Author: UYA

Billionaire: "Capitalism needs reform" [Copy link] 中文

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Post time 2019-5-13 18:45:48 |Display all floors
UYA Post time: 2019-5-13 10:51
Incorrect!

I had a WFOE business in China.

The Chinese government’s initial aim in allowing the institution of WOFEs in 1986 was to introduce advanced technology into China and to encourage export-oriented producing activities. After China's entry into the WTO, these original conditions are gradually abolished.

I have nothing but good memories of China. But I did see them copy our equipment right down to its size, shape and color.

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Post time 2019-5-13 18:49:19 |Display all floors
UYA Post time: 2019-5-13 10:55
What meal can you get in Boston for 2 bucks?
I can get a plate of noodles with meat and vegie's fo ...

You can get a hot dog from a street vendor for $2.
My LaoPo doesn't mind noodle everyday but I would prefer a sandwich.

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Post time 2019-5-14 13:14:48 |Display all floors
Boston101 Post time: 2019-5-13 18:45
The Chinese government’s initial aim in allowing the institution of WOFEs in 1986 was to introduc ...

So you admit "overstating" China's control over ALL businesses there.
I remember a post you made about the "Umbrella movement" in HK.
You stated that the locals there were, "walking around in despair".
I was there witnessing the front lines of the movement in Mong Kwok.
Talked to the locals and they told me it was just a "show".
People did their normal routine and did not see the "despair" you witnessed.
Again you overstated the facts

I'm happy to hear you had good experiences in China.
I guess your beef is with the leaders?
My guess is you have business dealings in China and enjoy a upper middle class lifestyle.
Don't think it would be "fair" (in your own words) to hold China to the same standards as the US.

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Post time 2019-5-14 13:19:33 |Display all floors
This post was edited by UYA at 2019-5-14 13:30
Boston101 Post time: 2019-5-13 18:49
You can get a hot dog from a street vendor for $2.
My LaoPo doesn't mind noodle everyday but I wo ...

A plate of meat, vegie's and noodles or rice goes farther than a dog.

Explain to me this.....
Why does China have a lower cost of living than the US?
Capitalist mantra is....
"supply and demand".
If that is the case....
then China's cost of living should be through the roof, because of a population of 4X the US.
(lots of demand for supply)
Yet that is NOT the case.
Why???????

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Post time 2019-5-14 13:41:01 |Display all floors
Boston101 Post time: 2019-5-13 18:45
The Chinese government’s initial aim in allowing the institution of WOFEs in 1986 was to introduc ...

Just saw a great documentary on the subject of the trade war on "Frontline" (PBS).
They interviewed people in the US and China, along with relevant people in both governments.
https://www.youtube.com/watch?v=4_xQ5JisFuo
(for those who can see it)

Seems like the American workers were affected the most, while the Chinese had little.
It goes on to point out China's "long term" economic plan vs "none" on the US.
Seems to me that China's future is well planned, while the US is mostly "short term" to who is in political power at the time.
In that sense.....
China has the edge.

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Post time 2019-5-19 01:51:13 |Display all floors
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Post time 2019-5-19 01:51:36 |Display all floors
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