Earlier quoted context omitted.
Only if people are compete fairly. Otherwise like Soviet Union has been better America in space industry ... And when is America can reach the chinese market or except a few one way only. And it is not just about money but those people use the money for. Re-educate Muslim in or next time American in ... good luck. But it is important to have competition.
Yeah remember when the Soviet Union beat America to the moon?
Asia-Pacific is home to a rise in new self-made billionaires
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Re: Asia-Pacific is home to a rise in new self-made billionaires
#72What matters is durability and defensibility, not current market value which is very speculative if you ask me. When they produce something like Microsoft, Apple, Amazon, Google I'll reconsider my position.
Tencent and Alibaba are like those... and in many ways better.
I looked at their US websites just now and will say they are certainly worthy of being in the conversation. I have never used either one though in my 20+ years of being a 'netizen'.
I think China may be ahead of the US in AI and space right now, I don't know to be honest. What do you think?
Re: Asia-Pacific is home to a rise in new self-made billionaires
#73Earlier quoted context omitted.
Yeah but so is Ford ( https://qz.com/1262815/fords-move-to-stop-making-cars-was-en... ) and GM ($49.5 Billion US govt. bailout), they would have been crushed by the Japanese and European auto companies a long time ago but nobody cares, it's the winners that matter in the world so saying govt. sanctioned is pretty random chance of probability, I wish I was a govt. sanctioned company person in China but that is never g…
By the way, China is the one and only foreign market where GM ever managed to sell their bad cars.
You mean SAIC-GM (51% SAIC, 49% GM JV of course). Buick is considered a decent brand in China.
American brands are more competitive with Japanese brands in China due a fluke: as all of them are made in human labor intensive factories (vs. using more robots), the quality of Japanese designed cars has gone way down to the point that Toyota and Honda aren't thought of as being very good cars like they are in the states.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#74What matters is durability and defensibility, not current market value which is very speculative if you ask me. When they produce something like Microsoft, Apple, Amazon, Google I'll reconsider my position.
DJI makes impressive drones and handheld cameras, I’d say they are honestly best in class. Anker makes some of the best batteries and tech accessories. They don’t seem to have an Apple or Google yet, but they are getting better. Only a matter of time.
My Anker battery is definitely a must-pack for me whenever I travel.
China seems to making serious strides with clean tech, AI, and space exploration. This is definitely an area of concern for the rest of the world.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#75Earlier quoted context omitted.
By the way, China is the one and only foreign market where GM ever managed to sell their bad cars.
You mean SAIC-GM (51% SAIC, 49% GM JV of course). Buick is considered a decent brand in China. American brands are more competitive with Japanese brands in China due a fluke: as all of them are made in human labor intensive factories (vs. using more robots), the quality of Japanese designed cars has gone way down to the point that Toyota and Honda aren't thought of as being very good cars like they are in the states.
I say it's not much different from what it is in states: Old Rich People Drive Buicks.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#76Earlier quoted context omitted.
Yes, DJI literally shocked me when I bought the Mavic. They completely bust the stereotype that China is bad at design and innovation, e.g. "Designed in California, Assembled in China". Everything from the build quality, to the packaging, documentation, software, even customer support has impressed me. They're like the canary in the coal mine, a wakeup signal for the Silicon Valley that thinks they're still on top be…
DJI is going through a rough patch right now via a $150m internal theft scandal. Even if they are catching up on tech pretty quickly, Chinese companies still have a long way to go in catching up with management and business practices.
True, corruption is one of the biggest problems in countries transitioning from developing to developed. Yes, we haven't quite fully cracked that nut either, but I think the issue is one of degree, not kind. There's probably some inflection point, where corruption crosses a 'herd immunity' like threshold, and the entire system gets sick.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#77Earlier quoted context omitted.
Just like the Chinese got no chance to vote on America's unilateral sanctions against Iran, but are still subjected to them.
Just as a point of clarification, Chinese have no obligation to comply with American sanctions, unless they’re using the American financial system.
Right. You are free to trade with Iran, as long as you don't mind disconnecting from the US financial system. Or you try to set up a shell company that does the trades but keeps the parent company from violating the sanctions (to be fair, Chinese companies learned how to do this from American companies).
Re: Asia-Pacific is home to a rise in new self-made billionaires
#78Sure but China inflated its currency, that's a redistribution to asset holders. The acomplishments are admirable all the same, but the accelerated climb is probably boosted by inflation. I predict a correction in next year's list.
> Sure but China inflated its currency
China inflated the value of its currency, they didn't inflate it by printing more (quite the opposite actually). This makes it harder for Chinese companies to do trade, not easier, so I don't see what your point is.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#79What matters is durability and defensibility, not current market value which is very speculative if you ask me. When they produce something like Microsoft, Apple, Amazon, Google I'll reconsider my position.
Tencent and Alibaba are like those... and in many ways better.
They aren't international brands. Alibaba gets some traction outside of China for those who want to buy cheap Chinese goods, while Tencent has bought some foreign game companies, but otherwise no one outside of China really knows who they are.
Re: Asia-Pacific is home to a rise in new self-made billionaires
#80Earlier quoted context omitted.
You mean SAIC-GM (51% SAIC, 49% GM JV of course). Buick is considered a decent brand in China. American brands are more competitive with Japanese brands in China due a fluke: as all of them are made in human labor intensive factories (vs. using more robots), the quality of Japanese designed cars has gone way down to the point that Toyota and Honda aren't thought of as being very good cars like they are in the states.
I say it's not much different from what it is in states: Old Rich People Drive Buicks.
Young rich people might drive Buicks in China. My 40ish boss had a Buick luxury minivan that they don't even make in the states.