Comments by "HKim0072" (@HKim0072) on "China Observer" channel.

  1. It's funny. Richard Koo just did a Bloomberg podcast and quoted the numbers: West is 57% of Global GDP. Non-west countries: India, Africa, Russia, South America are 25% of GDP and have a per capita GDP of 13K USD. China is 18% of GDP and has the same per capita GDP of 13K USD. lol, definitely a terrible trade off.
    15
  2. If 1% of China's population is wealthy, that's 1.4M people.
    15
  3. 3:17 I'd rather stay at home. And, just go to empty local bar and get drunk since people are traveling. Going into a crowd like this would be torture.
    15
  4. Generally served a purpose in the past. Now, it’s just about saving face. No one is believing it, so it’s not helping to attract foreign investment.
    15
  5. Hated my macro Econ classes because it was so theoretical and hard to understand in real terms. Micro Econ was much more tangible and relatable. But, oh boy. CCP China is making it extremely tangible now.
    15
  6. Reminds me of the Conan segment with Secret Santa. As he was talking about not usually participating, “I give the gift of employment”.
    15
  7. Eat bitterness and enjoy.
    15
  8. Fairly or unfairly, I've had a negative opinion about Chinese people after living in SF. Not the ABCs since a few of my friends are Chinese. And, then you'd hear the stories of the Chinese tourists. Pushed HK down the list. And, now it's eliminated. No chance I'd ever step foot in CCP China or HK now.
    14
  9. I followed a dude that likes to cover US commercial real estate. He'd just randomly tweet out random mall properties. The US lower tier malls were struggling even before the pandemic. They were selling / foreclosed for rock bottom prices back in 2018-19. This trend was going to happen with or without the pandemic. The pandemic just sped up shopping patterns. The mixed used developments seem like a way better use of real estate. Asia does a lot of these already. This mall isn't one of them. Instead of the Little Pinks prank calling Japan about seawater, real nationalism would be to start a campaign about supporting local small businesses and not shop online at the big internet companies.
    14
  10. Inflation is bad. Deflation is worse. And then, you have the absolute worst: inflation on necessities and deflation on discretionary goods / services. Congrats CCP!
    14
  11. US housing price drop max’d out at -19%. But, the oversupply of 2.5M homes rapidly went to under supply by 2010-11. CCP China has years and years of oversupply.
    14
  12. Fun fact: Generally, US stocks go up on average volume days and go down on high volume days.
    14
  13. It's the same thing American workers did 20+ years ago. They trained their Chinese replacements.
    13
  14. So, basically you were making minimum wage. Min wage jobs aren't supposed to be long term jobs. Yes, it's terrible for people that get stuck in those jobs. Waiting tables / bartending are the best type of jobs to make decent money without having any technical skills. When I was making minimum wage, lunch and transportation would take nearly 2 hours of my work day.
    13
  15. lol, they should have just patiently waited for the piano and filmed at a different time. - wanted to film piano for some propaganda or commercial video - tried to expediate the process by interacting with him - got into a confusing image rights conversation - went over the top and tried to intimidate
    13
  16. lol, are there invisible jobs just sitting in rural areas that aren’t being filled? Edit: grammar
    13
  17. Someone should do the back story on Li Ka-shing's early exit from the Chinese market. Guy saw the writing on the wall.
    13
  18. Took me 4-5 months to find my first job out of college. Submitted a ton of resumes. Went to a few job fairs. But, the biggest difference was it was pretty easy to find temp work via an agency. The temp pay was around 75% of my the permanent job that I accepted. Was able to juggle going on interviews and working on temp assignments. It was terribly boring office work though. Thought I was going to die. Mostly accounts payable / receivable stuff. Working at the banquet office of a Hotel was way more interesting, but a totally dead end job.
    13
  19.  @Hellofa6ird  Dude. Dude! That's not diplomatic immunity. That's sovereign immunity. (what is wrong with the education system. what the heck.)
    13
  20. Top down can be effective if…there is actual analysis done. But, that ain’t Pooh Bear. He’s a genius in his own mind, but has a middle school education.
    12
  21. A couple of things: The term "nm" stands for nanometer, a tiny measurement that is one-billionth of a meter. It's tiny, and there was a time when process nodes were truly measured in actual nanometers. It usually defined the size of a transistor's gate length and metal half-pitch (half the distance between the beginning of one metal interconnect and the next on a chip), which were both the same size. That reality stopped in the 90s, however, and ever since then, the 'nm' measurement has been nothing more than a marketing term. Also... IBM crams 30 billion switches onto a chip the size of a fingernail. Using nanosheets, IBM has created transistors for a 5nm chip
    12
  22. 25% internet tax. Commercial real estate is way more important to the economy than couriers and small distribution centers.
    12
  23. umm, the B-21 Raider is still in development. It just went on its first test flight.
    12
  24. Many of these are from earlier in the year. It’s winter now. No one is in short sleeves outside in winter.
    12
  25. 16 ruble is like 15 cents USD.
    12
  26. Bonus system is good for private companies, but that's based on performance goals. Have zero clue how governments (civil servants) can have performance targets.
    12
  27.  @markdowse3572  Totally get it. You are saying don't start an unnecessary fire. I'm saying the fire has been burning for years.
    12
  28. To a degree, this is how the F-35 is produced. 9 different countries are involved and there are hundreds if not thousands of subcontractors.
    12
  29. There was a survey done a few years ago across advanced economic nations. Korea (ROK) had the worst opinion on China by far of all countries.
    12
  30. What happened to the dude that could make semis by hand and without machines?
    12
  31. Dude - the Chinese are going to fight themselves?
    12
  32. 7:08 Always amuses me that Pooh Bear allows price gouging that even capitalist countries frown upon during disaster times. Some official is getting a cut of the inflated prices.
    11
  33. 50-1 price to income ratios aren’t sustainable?
    11
  34. lol, that worked well in the Soviet Union. And, Mao's China. Amusingly, its the opposite. CCP China needs to privatize all their state assets and distribute the wealth to their citizens. Not just cash payments, but use the money to build up social services etc.
    11
  35. Has nothing to do with cheapness of the product, but taking advantage of lower market wages of different countries. Quality of the product is a corporate decision not a location of manufacturing decision.
    11
  36. lol, online has killed brick and mortar, but online isn’t a profitable business.
    11
  37. People in China should know that going to a Chinese restaurant in the US on Christmas is a tradition for some people (highlighted in a Christmas Story). Times have changed a bit though. Many more places are open on Christmas now. Didn't used to be like that. Edit: adding stuff about American Jews. And for obvious reasons, they aren't usually busy on Christmas. And what about eating Chinese food on Christmas? It dates at least as early as 1935 when The New York Times reported a certain restaurant owner named Eng Shee Chuck who brought chow mein on Christmas Day to the Jewish Children’s Home in Newark. Over the years, Jewish families and friends gather on Christmas Eve and Christmas Day at Chinese restaurants across the United States to socialize and to banter, to reinforce social and familiar bonds, and to engage in a favorite activity for Jews during the Christmas holiday. The Chinese restaurant has become a place where Jewish identity is made, remade and announced.
    11
  38. It's simple basics: supply and demand. Instead of creating new supply, the government should buy comparable housing stock off the market and transfer it to homebuyers that are waiting for delivery. Pros: would help support price by limiting supply, residents get a home and money isn't getting thrown after bad projects Cons: money is getting sucked away / transferred to homeowners and doesn't help GDP with more construction
    11
  39. No, it’s grown, but only due to one time projects ie construction / real estate. It means they have to constant build “stuff” to grow GDP. Also, they have expanded exports over time.
    11
  40. It's not even close to his highest viewed views. This is very niche.
    11
  41. Man, it's a good thing that China didn't raise the retirement age to keep more older workers in the workforce. And, didn't mess around with the youth unemployment rate to hide the problem from the public. I'm sure this is just a blip and this will pass. It's not like another 12M people will graduate next year and the year after.
    11
  42.  @fikrifahrizal482  It's because they live in China and have no idea how life is on the other side.
    11
  43. Don't forget the Kpop and Korean TV ban. It almost decimated the Korean TV business. They were paying $250K+ per episode on the top dramas and all the sudden, they withdrew. China was paying the highest per episode at that point. And, a funny thing happened. This smallish streaming business in the US called Netflix decided to dip their toes in the Korean TV business. Netflix is paying many multiples more now than the Chinese ever did. And, you have Apple and Disney buying shows too. While China was important to Kpop, it was more of an add on. Again, Korea turned West and finally started to break into the western music markets.
    10
  44.  @beowulf1312  It's a valid point. Just thinking from their perspective and Pooh Bear saying, "hey, we'll lift the lockdowns and things will go back to normal economically". Which to a degree is a somewhat insane assumption. Pooh Bear with his economic training in carrying sticks thought it was like a spigot.
    10
  45. The crazy part is renting is so cheap. Makes way more sense just to rent and save the extra money that would have went to a mortgage.
    10
  46. Dude - you can't just google the rate. The (up to) 200 to 1 is the real rate that people in Russia can buy dollars. You people need to educate yourself on how the real world works.
    10
  47. Why would anyone think Russian meat is popular? I'll admit, I did break US law by sneaking some cured meats into the US which I bought outside of Florence. But, that was Italy.
    10
  48. lol, Mao literally said Japan was off the hook and everything was fine. No need to apologize anymore.
    9
  49. IMO, the British relative link is pretty weak. His wife’s family and his siblings are REALLY well connected though. They do everything under the radar.
    9
  50. Maybe I have missed it, but I've never seen anyone protest out of altruistic reasons. Chinese people only seem to care when it impacts them directly.
    9