China

[FlyerInHi]

Myriad, technically, local laws don’t preempt national laws. It’s the other way around.
For example, the federal government could enforce marijuana bans if it wanted to, despite local laws. But the feds stay quiet because of political reasons.

For Taiwan, I think that once Jared Kushner solves the Middle East, he will turn to finding a permanent solution to Taiwan.

[Myriad]

[quote=FlyerInHi]For Taiwan, I think that once Jared Kushner solves the Middle East, he will turn to finding a permanent solution to Taiwan.[/quote]

LOLOL, thanks for the comedy.
At least we know who the Communist/autocratic sympathizers are on this forum.

[FlyerInHi]

I don’t have a particular liking of the chinese communists. But I don’t think that China should be broken up.

I admire the development that the Chinese accomplished for themselves and the word. It’s good for the world that there is a development model that is a challenge to the US. It forces us to rethink our system and do better.

I was debating with a friend a couple days ago about what China would have been had the tianamen “revolution” been successful. Would China be a clusterfuck like the Philippines or Indonesia, which would fit US geopolitics very well; or would China be a leader in key technologies like it is today? Would there be millions of Chinese millionaires and a new massive middle class driving the world economy forward?

I try to not look at China from an American point of view but from a world view. Had China not build infrastructure for Africa, would we or the Europeans have stepped up? Would there be a massive Belt and Road initiative that delivers development to the places most in need? I’ll be planning a trip when they open the high speed rail from China to Thailand via Laos.

The mobile revolution in the developing world was made possible by Huawei that built the networks. And also by Chinese entrepreneurs who fanned out across the world to sell and provide credit for cheap mobile phones to customers who were previously never connected.

[spdrun]

What will a general strike in Hong Kong do to China’s finance industry? Fun to watch, anyway, and the Chinese have their hands tied — there’s too much money and press for them to reenact Tiananmen Square in 2019.

[FlyerInHi]

We should stop all the self congratulations and worry about lost business opportunities.
If there one place in Asia we should be investing, it’s the Philippines. As Trump would say, it’s up to us to provide a better deal.

A U.S. Ally Is Turning to China to ‘Build, Build, Build’
The Philippines is converting a historic American military base into a city. Its key funder? China.
https://www.theatlantic.com/international/archive/2019/05/philippines-us-ally-china-investment/588829/

How much do you think condos and houses in New Clark City will be worth? Certainly more than in most American cities. A new well-to-do class is being born, thanks to China and there goes our influence and credibility. Even though there is much admiration and respect for the US in the Philippines, people will know where their wealth comes from.

https://youtu.be/bjuqAH4cf5E

[The-Shoveler]

LOL China housing model proves home values actually can grow to the sky if they are properly managed. (30 YEARS!!!).

It goes to show you what can be achieved if you have total power over the Central bank as Well as everything else.

Your mileage may very else where.

It also proves a housing bubble is the fastest way to create a wealthy middle class, provided you can maintain the bubble.

[FlyerInHi]

….but remember, government planning is supposed to lead to catastrophic failure like it did in USSR and Venezuela.

Pretty soon Filipinos will be able to sell a condo in New Clark City for a house in USA. Cash. The Chinese did it. And even the Vietnamese are now the second EB-5 visa applicants.

But my point is that when Filipinos ride the new Chinese high speed train from Clark to Subic pass a new resplendent city, their admiration will turn to China. It’s happening all over the world. China is building soft power by producing things and creating a global middle class.

Meanwhile the USA threatens war and tariffs.

[The-Shoveler]

duplicate

[The-Shoveler]

So we should give Trump control of the central bank?

As well as all zoning and EPA for the entire USA.
(states sorry Trump is in control )

As well as all investments inside or outside the USA by USA citizens.

[FlyerInHi]

Oh, it’s not like that in China.
They actually have good policies run by PhDs who studied here in USA.

China was bad during the Mao Era because the economy was run by uneducated peasants. Then students came here to study economics, thanks to the Ford Foundation. So, yeah, China owes us a debt of gratitude.

The problem with the USA now is that we have death of expertise and we are elevating the peasants. That’s what happened in Venezuela. I am not saying there is equivalence, but there is gridlock in USA because we do have “peasants” running things.

[FlyerInHi]

[quote=spdrun]What will a general strike in Hong Kong do to China’s finance industry? [/quote]

Times change. If I recall, when HK was returned to China, it was the golden goose producing 40% of GDP. Now HK is 3%. One country, 2 systems was a way to keep the golden goose alive and producing.

In the decade prior to 1997, 1 million Hong kongers left. I have friends whose families owned SFRs in Hong Kong. They now have heartburns thinking about all the wealth they gave up by “retiring” early in the West. Now, you can only dream of an SFR on the hills in HK.

[The-Shoveler]

Whatever,

Anyway one last thing, in china you only own your house until XI says you don’t anymore.

And it is a 70 year lease, sometimes it’s yours and you’er families, sometimes it is not after that.

Depends on how well connect you are.

“there is gridlock in USA because we do have “peasants” running things”

Thank God.

[FlyerInHi]

A leasehold can be more valuable than a freehold.

Life is a lease. Negotiate well.

[quote=The-Shoveler]
And it is a 70 year lease, sometimes it’s yours and you’er families, sometimes it is not after that.
[/quote]

But seriously, you’re not being financially rational. The markets, when valuing a property, have already discounted the fact that it’s a leasehold. It’s like condos in Hawaii.

[The-Shoveler]

Forcing your wealthy to buy your condos (can not take money out of country “well most non-well connected anyway”), it’s either take your chances with the china stock market or buy condos LOL.

Anyway I could go on but arguing with you in completely pointless, you just spin and go in circles as long as you see what you think are glorious cities.

[FlyerInHi]

Yes I am impressed by resplendent futuristic cities.

I guess we are in agreement the China model works in building wealth. Engineering works in spades and we don’t need to bend to that whims of the market.

But if what you say is true, there would be a thriving black currency market and the RMB would be worth a lot less. In which case China could not be accused of keeping it artificially low. And that doesn’t explain the increase in Chinese currency use around the world.

The more important fundamental question is why is China successful at central planning where other countries failed? And if China were not successful, we would not bother to force them to abandon China 2025. They don’t promote China 2025 anymore to appease Trump, but they are surely still doing it.

[Author]

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