Comments by "" (@badluck5647) on "Is CHINA becoming the next global FINANCIAL HUB? - VisualPolitik EN" video.

  1. It would be crazy to trust your money to Chinese stocks until they make their finances more visible and the government stops interfering.
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  2. India has all the resources to past China, but they spend all their resources on red tape, subsidies, and protectionism instead of infrastructure, education, and health care.
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  3.  @papabear90  People were winning with Enron stocks until they weren't. Chinese transparency laws are so poor that investing is incredibly risky because there are dozens of Chinese Enrons are out there. The Alibaba Group was winning until the CCP cracked down on them for outperforming the state. Chinese authoritarianism and corruption makes investing in the Chinese market very risky. In addition to the risk, the Chinese underperforms compared to the rest of the Chinese economy. This is likely due to state ownership making companies spend money on things that benefit the CCP instead of investing in things that make the company more profitable.
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  4.  @NajwaLaylah  The didn't interfere with the Hong Kong stock market....until they did.
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  5.  David Tao  It quite the coincidence that this "necessary" regulation occurred after Jack Ma spoke against the communists in power. I'm sure Ma's disappearance is also a necessary regulation too. If the communists were concerned about a debt crisis, then they would stop the excess debt collected by state owned companies. The "necessary" financial regulation is all a pretext to crack down on opposition of all forms.
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  6.  David Tao  Russian shock therapy? Russia made a transition to free market too quickly. China is back tracking on transitions to a free market. You are comparing Apples to Oranges.
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  7.  David Tao  They cracked down on Ant, because it's innovations let it outperform the state banks to massive success. The CCP is uncomfortable with an institution outside their control having so much power, so they made Jack Ma disappear and they used government regulation to make the company less competitive. Why invest in market where the government attack the business for being too successful?
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  8.  David Tao  China's economy grew through free market reform, a large population, and intellectual property theft. Also, the GDP growth numbers shared with the world are false numbers created by corrupt CCP officials. China is backtracking by putting more of the economy in the hands of state owned enterprises. These state companies are inefficient and only stay afloat through debt trap diplomacy, intellectual property theft, and subsidies paid for by the more successful public economy. The Chinese economist know what will be best for the economy. However, they have been making decisions that will hurt economic growth in exchange for more power in the party's hands.
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  9.  David Tao  I stand by my point about the lack of transparency, government interference, and poor rule of law make investing in the Chinese stock market very risky -- especially considering that companies allowed on the Chinese stock exchanges tend to perform poorly compared to the rest of the Chinese economy.
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  10.  David Tao  Good luck. I hope it turns out well for you.
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