jamesaurichs

6 ms·

1.
by jamesaurichs 3y ago
Yeah, I'm sorry to break a nationalist's heart. China needs foreign investment to survive, otherwise its 22% youth unemployment rate, 3 of its biggest real estate companies being bankrupt, local government's $12 trillion deb
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by jamesaurichs 3y ago
Xi is losing it everywhere; - internal purging of military senior officials. 5 out of the 7 senior officials are now missing in action. https://www.newsweek.com/china-defence-minister-li-shangfu-m... . Very similar to Mao
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by jamesaurichs 3y ago
There's going to be a lot of Russian and Chinese interference in American politics in 2024 for sure
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by jamesaurichs 3y ago
silver lake is a private equity firm, pretty famous on hacker news
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by jamesaurichs 3y ago
I would beg to differ. A lot of game developers watch gaming streams. There's a reason why cohhcarnage was asked to voice in cyberpunk and baldur's gate 3, and why blizzard personnels will respond to asmongold directly
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by jamesaurichs 3y ago
They have greatly damaged their users and their indirect users' trust. When big time streamers like cohhcarnage and asmongold directly replies to unity and tell them how much they have messed up https://twitter.com/Coh
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by jamesaurichs 3y ago
the stock is doomed, check out asmongold's video https://www.youtube.com/watch?v=hNXQ2bYik78 . more importantly, insiders have been selling a ton, for example the founder of iron source. Silver lake sold all of theirs
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by jamesaurichs 3y ago
Note that this OP probably has some agenda against dollar, being that in another comment before https://news.ycombinator.com/item?id=37046128#37047171 they said "Yeah, for example China's position of overwhelming
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by jamesaurichs 3y ago
"Chinese factories haven't slowed down and Chinese GDP is still rising" This line is so wrong. You can't have 22% (at least) youth unemployment rate, and 19th straight month collapsing land sales revenue https:/&#
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by jamesaurichs 3y ago
1.) "The demand side is mostly people buying second and third units as investments." that is incorrect. Most purchases are first purchases from couples that want to get married, and a home purchase is a required dowry from men t
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by jamesaurichs 3y ago
There are a number, and I mean a large number of issues. I'll just pick a few 1.) as of 2021, There are nearly 800 unfinished Evergrande projects in more than 200 cities across China. https://www.nytimes.com/2021&#x2F
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by jamesaurichs 3y ago
https://sg.news.yahoo.com/beijing-replaces-english-words-sub... The English word “station” was replaced with “Zhan,” which is the pinyin or romanised version of the Chinese character. In some places, station names such as O
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by jamesaurichs 3y ago
If there are any business to do in China in the next 10-20 years. Foreign investment in China is down 90% this year. Again, international travel in China is down 97% this year. Apparently everyone else except hacker news readers are awar
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by jamesaurichs 3y ago
English IS the global lingua franca TODAY, used by most travelers to navigate through an unknown environment. if the signs in China are not translated into English TODAY, then there's no reason to go there TODAY.
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by jamesaurichs 3y ago
Here are some conjectures: 1.) There is a very high dislike of China across the world. Large majorities in most of the 19 countries surveyed have negative views of China https://www.pewresearch.org/global/2022/06&#
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by jamesaurichs 3y ago
There is 0 reason to learn mandarin if you're doing it for travel/business reasons In Taiwan street signs do mostly have English translations. A lot of citizens speak English, especially night market vendors. You'll also ha
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by jamesaurichs 3y ago
The young generation of Iran doesn't buy into the whole blaming the US thing for something that happened 70 years (1 generation!!) ago - which the US tried to install a more westernized leader. A lot of anti-US people with agenda want
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by jamesaurichs 3y ago
Some real estate related news from China: - Country garden, China's second biggest property company after Evergrande, missed a mere 22.5M payments for dollar denominated bonds. It is trying to restructure a $340B debt owned. https:&#
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by jamesaurichs 3y ago
If we're talking about the contents on TikTok, there's probably a very good reason why the ultimate owner of TikTok, the Chinese government, wants that kind of content to be the majority sentiment on the platform.
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by jamesaurichs 3y ago
US seems to be in a hardware/science renaissance, now that there is a new Cold War enemy, and manufacturing and research are being brought back to US.
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by jamesaurichs 3y ago
Tesla creates American jobs for the poor to work in manufacturing SpaceX creates aspiration for the poor Google allows the poor to advertise their product to anyone in the world cheaply Facebook allows the poor to market their product to an
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by jamesaurichs 3y ago
We get more rockets (literally), faster. We get Tesla, SpaceX, Google, Facebook, AirBnB, Stripe, etc...
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by jamesaurichs 3y ago
The built-in culture of risk taking in US can't be underestimated. Yes, we joke about Florida man and lament about the excess funding for startups. But with great risk comes great reward, and chances for inexperienced founders to pro
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by jamesaurichs 3y ago
With numbers like 1.) YOUTH UNEMPLOYMENT is somewhere between 20% and 50%, 2.) 95% decrease in FDI https://unherd.com/thepost/foreign-investment-plummets-as-th... 3.) double digit plunge in import and export in July h
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by jamesaurichs 3y ago
Kyle Bass had a great tweet recently on this too: China's REPORTED GDP 'growth' for 2022 was +2.9%. In a year where Chinese LNG demand was down 22%, their real estate market (which represents 33% of Chinese GDP) was in the m
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by jamesaurichs 3y ago
People aren't. latest number is showing that traveling to China collapsed 95%. incidentally, FDI collapsed "in the second quarter of 2023 foreign investors “only put about $5bn of fresh capital into China […] in 2021, we saw clo
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by jamesaurichs 3y ago
China is rue(ing?) right now. China's local governments are dealing with a monumental local debt crisis from real estate fallout, and incidentally from too many built out unused rails and highways. And the center government has alrea
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by jamesaurichs 3y ago
Thanks. I think having a few solid rails for really populars route is justified. The issue is building too many of these rails to where ridership is not even enough to produce a profit in the beginning, let alone sustain it forever. Also
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by jamesaurichs 3y ago
US is actually smart enough to avoid big infrastructure debts. According to wikipedia, China has a 900B debt from high speed rails https://en.wikipedia.org/wiki/High-speed_rail_in_China .