Earlier quoted context omitted.
Interesting line re: this from last year's moviee Crazy Rich Asians: "There is a Hokkien phrase, 'Gar gee nang.' It means, our own kind of people. And you're not our own kind." "Because I'm not rich? 'Cause I didn't go to a British boarding school, or I wasn't born into a wealthy family?" "You're a foreigner. American. And all Americans think about is their own happiness. "Don't you want Nick to be happy?" "It's an i…
Way to get cultural insights into China from a Hollywood movie bro
China Is Hunting for Foreign Buyers for Its Sovereign Debt
41–50 of 79 posts
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#42I wonder if China is seeing any impediments due to people being loathe to invest in a country where personal freedoms are very restricted and millions of their citizens are swept up in re-education camps. I would be hesitant from a personal standpoint but most larger wealth funds are probably not so restricted. By the same token neither are most manufacturers.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#43Earlier quoted context omitted.
Way to get cultural insights into China from a Hollywood movie bro
To be fair, it's a Hollywood movie based on a book written by a Chinese author based on his childhood in Singapore. So not entirely without legitimate cultural insight.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#44Earlier quoted context omitted.
To be fair, it's a Hollywood movie based on a book written by a Chinese author based on his childhood in Singapore. So not entirely without legitimate cultural insight.
It's written for the western audience. And I think you just made my point for me. At best it reflects the rich Chinese people's attitude - since when is HN rampant with small sample generalizations?
Since always. I can't count the number of generalizations I've seen which begin with "in my experience," for which the poster's experience likely includes a sample of one at least, or half a dozen at most.
And to be perfectly fair, it seems to happen a lot when China or Japan come up.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#45Earlier quoted context omitted.
I think most large wealth funds would have an issue too. That would be my guess.
By the time it gets repackaged into derivatives and index funds, who will really know. Investor's aren't amoral, just creating plausible deniability via complexity.
It has wide applications too: you can obfuscate everything from financial issues to political events. For example, pretend the article of the Charleston white supremacist mass murderer said the following:
"Roof was involved in the controversy of the events of June 17, 2015. After a flurry of media attention, he became the lead defendant in the trial United States v. Roof (2:15-cr-00472), which was noted for the request for a bench trial..."
The above is entirely correct, and written in a neutral, flat tone, but it completely misrepresents the situation. By noting tiny, irrelevant details like the request for a bench trial and the criminal number, the article both becomes uninteresting and hides the truth. If you read the snippet you wouldn't get the idea that he was a mass murderer.
I read something earlier by James Risen about the CIA covering up a number of horrible things. One quote I found very interesting:
"But after I filed the first story, it sat in the Times computer system for days, then weeks, untouched by editors. I asked several editors about the story’s status, but no one knew.
Finally, the story ran, but it was badly cut and buried deep inside the paper. I wrote another one, and the same thing happened. I tried to write more, but I started to get the message. It seemed to me that the Times didn’t want these stories."
They didn't even have to threaten to not publish it - all they had to do was obfuscate it! Throw in a few complex words and kick it off the front page and behold, nobody will read it, even if it contains explosive information.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#46Earlier quoted context omitted.
This. China is transitioning quickly to a consumer based economy from manufacturing.
On the contrary, the market is signaling that Chinese consumers are reducing their spending, choosing to save even more . > [These sales] will help finance the deficits without running up a dangerous amount of debt in foreign currency. That's why they're selling! The arbitrage, really, is that sales of this nature are very technical and not well understood by consumers. They signal bear market like a yield curve inve…
How? How is this different from the treasuries the US sells every year?
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#47I wonder if China is seeing any impediments due to people being loathe to invest in a country where personal freedoms are very restricted and millions of their citizens are swept up in re-education camps. I would be hesitant from a personal standpoint but most larger wealth funds are probably not so restricted. By the same token neither are most manufacturers.
I think most large wealth funds would have an issue too. That would be my guess.
really massive ones probably have a pretty good relation with the host country government/politicians and can rely on state political tools for leverage
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#48Earlier quoted context omitted.
It's written for the western audience. And I think you just made my point for me. At best it reflects the rich Chinese people's attitude - since when is HN rampant with small sample generalizations?
> since when is HN rampant with small sample generalizations? Since always. I can't count the number of generalizations I've seen which begin with "in my experience," for which the poster's experience likely includes a sample of one at least, or half a dozen at most. And to be perfectly fair, it seems to happen a lot when China or Japan come up.
Right, I wonder why.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#49Earlier quoted context omitted.
I wouldn't invest in foreign debt where I can't even safely go to that country and contest! => Thirteen Canadians have been detained in China since Huawei executive’s arrest, says Ottawa https://www.theglobeandmail.com/politics/article-thirteen-ca...
This and related thoughts lead me to wonder whether China may soon face a Greece like meltdown. They’ve established themselves as bad trade actors.
Re: China Is Hunting for Foreign Buyers for Its Sovereign Debt
#50Earlier quoted context omitted.
This and related thoughts lead me to wonder whether China may soon face a Greece like meltdown. They’ve established themselves as bad trade actors.
Given that the UK & USA has a habit of showing up with a Navy when someone refuses to trade (thinking of the perry expedition, the opium wars) I'm left wondering what a good trade actor looks like.
For example, South Koreas economy, in a single persons lifetime, has grown 60x per person, inflation adjusted. An entire nation pulled out of poverty. https://tradingeconomics.com/south-korea/gdp-constant-prices
You can see that trade is a major part of their economy, currently around 80%: https://tradingeconomics.com/south-korea/trade-percent-of-gd...
You can look at their neighbor North Korea for a counter example, that has established hostile relations with most other countries and has a juche philosophy that frowns on trade.