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Showing posts with label China - World Leader. Show all posts
Showing posts with label China - World Leader. Show all posts

Friday 30 December 2022

China - World Leader


 


Icon for China - World Leader.

The best option for USA and the rest of the world is to accept that it is no longer the #1 world power. There is no way to stop China’s rise, unless USA goes to war with China in which case everybody loses.

Well, this is very clear.

But, as always, none of this is reported in the West. So most Americans, Brits and Europeans are unaware of the announcements that China has made regarding their plans and the actions that they are involved in. 

Here’s a summary of the plan.

 

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It won’t be. It will simply lose its #1 position in the world. USA will remain a superpower for many decades to come.

China will overtake USA for the #1 spot, probably within the next decade or two. The reasons for this are many:

  1. China is an unstoppable economic juggernaut. It is already the world’s largest economy by GDP PPP, and it is expected to surpass USA in terms of nominal GDP by the end of this decade.
  2. USA faces numerous and daunting domestic problems such as deep and chronic political division, crushing national debt, crumbling infrastructure, unaffordable health care, unaffordable housing, mass incarceration, rampant gun violence, systemic racism, extreme economic inequality, etc.
  3. USA is failing in foreign policy. Just look at the recent Afghanistan fiasco. Look at Iraq and Syria.
  4. China doesn’t waste money on the military; it uses its money for economic development. USA spends nearly a trillion dollars on the military, more than the next 11 countries combined!
  5. China doesn’t waste energy fighting wars; it hasn’t fought a single war since 1979! USA has fought wars in Afghanistan, Bosnia, El Salvador, Grenada, Iran, Iraq, Kuwait, Lebanon, Libya, Nicaragua, Pakistan, Panama, Somalia, Sudan, Syria, Yemen, etc.
  6. Countries are starting to move away from the US Dollar, turning to the Euro, Bitcoin, and even the Yuan.
  7. China’s Belt and Road Initiative is gaining massive influence around the globe. In Latin America and Africa and Middle East and Central Asia and SE Asia.
  8. China engages ASEAN countries in trade through RCEP, the world’s largest free trade bloc.
  9. China is pursuing diplomacy throughout the Middle East rather than bombing the shit out of the region. Recently, it signed a 25-year cooperation deal with Iran. And China is negotiating with the Taliban for the future of Afghanistan instead of invading and occupying the country for 20 years.
  10. China has 4X the US population: 1.4 billion people. They are moving towards full development.

USA’s heydays are over.









 

Thursday 17 February 2022

China - World Leader

 

I do share the views expressed. We saw when both stood up for Venezuela, and possibly Iran. Heavy weight China/ Russia partnership does move the geopolitical needle and change the balance equation. Never expect war, but Putin did flex some biceps.

China is China.
-  Kanthaswamy Balasubramaniam,Kanthaswamy Balasubramaniam

There are many predictions about China's economic collapse. Why isn't that happening?
Take Evergrande!!!!

Why did so many Economists predict that Evergrande collapse would be huge etc etc????

Because they are stupid??? No

Because they are biased??? Maybe…but they are still reputed Academics who wont just tout propaganda

So Why????

BECAUSE THEY LOOK AT EVERYTHING FROM THE US ANGLE (And the European Angle and the Japanese Angle and the Indian Angle) or the US LENS

In the United States - The Shareholder is GOD

So any Collapse of a Company , leads to a blow in the Markets which causes massive massive massive losses and creates all the financial crises since 1929.

In China - The Investor is GOD

China believes that the Speculator is a Gambler. They restrict major funds from investing too much into the Stock market and ensure that the Common Citizens who invest in the stock market know that they can lose their shirt or win a pile of gold.

Instead their Focus is on the Investor - the ones who paid for the Houses, the ones who bought Bonds etc. They are to the Chinese - the backbone of Economics.

IN the United States - Rule of Law is Cumbersome but Absolute

This means - THE LAW Comes First. So whenever any Company Collapses - you have Chapter 11s filed , Protection of the Company Directors and Shareholders , Allowing the Company to file counter suits etc.

This means the Assets of the Company get wound up for an average of 46 months and by this time shares plummet to Zero.

Thus a Companys failure means failure for all its investors.

In China - The Public is Absolute or the Common Man

China puts everything including Freedom or Human Rights above the Common Man.

So in China when a Collapses - the System will first Force a company to pay back its investors.

The Law never interferes

The Company has to pay back its investors by selling Assets, swapping Assets etc.

This means Assets of a Company can be disposed off in weeks rather than months or years.

And thus Investors almost always get between 55% - 100% of what they invested

IN the US - Value is all about Perception

US doesnt like the word ‘Assets’ or ‘Profits’

They like ‘ Potential’ or ‘Expansion’

This means many Companies in US are almost always heavily bloated with very little Real Assets

So in a sense US is mostly like India. They do nothing until a company folds and then its Chapter 11 and in some cases - FBI investigations or SEC investigations

So when a Company crashes - its Perception or Potential crashes and its Value crashes.

In China - Value is all about ASSETS

China doesnt like words like ‘Potential’ or ‘Closing a Deal’ etc.

They like Hard Core Assets - Land, Contracts, Trade Deals, Gold, Jade, Coal , Gas Pipelines are what they love.

So when a Company crashes - It always has Assets to back it up and these Assets manage to salvage a big chunk of Value

So thats what is helping China ignore Evergrande or even a Real Estate Crisis while if this was happening in US or even India - people would be scrambling for cover.

Yet while Economists are good - they simply dont think like a Chinese or know the Chinese System

My Associate Lawyer in Singapore told me how Westerners focussed on Huge Office Space whereas a CHinese office was a small 15X10 enclosure and yet you had 10 times larger deals floating through the same.

Likewise Most Western Personal Debts are based on paperwork etc. Most Chinese Personal Debts are given based on just the mans face and his Chop (Chop is a personalized Stamp like thing with Unique Chinese characters)

So those who make Predictions on China - Just dont understand how China works

Its why Singapore never makes Predictions on China. They simply report the US Predictions and Laugh because They are Chinese too.

Likewise South Korea understands the Chinese Way as does Taiwan and even HK

Thats why South East Asia really didnt care too much about Evergrande. They just reported what the West said but ignored it.

Thats why South East Asia scrambled in Panic when Lehman Brothers folded. They also know how US works and knew how big a crisis it was.

Just change your glasses and wear a Chinese one - and you will see just how different Chinese Business is compared to the Western models
 
 
 
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