> Secondly there is a now huge upper middle class who are travelling the world, sending their kids to Australia or US for study and still buying Apple products. They are not going away
"their buying power doesn't compare with that of their US counterparts. Between 2010 and 2014, only 12% of these people reported a household income of more than $3,200 a year, or $8.50 a day."
http://www.businessinsider.com/demand-report-on-chinas-middl...
The article talks about investors needing to know that
1.) China's construction boom is over
2.) Need to understand China better
3.) Take off the rose-tinted glass
I would add a few more here:
4.) With all the capital controls currently in place, once you invest, you might not get your money out, ever.
5.) With president Xi becoming more dictator-like, and encouraging anti-foreign behaviors, once you get in to China, you might easily get in trouble. Jailed without trial. Or disappeared.
6.) With the great firewall becoming more restrictive, and VPN working less and less, you might not be able to hit any foreign websites from China. No communications with your family or loved ones. No search for foreign customers.
7.) With the impending yuan devaluation (20%-50%), it might not be worth it with a low growth environment in China.
Also related, looks like China's finally cutting itself off the rest of the internet in the world....switching from blacklisting to whitelisting.
"The proposed rules would prohibit the country’s Internet-service providers from allowing connections to websites with domains, or Web addresses, registered outside China. Violators would face fines of up to 30,000 yuan ($4,621) and public notices exposing their failure to obey."
"Mr Xi has come under fire for hosting the summit as several women's rights activists were held earlier this year for planning a demonstration against sexual harassment on public transport."
""China will face a more challenging situation in trade this year than 2015. Both imports and exports in February fell more than our expectations."
""China's exports declined the most since May 2009, suggesting that the overly strong CNY exchange rate has become an obstacle for the external sector"
""February's trade data is really poor and that will exert depreciation pressure on the yuan."
So the western world should just take the Chinese government media at face value? since the foreign media now needs a 'permit' to publish online in China. This is a government that cheats, lies, and steals. Oh, and kidnaps foreign citizens and forces them to tell lies on state TV
"China 'covertly providing oil to North Korea'
Seoul claims Beijing falsifying its export statistics to keep Pyongyang's industry, military operational"
These aren't the smart engineering politicians with a 10 year view China has foisted its fable onto the world. These are the corrupt paranoid politicians who know they are one mass protest away from having all their families disposed. These are fat and lazy billionnaires who have siphoned off local schools, hospitals, people, environments, and is about to abscond with riches. These are the people that see their debt-fueled economy collapsing, and know there's no more workers to be paid in pennies to be exploited.
""In total, 106 members of China's National People's Congress and 97 members of Chinese People’s Political Consultative Congress, are on Hurun's China Rich List. Their combined wealth hits $463.8 billion"
yeah I thought about rebuking his point, but someone who quotes fiction texts not from 'another thread', but from a book written in 1957 that was talking more about socialism and fascism in Hitler's Germany and Russia, and proceeds to copy and paste an entire paragraph in order to support his point about US in 2016 Well, that's some sort of superpower right there.
"If I wanted to do massive, irreparable harm to China, this is the law I would pass. And yet, they have done this willingly to themselves, without hesitation or incident."
These aren't the smart engineering politicians with a 10 year view China has foisted its fable onto the world. These are the corrupt paranoid politicians who know they are one mass protest away from having all their families disposed. These are fat and lazy billionnaires who have siphoned off local schools, hospitals, people, environments, and is about to abscond with riches. These are the people that see their debt-fueled economy collapsing, and know there's no more workers to be paid in pennies to be exploited.
"In total, 106 members of China's National People's Congress and 97 members of Chinese People’s Political Consultative Congress, are on Hurun's China Rich List. Their combined wealth hits $463.8 billion. By comparison, the median wealth of American politicians was just over $1 million in 2013, according to CNN Money. "
http://www.businessinsider.com/chinese-politicians-are-rich-...
I suggest you to do one of two things. Either refute the 'ponzi' argument, or keep attacking me personally :) You seem to have some anger in your life. you should resolve that first.
China's already hit its limit. "Also, the Chinese economy is over-indebted. The total social debt is now 300%. Together with external debt, this figure rises to about 350%." http://marketrealist.com/2016/01/george-soros-sees-crisis-re...
> Secondly there is a now huge upper middle class who are travelling the world, sending their kids to Australia or US for study and still buying Apple products. They are not going away
"their buying power doesn't compare with that of their US counterparts. Between 2010 and 2014, only 12% of these people reported a household income of more than $3,200 a year, or $8.50 a day." http://www.businessinsider.com/demand-report-on-chinas-middl...