Comments by "May L" (@MeiinUK) on "Russia Slaps China With 55% Tariff! Putin Strikes Before Trump" video.
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@KeithBovain : The problem inside china is not that they are not smart. It is that they focused way too much on externals, than they do internals. That is the issue. Foreign companies have indeed entered China before in the 1980s.. and mostly, it flopped. Why ? Cos they didn't have the spending power back then. Actually. So then, they put into place this "must transfer assets onwards after N years, " or a "must focus on own situation afterwards". There was always a time limit. But some people didn't focus on that one. So... it went a bit too wild. So now, they have indeed grown into the middle class. But they don't know how to pivot either. So... It is a lot harder now, than ever before... a lot harder. The thing with china is that, boom and busts could happen too quickly. Like months and days... Which makes the whole thing pointless. I don't think that they understood that... "the rest of the world didn't have any tech, as much as they do".... So this kind of "what you have, I want" attitude is wrong... So.. did they know that Germany has 100 year mortgages? And that their homes, are still exactly the same as 100 to 200 years ago ???... They don't realise that. So.... They assume too much !
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