some interesting technology not going to lie but I think China is smart by making sure all that engineering power/resources will be used to improve the real economy and not crypto metaverse stuff.
They tried to poke holes in it in 2019, happy to say that it didn't work.
It's just a slow, distributed database with some privacy enhancements (if that).
Any enterprising sommeliers here, please cultivate Eiswein "Iced Wine" in China and eat into the Canadian and German ice wine trade. Be interesting to taste the difference between grapes cultivated around the Himalayas compared to the Rhine valley.
Secondly, SMIC's stock price has gone up despite american attempts to sanction it and in fact has benefited from the probe into Micron.
I've tried to invest in SMIC but a lot of brokers in the West don't dare touch it, like the pussies that they are. So if anyone can recommend a good institution outside of ETFs, i would be immensely grateful.
The "privacy" is a mirage. These cryptocurrencies are pseudonymous at best. Not anonymous.
I thought SMIC had a stock ticker in Hong Kong. You can probably buy it if you use an European stock broker. I think US citizens are not allowed to invest in SMIC.
I thought SMIC had a stock ticker in Hong Kong. You can probably buy it if you use an European stock broker. I think US citizens are not allowed to invest in SMIC.
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Is that the right analogy? Wouldn't it be more accurate to say that China managed to put on a thicker condom after all?