amou234
Joined 2 years ago
Joined 2 years ago
Nio Loses $35,000 A Car. https://www.carscoops.com/2023/10/nio-loses-35000-a-car-that...
BYD lost its EV crown to Tesla after just one quarter as China’s EV market slumps https://fortune.com/asia/2024/04/03/byd-loses-ev-crown-to-te...
The EU just got a step closer to hitting Chinese EVs with additional tariffs—and may even apply them retroactively https://fortune.com/2024/03/07/eu-nears-hitting-chinese-evs-...
China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.
Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell.
"The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies. It found that the share of total market capitalization held by state-controlled enterprises, in which the government holds a stake of 50% or more, rose to 50% by the end of 2023, the highest proportion in five years"
[1] China's favored state-owned companies squeeze private sector https://asia.nikkei.com/Business/Markets/China-s-favored-sta... [2] https://www.reuters.com/world/china/chinas-state-owned-devel... [3] https://www.thinkchina.sg/not-everything-has-be-run-state-th...
The young in China are so disillusioned, they are buying gold in droves this year [1] (instead of putting it in bank, or invest in stock market or real estate)
[1] https://www.france24.com/en/live-news/20240221-youth-appetit...
"Ma spends much of his time abroad, especially in Japan where he is a visiting professor at Tokyo College, a research institute run by the University of Tokyo"
Jack Ma has no hope for China, as evident by his action. The long internal post may have been requested by the Chinese government, or his staff, to somehow rally Alibaba's failing image. But Jack sees the real pictures on the ground in China. And he chooses Japan.
And the young in China knows it too. That's why the young are laying flat. and sneaking through Mexico into US. and fleeing to Cambodia and Myanmar for work.
When China attacks Australia again, either via a trade war again, or a territory war like Chinese ships water torpedoing Philippine ships or China killing Indian soldiers, perhaps Australians will then change their mind, at least the ones that had dollar signs only in their head.
People respected Australia before for standing up to China and calling China out for covid origins.
Also, as we see from Russia's invasion of Ukraine, drones and missiles are effective at taking out the world's second largest navy. Taiwan has very accurate and effective homegrown missiles [3]. China would need to amass a ton of ships which would be easily detected, staff them with only sons from families, and try to move them across a 100 mile straits while under the barrage of US/Japan/Taiwan missiles and drones.
Lastly, China is quickly transitioning to state run economy much like Soviet Union [3], which means innovations and growth will be gone forever, especially in tech industries.
[1] https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd....
[2] https://www.businesstimes.com.sg/international/global/frugal... https://www.scmp.com/economy/economic-indicators/article/325...
[3] https://www.eurasiantimes.com/taiwan-smashes-chinese-warship...
[4] https://asia.nikkei.com/Business/Markets/China-s-favored-sta...