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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