Recent submissions

Comment · 10 years ago
> This is a massive lift in real economic activity which can finance a lot of debt.

China's already hit its limit. "Also, the Chinese economy is over-indebted. The total social debt is now 300%. Together with external debt, this figure rises to about 350%." http://marketrealist.com/2016/01/george-soros-sees-crisis-re...

> Secondly there is a now huge upper middle class who are travelling the world, sending their kids to Australia or US for study and still buying Apple products. They are not going away

"their buying power doesn't compare with that of their US counterparts. Between 2010 and 2014, only 12% of these people reported a household income of more than $3,200 a year, or $8.50 a day." http://www.businessinsider.com/demand-report-on-chinas-middl...

Comment · 10 years ago
The article talks about investors needing to know that

1.) China's construction boom is over

2.) Need to understand China better

3.) Take off the rose-tinted glass

I would add a few more here:

4.) With all the capital controls currently in place, once you invest, you might not get your money out, ever.

5.) With president Xi becoming more dictator-like, and encouraging anti-foreign behaviors, once you get in to China, you might easily get in trouble. Jailed without trial. Or disappeared.

6.) With the great firewall becoming more restrictive, and VPN working less and less, you might not be able to hit any foreign websites from China. No communications with your family or loved ones. No search for foreign customers.

7.) With the impending yuan devaluation (20%-50%), it might not be worth it with a low growth environment in China.

Comment · 10 years ago
Comment · 10 years ago
Not true.

China angered by Hillary Clinton tweet on women's rights http://www.bbc.com/news/world-asia-china-34377406

"Mr Xi has come under fire for hosting the summit as several women's rights activists were held earlier this year for planning a demonstration against sexual harassment on public transport."

Comment · 10 years ago

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton