China’s tech sector is in the doldrums • Hacker News Board

Re: China’s tech sector is in the doldrums

#41

Post by ForHackernews » Fri, Mar 08, 2019, 6:27 PM UTC

trashcan wrote: post #35

ForHackernews wrote: post #26

Earlier quoted context omitted.

There's no "IoT" problem here. You can have plenty of automated systems monitoring your infrastructure without the security nightmare of making them accessible on the public internet.

I don't think that IoT implies publicly accessible (correct me if I'm wrong). "IoT" smart water meters exist, and they usually use cellphone networks to send data (water usage) to the utility company.

The "I" in "IoT" stands for "internet". If the only thing "IoT" means is 'small digital sensors', then I'd suggest it's a meaningless buzzword.

Re: China’s tech sector is in the doldrums

#42

Post by tha_nose » Fri, Mar 08, 2019, 6:42 PM UTC

blue4 wrote: post #3

> By one count 48 million people in China lack sufficient drinking water. The number of people facing severe drinking water shortages doubled to 5.9 million in early 2008 because of a severe winter drought. China has more than a fifth of the world's population but only 7 percent of its fresh water. Not from the article, but if there was a startup needed and one that could jump start their sector there, a significant…

China has 7% of the world's fresh water but that 7% can easily sustain every human being on earth. China controls the tibetan plateau which is the source of the water for a significant portion of the world's largest rivers and a source for a significant amount of fresh water.

If 48 million people in china lack drinking water, that's a problem of resource management rather than resource.

China has a 5th of the world's population but they also have ridiculously rich soil along it's many large rivers - especially towards the southern portion of china. The same thing with india. They have immensely rich lands that can support a huge number of people. Unlike canada who has a lot of freshwater but is mostly frozen tundra.

This is why stats are so deceiving. India is about 1/4th the size of siberia but india can support 1000X the population of siberia because india's land/soil is rich and productive while siberia is not.

Re: China’s tech sector is in the doldrums

#43

Post by DeonPenny » Sat, Mar 09, 2019, 12:05 AM UTC

Waterluvian wrote: post #2

Any time I see an article about China's tech doom I'm skeptical. Are there any solid, trustworthy sources for statistics on these matters? Where should I be looking for signal?

I'm not check any of their IPO last year. All of them are down with terrible. I mean terrible earnings reports. NIO spent 500 million on 7 million in revenue

Re: China’s tech sector is in the doldrums

#44

Post by woodandsteel » Sat, Mar 09, 2019, 12:18 AM UTC

valgor wrote: post #9

Waterluvian wrote: post #2

Any time I see an article about China's tech doom I'm skeptical. Are there any solid, trustworthy sources for statistics on these matters? Where should I be looking for signal?

All western, liberal media sources refuse to publish anything that paints China in a good light. I think it is because the US is falling behind while China is pushing forward. However, China media sources are as completely bias as western sources, only in the opposite direction. I suspect reality is some where in the middle.

>All western, liberal media sources refuse to publish anything that paints China in a good light. That's not at all true. I have seen countless articles in the mainstream media over the years about the huge gains China has made.

What I also see a lot is that when the mainstream press reports something that is going bad in China, then China defenders will say something like you just did.

Re: China’s tech sector is in the doldrums

#45

Post by woodandsteel » Sat, Mar 09, 2019, 12:19 AM UTC

sct202 wrote: post #24

Waterluvian wrote: post #2

Any time I see an article about China's tech doom I'm skeptical. Are there any solid, trustworthy sources for statistics on these matters? Where should I be looking for signal?

It's like using ZeroHedge as your source of news. It is not inaccurate (they generally link to reputable sources), but potentially overblown or out of context.

So what is overblown or out of context about this article?

Re: China’s tech sector is in the doldrums

#46

Post by vitohuang » Sat, Mar 09, 2019, 5:05 AM UTC

hangonhn wrote: post #37

piokoch wrote: post #8

Earlier quoted context omitted.

Unrelated, but interesting in this context: Michael Burry, one of the guys who predicted 2007 housing bubble (and made good money thanks to that), is investing in water. Looks like he might be right again.

How does one (without access to exotic financial instruments) even do that?

There are two sides

1. Buy-side - ETF for companies leading in clean water or purification, or the second level that companies provide components for those companies in the first group.

2. Sell-side - bet on the companies will do badly in the situation e.g big polluters.

But the hard thing is timing, you can sit there for decades for the outcome and so many factors can affect your bet between now and then.

Re: China’s tech sector is in the doldrums

#47

Post by achow » Sat, Mar 09, 2019, 6:39 AM UTC

ForHackernews wrote: post #41

trashcan wrote: post #35

Earlier quoted context omitted.

I don't think that IoT implies publicly accessible (correct me if I'm wrong). "IoT" smart water meters exist, and they usually use cellphone networks to send data (water usage) to the utility company.

The "I" in "IoT" stands for "internet". If the only thing "IoT" means is 'small digital sensors', then I'd suggest it's a meaningless buzzword.

The Internet of things (IoT) is the network of devices such as vehicles, and home appliances that contain electronics, software, sensors, actuators, and connectivity which allows these things to connect, interact and exchange data.

https://en.wikipedia.org/wiki/Internet_of_things