Be the first to like this.
5 comment(s). Last comment by FortuneBull777 2023-05-31 15:29
Posted by FortuneBull777 > 2023-05-31 15:18 | Report Abuse
Yeah, the exit of CCP old guards who were very good in handling international and domestic economy, replaced by Xi's boys already showing impact!
The prolong China lockdown of course dented China economy by huge margin! When the rest of the world opened, Chairman Xi extend Covid lockdown for another year!
It was a total disaster! The sudden reopening of course saw millions Covid related death! If China has reopened like the rest of the world, China could have seen a very resilient economy!
Is China economy really that bad! Depends!
If you look at China unemployment rate which is at 20%, it's a disaster! Never before China seen such huge unemployment among their young generation! China is in fact experiencing a lost generation at the moment just like what Japan had experience! However, in case of Japan, the lost generation was due to overinvesting in analog technology when the world was moving towards digital era! Many credited Japan lost generation to US vs Japan technological war but no, it was due to Japan's inability to switch to newer digital technology! Sony was so into their DVDcentric when digital format of audio and video were gaining traction! Today, DVD is such rarity! But you can still order new old DVD related stocks from Japan! Japan has warehouses full of this relics!
Posted by FortuneBull777 > 2023-05-31 15:21 | Report Abuse
However, i won't cast doom in China! That's because, China is now world leader in EV! China superior battery easily technology eclipse that of EU and US!
Even Japan can only offer mediocre EV to market despite been the first to mass produced EV, the Nissan Leaf! And also Japan was first to introduce hybrid technology, Toyota Prius!
Posted by FortuneBull777 > 2023-05-31 15:24 | Report Abuse
But overall, China may lose it's world factory status to other nations! Vietnam is now Asian New Tiger! Indonesia may overtake China as new cheap fix for US consumers! Even Mexico is fast growing into industrial nation! But the shift in supply chain may not be smooth sailing! Vietnam is very good due to it's more competent human resources! But Indonesia may not be up to expectation!
Posted by FortuneBull777 > 2023-05-31 15:26 | Report Abuse
China will growth weak in many areas going forward! The days of producing cheap fix for US is over! But China may have to work harder to maintain and surpass the west in high tech industries!
Eventually China will succeed in mastering chip manufacturing, that i am sure of! Once that is accomplished, Taiwan has nothing to offer!
Posted by FortuneBull777 > 2023-05-31 15:29 | Report Abuse
But don't expect China to be the same China that we used to know! There will be plenty of disappointing news coming from China!
Without US, China will not see it's glorious days! Unless of course if China tap into Asia population which is 60% of global population!
The good news is, we should see flood of cheap China goods! Basically, one can fill your house with almost everything china at fraction of the cost!
No result.
1
3
6
8
save malaysia!
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by FortuneBull777 > 2023-05-31 15:11 | Report Abuse
Investment!