31–37 of 37 posts
The unexpected $15.5 billion in spending on Xi Jinping's "common prosperity" initiatives was unsettling. It was only 10% of their net income for 2020, so not terrible as a one-time hit, but really drove home for me that the government might unexpectedly expropriate large amounts of shareholder value in the future. Baidu, Tencent, and others also had to pay up.
The unexpected $15.5 billion in spending on Xi Jinping's "common prosperity" initiatives was unsettling. It was only 10% of their net income for 2020, so not terrible as a one-time hit, but really drove home for me that the government might unexpectedly expropriate large amounts of shareholder value in the future. Baidu, Tencent, and others also had to pay up.
Isn’t the US government discussing taxing unrealized capital gains for a similar impact and purpose?
Earlier quoted context omitted.
Most people in my life with a Phd choose to go by "Mr" as opposed to "Dr". All major news organizations I just checked, including Bloomberg, WSJ, and the BBC, call him "Mr. Xi" and not "Dr. Xi". Do you any evidence he chooses to go by "Dr" as opposed to "Mr"? Because otherwise, I am inclined to assume all the major news sources have it right.
Yeah, but then again most Western news organisations call Xi the President of China. [Hint: the Chinese language has a word for President - which they use for Biden, Macron, etc. They don't use it for Xi].
But maybe I'm not really understand your point. Are you saying there is another English word that would better describe Xi than President, or that English should add one? Are you thinking "President" is insufficient to capture his power, and something like "Dictator" would be better? That has such negative consolidations that I would be hesitant to use it.
Earlier quoted context omitted.
If you are referring to US markets, I would be interested to see what max optimism looks like if max pessimism is new record highs everyday.
I'm not GP, but I believe they were referring to Alibaba in particular, not US markets as a whole.
thats prob closer to euphoria.
But Alibaba got really hammered down ( the stock ). No position for me but I follow the Company
Xi's reforms are not just a flash in the pan or motivated by his desire to reign in some rogue companies, it seems like there is a fundamental shift in policy - moving away from free wheeling capitalism which has lifted millions out of property but has also come at a huge cost - loss of cultural and family values and corruption. Xi wants to re-align with socialist values, which is a good sign for the country. But, it…
Earlier quoted context omitted.
Yeah, but then again most Western news organisations call Xi the President of China. [Hint: the Chinese language has a word for President - which they use for Biden, Macron, etc. They don't use it for Xi].
I checked gov.cn, and see it using "Mr. Xi" and "President". For example: https://www.fmprc.gov.cn/mfa_eng/wjdt_665385/zyjh_665391/t11... But maybe I'm not really understand your point. Are you saying there is another English word that would better describe Xi than President, or that English should add one? Are you thinking "President" is insufficient to capture his power, and something like "Dictator" would be bette…
Yip, mainstream media gets it wrong. :)
Here you go: https://qz.com/1112638/xi-jinping-title-xi-jinping-is-not-th...
But yeah, its not a big point to squabble over.
Earlier quoted context omitted.
Most people in my life with a Phd choose to go by "Mr" as opposed to "Dr". All major news organizations I just checked, including Bloomberg, WSJ, and the BBC, call him "Mr. Xi" and not "Dr. Xi". Do you any evidence he chooses to go by "Dr" as opposed to "Mr"? Because otherwise, I am inclined to assume all the major news sources have it right.
Yeah, but then again most Western news organisations call Xi the President of China. [Hint: the Chinese language has a word for President - which they use for Biden, Macron, etc. They don't use it for Xi].