Author: Devolution

Why Every Western Tech Company Should Merge with China   [Copy link] 中文

Rank: 1

Post time 2016-1-6 18:24:23 |Display all floors
markwu Post time: 2015-10-2 08:03
The US only had a start in aeronautics and space technology because they took most of post-WWII Germ ...

Mr. Wu,

Why does China always remain a third-world nation?

Use magic tools Report

Rank: 1

Post time 2016-1-8 12:52:55 |Display all floors
Kamuela Post time: 2016-1-6 18:24
Mr. Wu,

Why does China always remain a third-world nation?

Use magic tools Report

Rank: 1

Post time 2016-1-11 20:34:23 |Display all floors
markwu Post time: 2015-10-2 08:03
The US only had a start in aeronautics and space technology because they took most of post-WWII Germ ...

Mr. wu, you seem like the smartest member of this forum.  Are you scared about the china stock market crash going on right now?  Is it the end of China, like West is saying?  

West is saying that china is finished, like the former soviet union.  is this true?

Use magic tools Report

Rank: 8Rank: 8

Post time 2016-1-12 15:48:42 |Display all floors
This post was edited by markwu at 2016-1-12 16:32

Stock Market

I stopped wondering about the stock market years ago. If everyone says 'buy low sell high', who will be selling then so that others can buy?

Therefore, stock price movements must be caused by risk-weighing that if a price is going up, one can still make more from buying the stock at a high price in the hope that it can be sold at the next higher price and if a price is falling, better to cut losses in order to have enough funds to plough back again in yet another hope the new investments will more than recover previous losses.

But as this rationale chugs along up the price curve, it will inevitably lose momentum until it reaches a point where investors get edgy and start to sell in which case the price starts to tumble.

The question next is when the price falls how long will it be before investors go into the market again to buy the same stock that had lost its lustre.

For that we have to understand why in the first place stock prices go up and fall down. In the case of China, it cannot be because suddenly her listed companies had lost their abilities. The working assets and abilities of those companies are still intact whether the stock market is up or down.

Therefore what has been happening is the gambler's perception fueling fear leading to herd panic. Investors start looking for external signs that they can use to rationalize the decision that they will make.

And all those external signs started when it was perceived buyer countries of China's goods were collectively feeling the pinch in their own economies so that their weaker demand for China exports would naturally be expected to diminish China's export-oriented performance at exactly the time when China's own domestic demands were still unable to absorb all the slack.

That gap reinforced the perception. But it is still only a perception for three reasons:

one, China's assets and abilities remain intact;

two, China's demand is latent; there is still plenty of room for domestic growth in many areas in many parts of the country that can be realigned using coordinated industrial policies and economic planning;

three, if the US as an internationally renowned debtor nation can recover speedily from its devastating subprime mortgage crisis, how can China as an internationally renowned creditor nation once primus inter pares in the family of nations not recover even more substantially, especially when she has the aforementioned factors in her favour as well?

And we want to fall into the trap of believing that a stock market is the last say of greatness? How is the stock market different from a merry-go-round of dashed hopes today and euphoria tomorrow on the roller-coaster of externally-infected changes?

No, i don't believe it so. I believe the Motherland's finest hour has yet to come. This new 21st century belongs to China because, different from other nations in the past centuries, she has seen enough of human foibles and she can draw and mint new worldviews that will lift herself up to lift others up along with her.

After all, maybe her stock market made down now is so that those external investors living on 'buy low sell high' can cherry pick her stocks for their own profits later. If that be so, why wait for them to come first?

Use magic tools Report

Rank: 8Rank: 8

Post time 2016-1-12 16:30:14 |Display all floors
Third-world Nation

It's just nomenclature. Just like the fortunes of a man. Today may be poor but tomorrow can be better.

A third-world nation can do as good if not better than a first-world nation in certain regards just by not doing bad things like napalming a third-world nation, or inventing neutron missiles, for that matter uranium-depleted tank shells.

But yes there are regards in which a nation can be progressive while being pragmatic, whether first second or third and fourth world.

China has made an extraordinary start in both regards. Imagine another country of millions being poor and deprived lifted up to the last man woman and child from their lot and propelled into a middle-class in a modern setting with good infrastructure and the chance to make it in life on one's own steam. China did that for so many of her poor and deprived - with nothing except human skill and will and all within one generation.

Pray tell how many other nations can do that?  For that matter, feed a billion year in year out without fanfare despite harsh climes and challenging arables. Or, rapidly achieving fiscal surpluses. Or, becoming a respected international player in many places.

True, domestic growth had come at a price of the environment. But that can be healed in due course using the same approach of technique and technology on the back of a pragmatic scientific development approach in nation-building that values stability to create a peaceful platform for personal and material progress.

Which brings me to mention one time long ago the US had praised to high heavens Japan's management prowess even to the extent of studying its theory Z in management only to later decry and outcaste its economic fall when the tokyo bubble burst and those islands went into a fudgy state.

So what matters whether one is labeled today a 'third world' or for that matter a 'first-world' nation? If Japan can still innovate and keep standards of cleanliness and tidiness, which other nation can't, given the right recipe? If a cat catches mice, who cares if it is grey?

But yes, there is something which i would like to see more from China. But that's because i know her peoples have it in them in untapped abundance. An explosion of creativity. Whether of products, ideas, business models, inventions, methods, materials - all can be galvanised and turned into new markets for the rest of the world.

Meanwhile, when does the next boat down the Irrawaddy river to Yangon leave?

http://static.boredpanda.com/blo ... -noroc-300__880.jpg






Use magic tools Report

Rank: 8Rank: 8

Post time 2016-1-12 17:26:36 |Display all floors
This post was edited by markwu at 2016-1-12 17:27

?

Use magic tools Report

Rank: 1

Post time 2016-1-13 20:53:41 |Display all floors
markwu Post time: 2016-1-12 17:26
?

You seem to have much faith that China has the innate ability to create a system to replace capitalism.  

It's quite a big leap of faith.  China historically has been a follower, not a leader.  Caucasians lead, China follows.  This trend still exists.  On what logical basis do you believe otherwise?

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.