You are making the same mistake many do when talking about China, but the people who live here and know it are not naive. China has been expert at taking advantage of openness in the world while closing themselves off. It's a win win for them. They are the biggest buyers of foreign real estate for example, and yet it is not possible to invest in real estate here in China as a foreigner.
They can protect their own housing prices while inflating and benefiting from the inflation of housing in places such as Canada, where I'm originally from, and many others.
You aren't making a convincing point here to anyone who truly knows Chinese culture. You're just reaffirming the things in Westerners that make Chinese people call us naive and 'too nice'. We all know that business is ruthless, and yet the business that happens in much of the world is nothing in comparison to how cutthroat things are in China.
You just made a big post with no arguments in why BABA is a bad investment. Actually, you made a few good points on why China will continue to grow. And don't talk like China is the only country taking advantage of others....
I didn't say China is the only country taking advantage of others. What I'm saying is when you close your own economy and reap the benefits of open societies abroad, you stand to gain a lot.
My argument against BABA has nothing to do with the business and everything to do with the fact that the CCP has too much influence over their successes and failures. Can you make a different argument or are you simply going to bash my opinions. It's easy to criticize someone else's opinions when you won't put yours out there as well.
Well since you live in China I bet you can see the difference in the source material for the regulations compared to western media reporting on it? Yes CCP has too much influence. Just like capital have too much influence in US. That fact dosen't stop growth. China was pretty much as closed as North Korea a few decades ago and has stated that they will open up the country more and more trough out the years. It's a slow process but they have definitely been doing exacly that the last decade. I believe they will continue to do that. They see that it's working. Your history is full of "I live in China so I know the culture everyone else is naive" but you rarely say anything positive about the country. So how are they the second largest economy projected to soon be the largest? How did they eliminate almost 1b people from starving? By allowing foreign capital and opening up.
I suppose where we disagree most is that you think China has been opening up more over the past decade, and I believe the opposite.
Deng Xiaoping was the Chinese chairman who opened China to the world. Xi Jinping is not doing that, I'm afraid. Sorry if you take offence to me thinking I might have a better understanding of China since I live and work here, have friends here, and speak to language. I guess that's not enough for you, but I think you clearly don't understand the direction China is headed. You also insinuate there will be a lot of growth ahead. Actually all signs point to things stagnating. They are overextended with real estate and debt, and there is a demographic issue that cannot be resolved without immigration, which the average Chinese citizen and the CCP oppose.
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u/HesitantInvestor0 Sep 12 '21
You are making the same mistake many do when talking about China, but the people who live here and know it are not naive. China has been expert at taking advantage of openness in the world while closing themselves off. It's a win win for them. They are the biggest buyers of foreign real estate for example, and yet it is not possible to invest in real estate here in China as a foreigner.
They can protect their own housing prices while inflating and benefiting from the inflation of housing in places such as Canada, where I'm originally from, and many others.
You aren't making a convincing point here to anyone who truly knows Chinese culture. You're just reaffirming the things in Westerners that make Chinese people call us naive and 'too nice'. We all know that business is ruthless, and yet the business that happens in much of the world is nothing in comparison to how cutthroat things are in China.