Luke

Just post here; you shouldn't be hesitant to discuss viewpoints. I should move on from this thread anyways and give more space to others

Okay, boss, you surely will have 50 to 1 pay-off prices in China for the highest quality megacaps at some point! I am just making a huge mistake buying these crap stocks in a communist regime with no rule of law at these relatively expensive prices compared to the immense risk...

Okay! Then it's settled! China is shit and fucked and uninvestable! Cheers!

The last time I was in the US was 10 years ago lol. Am I still allowed to say anything about the US from what I have read or not? lol The letters from Rob Vinall are quite refreshing to have some non-hostile news from the local ground!

This whole debate about "you can't say anything about China because you don't live in China" is ridiculous. But okay, if you want to go there and "invalidate" anything I say because I have not been there, feel free. I am looking forward to hearing only from people who have been in China on this thread! Have you been in China @nsx5200 and if no, can you stop posting and let people comment who have been in China the last 5 years? Thanks!

This is what Steve Keens means with "the eu is destined for collapse" Once there is more strategic autonomy, EU investments can also look a lot better depending on the local government. But its also important to say that key is strategic investments via debt, there are many right wingers that don't want that so its not a straightforward political choice.

Yep, the Union is weak and rightfully so. It was a huge mistake to give up the control of countries currencies to the ECB while the member states all have different goals, development and standards of living. You either abolish individual member states and have a United States of Europe with some drastic reevaluation of assets and wages for one time or you cancel the EU and similarly strong member states agree on treaties for freedom of movement, easier customs etc. The maastricht treaty forbids certain debt levels while, as draghi said, we need to go into debt to keep up. So I see this only play out in one way: Europe falls further behind next to China and the US and the falling living standards will move voters to EU-critics which leave the union in the end. Steve Keen (economics-professor) voted for the brexit when he lived there because of these exact problems but he regrets it because the eu has to fall altogether and not only UK leaving the EU while the rest stays. Once you leave the European union you have full control over your currency and can act way more strategic with public investments, nurturing tech zones etc just like China and the US do. Right now you only have stagnation and political turmoil whose fault it was that the situation is so bad. The political right uses this turmoil very well and they also have the correct position on the state of the Union in my opinion. "Keen was in favour of the UK leaving the European Union, stating mainstream economists were over-certain and exaggerating the likely effects following the country's withdrawal. Keen regards the open-borders free-movement policy of the EU as precipitate and unsustainable in the absence of a common fiscal policy; all the more so, given how migrants impose burdens on public services in destination countries also experiencing austerity. He also states the Euro is destined to fail, not least because of the way it penalises recession-hit countries unable to pursue expansive fiscal policy, and indeed considers the whole EU project as a failed one destined for collapse." https://en.wikipedia.org/wiki/Steve_Keen

https://www.politico.eu/article/mario-draghi-report-says-eu-must-spend-twice-as-much-after-wwii/ Europe must invest twice as much as it did rebuilding after World War II, allow more tech and telecoms companies to merge and take drastic measures on defense spending, Mario Draghi said. Europe needed to invest an additional €800 billion a year to drag itself out of a trough of low productivity and feeble growth that's pushing it behind the United States and China in the international pecking order. He called it an "existential challenge." At the heart of Draghi's report is a demand for a massive private and public investment, the like of which has not been seen in Europe since the 1960s and 1970s. It would add up approximately to an additional €800 billion per year. "The Chinese now could probably export [high-speed] trains to Europe," Draghi said, signaling how far and fast Europe was falling behind. The EU will not be able to secure enough copper, lithium and other raw materials if it does not emulate China's powerful mining-to-shipping vertical integration, Draghi implied in his recommendations on finding the metals needed for the digital and energy transitions: "Europe needs coordinated strategy covering the entire value chain, from raw materials to final products." EU should focus funding on developing a limited number of “world-class innovation hubs” focused on advanced therapies based on genes, cells or tissue engineering.

Thanks for sharing your limited view!

Investors like @Dinar and their gross misrepresentations of China are the reason why the opportunity in China exists and I am glad for that because its nothing but a gross misrepresentation.

They are mainly coming from lower tier cities and poor country side which the government actively tries to tackle to raise living standards there.

So while the west lives in total denial, politics live in total denial and try to find who is guilty for the misery of their economies (true for trump in the US, true for the right wingers in france, netherlands, germany etc), China is increasingly getting ahead while being safer, cleaner, cheaper...while having access to cheap energy and ressources...by regulating their markets so competition achieves the resulting development and superior products...just wait!

Now you can come up with the same soap opera of "can we trust their numbers" "can we trust the VIE" "wont Xi just steal the money of the companies" "but they have communism right?"... Just have a walk through whats possible in that country:

In diplomacy broadly, Xi himself is also leading from the front. He is the most traveled PRC leader ever, and he has welcomed the most foreign visitors to Beijing, at a greater frequency than any predecessor. He has invested more money in diplomatic outreach. The foreign affairs budget has increased; there are more Chinese embassies and consulates around the world than before. It flows from Xi’s core political agenda. Xi probably wants to be remembered as someone who restored China to its rightful place in the world, whatever that might mean in terms of concrete achievements. The general vibe—and he has already delivered on this part—is a China that gets global attention, a China that is recognized by governments around the world as an important political and economic power, and that is dealt with as such. You could even spin the perceived negatives of “wolf warrior” diplomacy as positives, because if the West is taking China seriously, then you know China is strong, because China is seen as a threat. There is a saying that Mao Zedong achieved jianguo [建国, founding the new Chinese republic], Deng Xiaoping fuguo [富国, enriching China], and Xi has presided over qiangguo [强国, strengthening China]. If we say Xi’s objectives are for China to be economically powerful, militarily powerful, internationally respected, you can argue he’s done much of these three elements, especially the last two. From the article I linked one page ago. China's current trajectory, in my opinion, is a lot better than Europe or the US, from an economic perspective, an inner political perspective, from a foreign political perspective...just extrapolate the technological development the last 15 years another 15 years into the future, they are growing significantly more than G7 and they actually have competitive manufacturing which is non-existent elsewhere which is why nobody can survive without tariffs anymore. They also, as can be seen via BRICS, have a large part of the global south supportive of them. Where are all the important resources? Not in Europe...a little bit in the US...a lot in SA and Africa...who is heaving the strongest diplomatic outreach and investments over there...? Contrary to all the permanent FUD in western media, the bull train China chuggs along steadily...very very long.

LOL