Comments by "Peter Jacobsen" (@pjacobsen1000) on "Bloomberg Television" channel.

  1. "The largest developing country, China, and the largest developed country, United States". Chinese leaders have been saying this phrase for decades, but you can't really say that anymore. Now India is the largest developing country, and China is the second largest developing country.
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  2. Having lived in China for most of its high-growth period (since the mid-90s), it is almost unreal to hear an Indian analyst giving both a positive and negative assessment of the economy. In China, only positive news will be promoted, the negative has always been swept under the rug: "Hush, hush, don't air our dirty laundry in public".
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  3. I'm in Shanghai, it's early afternoon. It really got going around 9-10AM and we're seeing quite heavy rain. Lot of wind, a few trees have fallen in my community, but no major damage.
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  4.  @DC-qn4wz  Yes, I remember when China was like that. It's only 25-30 years ago.
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  5. That is an oddly profound philosophical statement. After all, everybody and every generation live through major historical events, it has never ended and never will.
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  6.  @DC-qn4wz  That point makes no sense. What was China doing when Taiwan developed? What was China doing when Korea developed? What was China doing when Japan developed? Every country develops at different times. China is before India and many, many other countries, and there are many other countries that developed before China.
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  7. Currently, only 1.5% of Apple's global sales are in India, compared to 20% from China, but I think that will change rapidly over the next 10 years, perhaps bringing India sales up to 6-8%, or even higher. Once you have a sizeable middle class, they will rush out to get their iPhones.
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  8. The victim was 17, not 7. The five arrested include three Japanese, one Filipino, and one Brazilian. The victim was ethnic Chinese, not a Chinese citizen. His name was Ukawa Saito. It appears they were all students at the same school. Considering the nationalities of both the victim and the assailants, it seems unlikely the reason was hatred of China.
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  9. Another fanboy who cannot take criticism of his idol. Your political leaders aren't Taylor Swift. Criticism is good, because it helps you to improve yourself. If you only get praise, you cannot know how to improve, because everybody tells you you're already perfect.
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  10. The victim was 17, not 7. The five arrested include three Japanese, one Filipino, and one Brazilian. The victim was ethnic Chinese, not a Chinese citizen. His name was Ukawa Saito. It appears they were all students at the same school. Considering the nationalities of both the victim and the assailants, it seems unlikely the reason was hatred of China.
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  11. "We did not resort to massive stimulus". I guess that's a matter of opinion. China's central government told local governments, through the year, to issue around $500 billion in bonds and spend the proceeds on infrastructure. Maybe $500 billion is not massive, but its not peanuts, either.
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  12. I think that's the case with tourists everywhere: You want their money, but not their clueless behavior. There's certainly no shortage of Europeans who roll their eyes at American tourists, but we are still happy to get them.
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  13. Apparently, she refers to herself as 'working class' because she once worked at a waiter in a bar. By that standard, I think we're all working class.
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  14. I like how she pronounced Caixin as 'Ka-shing'...
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  15. The victim was 17, not 7. The five arrested include three Japanese, one Filipino, and one Brazilian. The victim was ethnic Chinese, not a Chinese citizen. His name was Ukawa Saito. It appears they were all students at the same school. Considering the nationalities of both the victim and the assailants, it seems unlikely the reason was hatred of China.
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  16. So 5% for the whole year seems like a very attainable goal. And what will the target be for next year? 4.0%? 4.5%? 5.0% again? Even higher?
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  17. Nice to see Rebecca Choong Wilkins back.
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  18.  @SanjayKumar-fb5xz  Even so, such an opinion would not be allowed on Chinese TV. It's very refreshing and you should be happy it is allowed in India. It shows that fundamentally, you're a better country than China.
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  19. China has been doing this for a long time now, and has the most solar PV parks of any country. It's a good thing for them and for the entire planet. Especially good for countries that are energy insecure and who can bring the energy resource inside their own borders.
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  20. I don't think this is surprising at all. Shanghai is like NYC or Paris: There will always be a huge number of people who want nothing more than to be able to live in these cities. Even when the rest of the housing market is crashing, these metropolitan markets don't budge. During the sub prime mortgage crisis in the US in 2008, apartments in Manhattan kept their price. These big cities will be the last to fall.
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  21. Hmm, do you think that's why there are so few western tourists in China now? The way China talks about the west? Maybe you have a point.
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  22.  @DC-qn4wz  India may not develop as fast as China, and of course, no one can really know how India will develop in the future. But I think it will see an average of 6-7% growth annually over the next 15-20 years. Clearly, you disagree. Time will tell.
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  23. fuled? Fueled? Fooled?
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  24.  @ZweiZwolf  Indians seems to be doing quite well in the US. On average, they have higher incomes than Chinese Americans, and you see lots of them at the top of the world's biggest corporations: Google, Microsoft, IBM, Adobe, Micron, Mastercard, Pepsico, and others. So I don't think Indian students/immigrants are a negative for the US.
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  25. "If I can't make more money by working harder, why should I work hard at all"?
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  26. Well, a quick calculation shows that 225 solar farms, each able to provide electricity to 1.1 million homes, means enough electricity generation to power a total of 248 million homes = approximately 750 million people or about 60% percent of the population.
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  27.  @ryanwalters6184  Thanks, I feel pretty safe, but I didn't go to the office.
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  28. The lady at 8:55 is wearing a thin plastic screen, but she appears to think that she is speaking from behind a thick wall.
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  29. Assuming this interview is very recent: "Ukraine will be ground to dust". That is Bolton's prediction right now on April 28/29. As the Zen master said: "We'll see...."
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  30.  @DC-qn4wz  You don't think economic and political ideas in China from 1949 to 1978 had anything to do with it?
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  31.  @badbad-cat  Are Indian phones better than Apple phones? After all, you refer to Apple phones as iJunk. In what way are Indian phones better?
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  32. Depends partly on the total size of these economies. If they are each 3 billion, then one of them is in serious trouble and the other is swimming in money. If they are both 30 trillion economies, then none of them would hurt much (because 3 billion*365 days is only 3.7% of each economy). Another aspect is that China invests most of its trade surplus in the US (or did until recently), thereby helping the US economy grow. The world outside the US invests around $5 Trillion in the US every year. The world outside China invests around $250 Billion in China every year.
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  33. @Yourbrother05 I'm real, and I will give criticism when I feel it is deserved, and praise when I feel that is deserved. I am against trolling, which I see as non-constructive.
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  34. China's central government debt is now at $16 trillion, plus local government debt at $12 trillion, totaling $28 trillion. This does not include the debt held by State Owned Enterprises, which lies at around $11 trillion. If we include that, we end up at $39 trillion. However, China has the benefit of being a centrally controlled financial system, so debt can be cancelled, or money can be moved around, or be issued, for a long, long time. It's not good, but it's not a disaster, either.
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  35. "Starbucks business model is really easy to copy". But no one has copied it anywhere, as far as I know. There are lots of coffee chains, not just in China, but no one has been able to create the image that Starbuck's has. Starbuck's isn't about the coffee. If it was, every coffee shop would be equally successful. It's a little like McDonald's: It seems like it's so simple to make a mediocre hamburger, but McDonald's is about so much more than that.
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  36.  @karthikeyanm.v8381  Thank you. It's basically over now, 4:45PM. Pretty quiet, low winds, only light rain.
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  37. The thumbnail couldn't be from 2014 because the tall building you see in the middle, CITIC Tower, was not completed until 2018. Additionally, the Beijing Air Quality Index for the last two days has been hovering around 180, denoting 'unhealthy'.
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  38.  @zacksmith5963  "67% in china". 67% of what is in China?
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  39. Bring child labor back and having children will become profitable. Not sure what children are able to do though. They used to deliver newspapers, but nobody reads newspapers anymore.
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  40.  @ZweiZwolf  China still has a net population outflow, to the tune of 300,000 per year. That is down from the 500,000/year we used to see before 2015, but still a fair amount. As for students, there is more demand than there are spots in US universities. The reduction in Chinese students has been made up for by an increase in students from India.
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  41. "Chips shouldn't be an exclusive weapon holding in only 1 country." It isn't, and never has been. There are a multitude of countries involved in making chips. In fact, there is no single country that can make them all on its own (except for the really low end chips).
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  42. During that period, the law stated that people have the freedom to protest, and march in the streets. Doesn't matter what they are protesting, doesn't matter what slogans they yell, doesn't matter what signs they hold up. The law gave them the freedom to express their opposition to the National Security Law. But now that the National Security Law has been ratified, they no longer have those freedoms.
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  43.  @canto_v12  I don't know about 'most countries', but in most western and other developed countries, hate speech tends to be free speech. It is a common misunderstanding that 'hate speech' is punished by law in the west. Hate speech is generally considered protected speech. It is true that there a limitations in speech, the question is how broad these limitations are. For example, it may seem reasonable to limit 'incitement to violence', but only if the term 'incitement' is very clearly defined with clear limits. To say "I hope xyz-organisation is overthrown" is perfectly legal in democratic countries. Anyway, let's go back to HK. Before 1997, HK was perhaps the most free region in all of Asia when it came to speech. You could critique and protest against colonial British rule, against the governor, against the police, against the government of Britain or HK. These activities were all protected. People did not need prior permission to march in the streets, though there were rules against stopping or disrupting traffic or normal business. The National Security Law makes it a crime to 'incite hatred against the Central Government or the HK government'. There has never been such a law in HK before, and such a law does not exist in any democratic/western/developed country. But laws like this are common in authoritarian countries. You like this law, and you have to live with it. Good luck.
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  44.  @JCarterme3531  "Freedom of expression include arson and destroying people's ancestor tombs". It does not, and those crimes should be prosecuted, but it should not lead to an end to the freedom of expression. It is not speech that were the cause of those crimes, but people's criminal behavior. Words did not set fire to buildings, and words did not destroy the tombs.
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  45. A low Yuan is good for foreign tourists. Good for exporters.
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  46.  @gringadoor5385  It's business news. They do business in Asia, too. A lot of it, actually, thus the need to have a Hong Kong studio. Also, the time difference means you can talk about US stocks during the US daytime from the NYC studio, and then when the US stock market closes, you can shift to the Asian studio and talk about the Asian market to keep your coverage relevant 24/7. It all makes perfect sense to me.
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  47.  @sleepymeow7156  "what you said has nothing to do with my comments". You used the term 'plutocracy'. That means 'a government of the rich'. That is why I bring up the wealth of government officials. While a huge number of officials have beem removed and punished under China's current leadership, there is no indication that any of the new leaders are less corrupt than those who were removed. After all, the anti-corruption campaign continues year after year, and no matter who gets promoted, they end up getting caught up in some scandal (until they reach the top level where they are protected from punishment).
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  48. China's imports of pork have been on the decrease for several years, now, so big tariffs help to decrease imports even more. For the EU, a total stop to imports of European pork will mean a reduction of 5% of total pork production. It probably won't be a total stop, though.
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  49. 8 million tons of LNG (over a 3 week period) is approximately 0.005% of EU annual consumption. More tankers, please!
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  50. Strange thing for Kissinger to say, as it makes no sense at all. USAs best friends are all prosperous, independent, safe, successful countries.
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  51. You seem to be confusing the US with South Africa, or Brazil, or Cuba. Those places are dilapidated and poverty stricken.
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  52. That imprint looks more like a 巾 to me.
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  53. That's quite a long screed.
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  54. I'm a little skeptical about this. She didn't mention expenditures, she didn't mention growth. Instead, her focus seemed to be on how more money can be given to the disadvantaged. That is very nice, very kind, but is it good economics?
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  55. I had an Impossible Whopper at Burger King. I did not like it and I wouldn't choose one again. I've had some great veggie burgers/sandwiches in my time, but none of them pretended to taste like meat.
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  56.  @partricklin9749  Google the name of the victim 'Ukawa Saito' to see for yourself.
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  57. I think he means "what is achievable with the current equipment". SMIC has 28nm machines, which can be tweaked to make 7nm chips, but at somewhat lower yield.
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  58.  @youarebeingtrolled6954  Well, we're talking about the US, not my country. There are not many Indian students in my country. So wishing me luck doesn't really make sense.
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  59. China's Central Bank to foreign investors: "Baby, how am I supposed to live without you? Now that I've been loving you so long How am I supposed to live without you And how am I supposed to carry on?"
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  60. I think this temple is destined to become very popular, so that should mean lots of great street food along the road leading to it. In that case, I might visit one day.
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  61.  @blokin5039  They used part of it to pay off debts, but it was supposed to fuel investment in infrastructure (which includes techy projects).
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  62.  @JCarterme3531  "A saw arson during every night of the protest". Arson is illegal and should be prosecuted. Still not a reason to limit freedom of expression. These crimes you and others mention were already illegal before the National Security Law. That new law is designed to prevent speech that the government doesn't like. You express your opinion freely here. Isn't that a freedom you want to protect?
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  63.  @JCarterme3531  "I have had enough of their free expression". Their? Now, all HK people's free expression has been taken away, including yours. You asked for it, now you have to live with it, forever. Congratulations.
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  64.  alon3369  Well, if I have to be offended, I am offended by the original poster saying "Bloomberg has shown its true colour by inviting such leftist on show", because it reveals the poster's belief that a news media should only have one political stance, that there IS only one correct opinion, and that allowing opposing opinions is somehow in bad taste. I guess that's not offensive, but it is highly annoying and frankly, contemptible.
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  65.  @JasonYu35  Well, for decades it meant 'biggest population'. By some standards you could call Russia the world's biggest developing economy by land area. After all, Russia's GDP/capita is lower than China's.
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  66.  @EmilyRouge  How do you define the difference between a developing and a developed country?
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  67.  @Crom21  "President Xi did mention India has overtaken". Thanks, I'm not saying that China is denying that India is now a bigger country.
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  68. Yeah, those numbers don't seem to add up. Take a Toyota Corolla as an example: It goes around 33 mpg, or 9 gallons for 300 miles. This would mean that a motorized lawn mower uses 9 gallons in one hour. Imagine the size of the fuel tank on the lawn mower if that were the case. Plus the weight: 9 gallons weighs around 80 pounds.
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  69. Doesn't matter that he's French. He is a buyer and a producer of chocolate and therefore one link in the value chain. Speaking to the cocoa farmers will also be good, but not all Africans are cocoa farmers. They could just as well interview a cocoa farmer from Ecuador, which grows 9% of the world's cocoa.
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  70. What an amazing speech: -Russia's 'internal affairs' include Ukraine. -The West attacked Russia through Ukraine. -Russia, by implication, is not 'colonialist', despite it actively trying to invade and/or control Georgia, Ukraine, Belarus, and the -stans. -'Saying what you want' is considered a great danger to Russia.
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  71. If I were China and I saw my wallet get fatter and fatter, while my customers' wallets get thinner and thinner, I would be very happy, and I would also tell the world: "Decoupling is bad for everyone. Don't stop buying my products, don't move production out of my country. Let's continue the way we're doing things now. I love all this money I'm making".
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  72. @Yourbrother05 Mostly, though, I try to write comments that I hope are a little illuminating for people, not just emotional outbursts.
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  73.  @Moore88745  Fair point, but she lived through the Korean War, the Moon landing, the Cold War, the Cuban missile crisis, the Biafra Civil War and famine, the Vietnam War, the Chinese Cultural Revolution and later Reform and Opening, the Hip Hop 'revolution', the crack epidemic and urban blight, the Ethiopian famine and Live Aid in the 80s, The end of the Soviet Union, the fall of the Berlin Wall. Maybe she just forgot about all those events.
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  74.  @danielhutchinson6604  "They have potential manufacturing infrastructure". That's true, but not really related to debt which is a fiscal issue, not a production issue. "they are members of BRICS, who seem to have Associates who own 75% of available resources." You don't have to be a member of BRICS to buy those resources. BRICS members will happily sell those resources for a good price. You also don't have to be an EU member to buy things from the EU.
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  75. As if Chinese high-level govt. officials don't have huge amounts of money stashed away.
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  76. That guy has a thick Swedish accent.
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  77. Because inflation is very low. And inflation is very low because manufacturers produce more than they can sell, so they have to keep prices very low. Public employees have had their bonuses cut, meaning less spending power. Reduction in investment, reduction in loans, increase in savings. All these are contributing factors in keeping inflation very low.
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  78.  @ZweiZwolf  I've had HarmonyOS on my phone for several years now. They auto-updated from the original Android. I don't like it, and I'm going back to a phone that uses Android.
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  79.  @George-rj4fj  Even Deng Xiaoping said the same thing on his return to China after his first visit to the US: "Look around the world. Every country that makes friends with the US becomes rich".
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  80.  @George-rj4fj  "Dream on." No need to dream, we're already rich. The dream came true.
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  81. What, the federal government taking over debt from states? That would be highly unusual.
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  82. I love a good lecture. There is so much to be learned.
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  83.  @jokeychin  Depends what the talk is about. However, there is plenty of US investment in Africa. In 2023, US investment in Africa reached $56 billion.
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  84.  @taz09216  I didn't mention aid, but investment. Much of that investment is also with local partners in various African countries.
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  85.  @lvjinbin28  "US military bases built too". Yes, but that doesn't count as investment. That comes out of the defense budget.
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  86.  @happymelon7129  "China is so humble". If you're so humble, why do you feel the need to point out this hospital gift? That's not humble, that's 吹牛.
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  87.  @happymelon7129  Singapore, then. But simultaneously pointing out 'being humble' and also boasting about the hospital gift is just a contradiction. You can have one or the other, but not both.
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  88.  @Sebastian0729  I'm very happy that Africa sees more foreign investment. And it comes from China, Europe, and the US, mostly. That's wonderful for Africa's future development.
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  89. In a clip like this, with this headline, would it be too much to ask that you actually mention what the inflation rate fell to, or even better, where it was before and where it is now. There was no mention of any of this in the clip.
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  90. Ok, so you don't want them to report on negative economic news about China. How about positive economic news? Should they also not report on that? Perhaps no news about China at all?
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  91. "CXAI Up 7 %". Haha, for a stock that IPOed at $10 two and a half years ago and is now trading at $1.70 that's not very impressive. In fact, it is still lower than at any time before Sep. 18.
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  92. She's very cute
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  93. "did Japan add 1/4 of India's entire 2022 economy in a single year?" What's that supposed to tell you? In 1986, Japan added 2 times China's entire economy to its GDP in a single year, and the year after, Japan added another 1.3 times China's economy to its GDP. It didn't tell you anything about what the future would hold. You can't use today's GDP numbers to predict the future. And what's wrong with showing people building lanterns instead of EVs? Should those images be banned? Why? And then this stupidity about 'filters'. Here in Shanghai that's often what it looks like. Overcast weather is common in China, creating a grey look. It's just what the climate is like here. Stop crying!
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  94. What a terrible "accident".
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  95. 1,035 million bushels of soybean is not the same as 1,035 million metric tons of soybean. 1,035 million bushels of soybean = 28 million metric tons.
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  96. I hope they're not planning to have this guy take over from Rebecca Choong Wilkins. There's a qualitative difference.
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  97. I don't think the video mentioned that the damage is limited to ICBCs 'US Markets division', so not the entire bank.
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  98. He sounds like a guy who has a LOT of money invested in China and he desperately doesn't want to lose it.
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  99. This thread: Chinese people talking amongst themselves.
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  100.  @partricklin9749  "he is 7, not 17, also all of 5 are japanese". Ok, people can just google the victim's name 'Ukawa Saito' and news stories will pop up with the correct date, place, people involved.
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  101.  @DucaTech  I agree, but I have been here for a long time. People in the west have seen the negative comments from Chinese government officials about the west. It doesn't bother me, because I live here, but it does bother them.
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  102.  @yechen586  You may not be complaining, but I'm sure hotels, restaurants, bus companies would like to see the number of tourists go up, including western tourists. They welcome everybody, it means more business.
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  103.  @yunjuyishi  Chinese hotels welcomed western tourists before, they will welcome them again, language fluency or not.
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  104.  @yunjuyishi  And of course Chinese tourists are welcomed in the west. Many of the better hotels and shops have Chinese speaking staff to help the guests, because many Chinese tourists also can't speak English. This is normal. People nowadays travel all over the world, and we can't expect them to learn every language.
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  105.  @DccAnh  "the lack of western tourist affect no one." That's true in economic terms, and this has been the case since domestic tourism really took off in 1999. However, the question is what other effects the meeting of different cultures have. Sure, you can choose to be isolationist, and China has done this many times in history, but it always seems to end badly. Tang Dynasty was open, Song Dynasty closed down. Ming started more open, but quickly closed down, Qing started closed, then was forced open by foreign countries, then China closed down in 1949, before opening again in 1978. We all know the effects.
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  106.  @DccAnh  "tourists doesn’t bring knowledge nor technology, only money." And cultural exchange, exchange of ideas, values, habits, interests, etc. All these are also important.
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  107.  @DccAnh  "China is in no way isolationist". I'm thinking in terms of people-to-people exchange. Making friends, talking about our different cultures. These are wonderful things, in my opinion.
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  108.  @DccAnh  So does that mean you are in favor of a more insular Chinese culture? Fewer tourists, fewer foreign visitors of other kinds (business people, academics, sports people, performers, etc)?
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  109.  @DccAnh  Ok, you've made your view on international cultural exchange very clear. Perhaps your view will become more common in China and China will again slide into self-imposed isolation for hundreds of years, after just 40-50 years of openness.
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  110.  @danielhutchinson6604  Ok, so was it also the G7 countries that reduced China's air pollution significantly over the last 15 years? You can choose one, not both.
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  111.  @talesofcanterbury42  I know the studio is in HK, but the thumbnail is a view of Beijing.
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  112.  @talesofcanterbury42  You can see the thumbnail clearly in this reply section. Try to do a quick search for 'beijing skyline' and this very distinctive skyscraper will certainly come up. It is Beijing's tallest building, called CITIC Tower. Note that the original comment did not question the location of the HK studio or the backdrop of the studio. The comment is purely about the thumbnail, and that thumbnail is an image of Beijing's skyline.
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  113.  @wallacekatini3424  Interesting, my eyes have no filters and I sometimes see the same.
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  114.  @wallacekatini3424  People have been using this 'filter excuse' for many years now. There's no filter, just the sad reality.
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  115.  @AgainstLife1000  What do you mean?
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  116.  @zjz19900621  A 75% yield using a 28nm machine to make 7nm chips? I don't know where you got those numbers from, but if it's true, it would a major achievement.
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  117. Is there even such a thing as a 'fake accent'? There are millions of accents, none are more real or fake than others.
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  118.  @知-k3q  Yes, there's no doubt Chinese Americans are also doing very well in America. My comment was in reply to the person who implied that Indian students/immigrants were 'second tier' and another who implied that Indian immigrants were somehow a problem. The data clearly shows that Indian immigrants are performing very well in America, and I think most western countries would benefit from having even more Chinese and Indian immigrants.
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  119.  @obj6989  Yes, opportunities for the best and brightest have been very favorable in recent years, especially in tech. Do you think that is going to continue? All sorts of companies are reporting difficulties ahead: Tencent, Alibaba, JD, Baidu and many others. ByteDance (Douyin) seems to be doing very well. It's hard to know the real labor situation here, because the government has issued a directive that the media should not report negative economic news, so that leaves us in the dark.
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  120.  @happymelon7129  Strange. I looked it up, but I cannot find any news about this incident. Where did you read this?
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  121.  @happymelon7129  Oh, I found a story about it. However, you don't need to provide me with those types of stories. I'm not too interested in crime news stories, and especially not in some far-flung country.
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  122.  @tomsuh1362  "enriching a country industry". I never said that, must be something you're pulling out of your behind.
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  123. But if it's true, you won't be.
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  124. Ah yes, the wild theories are already bubbling in your mind. What else can you come up with? WW3? UN will enslave American citizens? The military industrial complex will ration gasoline and beans? The options are limitless!
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  125.  @creative_cooper  Not really. Without Germany, Netherlands, Japan and others, you simply couldn't make the best chips we know today. America certainly couldn't.
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  126.  @creative_cooper  That's exactly why no one wants China to get control of the whole supply chain. And it's one of the reasons for the restrictions we see now.
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  127. Wheat? I prefer a nice baguette.
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  128. Exactly my thoughts. But it's always easy to speculate.
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  129.  @capricorn839  Will? When? You think he will be elected a second time?
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  130.  @ricomajestic  I want to weigh in on this comment: During Trump's time in office, USA provided military aid to Ukraine worth $1.2 Billion. This aid was provided specifically at that administration's direction. We can only speculate whether military aid under a hypothetical Trump presidency would have continued after the Russian invasion, but based on the decisions already made by the administration, I think a logical case can be made that military aid would have continued and increased.
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  131. It's not reporting, it's one person's view.
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  132. They ask Allah for help, and he will send his angels to fight on their side. (or something)
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  133. I like Rebecca Choong Wilkins. I think her accent comes from top-end British universities. It's a bit similar to the accent you hear in Harry Potter.
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  134. And, of course, she also wears Harry Potter glasses.
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  135. You mean like Silicon Valley Bank that went under earlier this year? This channel has over 70 videos about that very event.
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  136.  @canto_v12  I'm just going to quote the ACLU (American Civil Liberties Union): Do I need a permit? -You don’t need a permit to march in the streets or on sidewalks, as long as marchers don’t obstruct car or pedestrian traffic. If you don’t have a permit, police officers can ask you to move to the side of a street or sidewalk to let others pass or for safety reasons. -Certain types of events may require permits. These include a march or parade that requires blocking traffic or street closure; a large rally requiring the use of sound amplifying devices; or a rally over a certain size at most parks or plazas. While certain permit procedures require submitting an application well in advance of the planned event, police can’t use those procedures to prevent a protest in response to breaking news events. -Restrictions on the route of a march or sound equipment might violate the First Amendment if they are unnecessary for traffic control or public safety, or if they interfere significantly with effective communication to the intended audience. -A permit cannot be denied because the event is controversial or will express unpopular views. You live in the US where you enjoy all sorts of freedoms, but you are quite happy to deny those same freedoms to the people of HK, just because it 'seems necessary' to you from afar. HK worked very well with these freedoms, and now they're being strangled, newspapers closed, people imprisoned, just for speaking their mind.
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  137. Not that it should matter, though apparently it matters to you. Of the people featured in this segment: Nick Clegg, WTO Director Ngozi Okonjo-Iweala, JPMorgan CEO of Asset and Wealth Management Mary Erdoes & US Trade Representative Katherine Tai, not one is jewish. Not one. I think they are mostly christian or not religious.
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  138.  @jackcaffrey8493  Yes, she is, but she wasn't really featured, except in background footage. In any case, I understand some people think Jews are trying to take over the world, but it is not a view I share or really care about. To me, it is a view held by people who feel powerless, and who feel the powerful are deliberately holding them down. It's a sad mental state to be in, because it will never bring them out of their helplessness.
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  139. How would you define 'big time'? 7% growth? 9%?
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  140. In terms of energy use, yes. A standard gas car (I used a Toyota Camry as an example, and gas price $3.5/gallon) will cost around $ 0.09/mile Electric car (I used Tesla Model 3 as an example, and electricity price $0.155/kWh) will cost around $ 0.05/mile. If you drive 25,000 miles/year, you will save $1,000/year in energy cost. This all depends where you live and what car you own, but EVs will invariably be cheaper to run.
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  141. China's most advanced lithography machines are made by Shanghai Micro Electronics Equipment (SMEE). Their top machine can print 96nm, a far cry from 7nm. SMEE has promised 28nm by year's end, but we have yet to see even a prototype.
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  142.  @elc6895  I don't know why SMEE told the world they would be ready with a 28nm machine by year end. I guess it helps their stock price.
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  143.  @elc6895  Ok, so first you say they don't announce because there's a bully trying to stop them. Then you say they DO announce in order to 'deal with' that very bully. So regardless of whether they make an announcement or not, it is still a victory over the bully. It sounds exactly like 阿Q
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  144. My parents bought an electric lawn mower about ten years ago. Sometimes they can mow the (smallish) lawn with one charged battery, sometimes they have to change half way through. They always have charged batteries ready. The mower is lighter and quieter and is a pleasure to use. I don't think they're going back.
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  145. @Yourbrother05 I'm using Taylor Swift as an example of a person whose fans idolize her so such a degree that they cannot accept any criticism of her.
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  146.  @kuldeepsharmaiist  "Bloomie is sad that India is growing". What's up with this pathetic, nationalistic whining? Your country is growing very fast, why are you still angry? Why are you so afraid of criticism? Are you not strong enough to just shrug it off? Be proud! Be confident in your country's abilities! Be a man!
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  147.  @kuldeepsharmaiist  I try to stay informed through a number of media, including Bloomberg and several Indian news sources (in English). I have only really started following Indian news in recent years, since we started to see the Indian economy moving ahead at a fast pace. In general, I take an interest in economic and development news from emerging economies. What happens politically in those countries is less interesting to me, as governments change quite often.
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  148.  @Usersskk  Again, your objection is purely because you dislike the view being presented. You simply cannot stomach hearing an opposing view. It's immature, and borderline authoritarian.
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  149.  @svanimation8969  What's the point of all those 'laughing emojis' you post? None of what you write is funny, it seems more angry.
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  150.  @Usersskk  But she didn't say everything is going wrong. She pointed out one aspect of the economy that should make us careful about predicting high growth going forward.
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  151.  @Usersskk  Again with these 'laughing emojis' at the end of an angry post. Seems to be two opposing emotions. Very confusing.
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  152.  @Usersskk  "you have proved that you are authoritarian mindset person". How is that? Feel free to present your 'proof'. Or are you just leveling an accusation at me?
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  153.  @Usersskk  More personal attacks, more laughing emojis. But no arguments, no contribution to the discussion. Very weak.
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  154.  @kooalabeats5388  I understand that, but you can expect that as India grows in wealth and importance, the amount of scrutiny will only increase. Just like how a wealthy industrialist will receive much more scrutiny than a street side vendor. That is how the world should, and does, work.
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  155.  @Nolan608  Thanks for that well reasoned comment.
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  156.  @EmilyRouge  In what way is Russia more developed than China? It's poorer, it's less technologically advanced.
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  157.  @cptrofl1343  "calling the US the largest developed Country is such a joke". So what is required to be a 'developed country', in your opinion?
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  158.  @sharuwanabdulla5344  "America is more like a developing 3rd world country". So how do you determine when a country is developed, and when it is developing? You must have your own standards.
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  159.  @clever34c  "第一或第二是很榮耀嗎". If it's not important, why would China keep mentioning it in every meeting with the US since the 1980s?
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  160.  @美军御用修脚师  That's true, but it's a kind of marketing language, just like 没有共产党就没有新中国. It's easy to say, and it doesn't really mean anything.
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  161.  @EmilyRouge  "by their infrastructure buildings and more technological advanced". Well, in that case, China is certainly a developed country. At the very least, more developed than Russia.
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  162.  @EmilyRouge  "uhm china has been inviting us to meetings in the 60s and more specified,Harry Kissiger (ik its not that exact spelling but yk who I mean) and recently he went to meet in china earlier this year" Why are you telling me something I already know? And what relevance does it have to this topic?
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  163.  @EmilyRouge  "he used to be a US ambassador". Even less related to the discussion of 'developed' versus 'developing', a discussion that could be had about any two countries, not just the US and China.
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  164.  @kelanzhi7269  MLGB
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  165.  @kelanzhi7269  This is quite funny, but do we have to continue? It very quickly gets boring. I'll give you the last word, if you want to throw one more at me. 😉
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  166. Nothing special here. This is the stance of all nuclear powers.
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  167. Not everybody wants them, but millions of people do, a number that is likely to rise to hundreds of millions by the end of this decade. There will always be a market for gas cars, though.
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  168. This is from Bloomberg's Hong Kong studio. It's no surprise most people there would be Asian.
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  169. This looks totally staged. Press cameras everywhere, no attempt at really taking the palace, just a calm conversation with the president at the entrance. No coup leader would be so gentle and show such deference toward the very president he is trying to depose.
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  170. You think electric lawn mowers can control your mind? In that case, stay away from kitchen appliances, most of which are also electric.
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  171. Race to the bottom. If I were Starbuck's, I wouldn't follow the rest. Stick to being a premium brand, but make sure people get a good experience for their money. People are happy to pay for good experiences. After all, people in China happily pay RMB 500 just to enter Shanghai Disney World.
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  172. 'Songs as an asset class'. It's actually a pretty good idea. Not an idea that would have worked in the 70s, but it works now. Real estate, equities, commodities, why not music? It has a revenue stream and you can trade it. That's less the case with 'fine art', which tends to be in someone's home, or for public viewing in a museum. Movies also have a revenue stream online, but they're rarely traded in bulk.
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  173. You think socialism would grow the tourist industry?
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  174.  @IamACanadian47  That's a noble dream, and also a very naïve dream. We can force equality for everyone, but the very next day people will start to develop in unequal ways: You put your money in the bank, I go out and eat a huge steak. Very soon, you will be much better off than me, and we're unequal again. Only took a few weeks.
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  175.  @ZweiZwolf  Back before China embraced free market capitalism in 1978, Chinese workers had neither money nor vacation time. They would get five days off when they got married so they could go on a honeymoon, but that was it. Chinese workers didn't start getting real vacation time until 1999, when the three 'Golden Weeks' became law.
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  176.  @ZweiZwolf  But you will agree that after 1978, China started a massive economic liberalization and let private citizens start their own businesses, which led to the greatest wealth increase in China's history. The entire hospitality industry is mostly private, social media and tech is mostly private, retail is mostly private, real estate is (or has been) mostly private, agriculture is partly private, with some state owned farms in the 中原, 西北 and 东北 regions. Light industry, incl. electronics, bicycles, electric bikes is mostly private, textiles, apparel and shoe industry is mostly private, tourism is partly private. Chinese socialism was tried from 1949-1978. You tell me if you think that was successful, or even better, ask your grandparents.
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  177.  @ZweiZwolf  Ok, fair point. China is socialist (even economically). And now, would you say China is turning toward more state control of the economy than before? Or do you think it is turning toward more private control?
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  178.  @balkanleopard9728  Ok, I happen to work in the tourist industry in China, and I live in China. Yes, there is more tourism than during Covid, but it is not even near the numbers we had in 2019. Not even close! So booming? That's really putting on the rosy glasses.
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  179.  @fengzhu4340  True, so it would also be wrong to use the term 'booming' about those countries. Perhaps we can agree to use the term 'recovering'?
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  180.  @fengzhu4340  If 91% is the correct number, then it is indeed a remarkable achievement. Let's hope the numbers continue to go up. (FYI, I work in the tourism industry in China, so I am biased in favor of that industry).
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  181. I think you misunderstand. Before was cooperation. The competition only begins now.
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  182. It has in a sense, just not in 1st tier cities.
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  183. What is Jesus Christ's macro economic philosophy?
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  184.  @johnsullivan8673  I'm not. These are very big numbers. The CNY 6 trillion China has just announced will go to cover local government debt over 5 years are only for imminent debt payment that will come due during that period. They are not nearly enough to cover all the local debt. They just give local governments a little breathing space. However, as I wrote earlier, this is not the end of the world. China has many financial instruments they can use to ensure stability.
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  185.  @sleepymeow7156  My point is that your system is no better at choosing leaders than a democratic system, which is what you claim. You claim that the Chinese system is meritocracy-based, because that is what the govt. tells you with online campaigns and little, cute cartoons. But it isn't. It is based in traditional Chinese culture where you rise by making connections to other powerful people, grant the right favors and give gifts to others to 'make friends', join the right organizations, say the right words as told to you by the Center and 'The Core of The Center'. Your political, economic and social ideas are irrelevant, because you never let them become known in public until you reach the top, so no one can know what your vision is before it's too late. Now, I have no doubt that you agree with whatever your leaders say, having no real opinion of your own, other than what you're being told.
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  186.  @ZincFold  "corrupt governments simply don't pull millions out of deep poverty.". China has pulled millions out of poverty, and it has punished tens of thousands of corrupt government officials, even some very, very, high level ones. So either you're wrong and some corrupt governments can indeed pull millions out of poverty, or you believe that all those officials were wrongly convicted. The US has also pulled millions out of poverty, and they have punished some corrupt officials, but there seems to be much fewer of them in the US.
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  187. Only 20 years ago, all internet video looked like this. Makes me feel so nostalgic.
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  188. It's not the announcement that is important, it's the actual investment. That has been going on in North America for decades, just not with a grand announcement.
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  189. There are a lot of comments about insider trading. I haven't really looked at this closely. Is there currently any publicly available evidence for this claim, or is it speculation? (Speculation, of course, being a favorite pastime among American voters).
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  190. No country wants to be ruled by Russia, that's the real issue.
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  191.  @MorphoAsian  I've heard it mentioned, so they must have mentioned it somewhere.
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  192.  @Enastv  "just set it to not auto update". Yes, but that's much too late now. Once it updated, I could never go back. I didn't expect them to delete Android just like that.
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