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China is becoming a data black hole, says short seller Aandahl

83 点作者 hker超过 1 年前

8 条评论

0dayz超过 1 年前
China represents the perfect argument for why aristocratic and or authoritarian regimes inevitably collapses, due to lack of sustainable procedures and viewing social and especially political progress as a threat.<p>1st is that fascistic regimes is in theory one of the most efficient government you can have as you can easily circumvent due process and fast track whatever you want.<p>However in practice only investing or making the decision happen is what gets fast tracked, the actual task of running saif facility is another story entirely, where sustainable practices will degrade and corruption, stagnation and negligence will grow.<p>2nd is due to the lack of political, cultural and social research, innovation and development.<p>Instead the (hardliners of) CCP (like Xi Jinping) views these as fundamental threat to their rule, however these are just as crucial to your society as economic, scientific and technological research, innovation and development is.<p>It&#x27;s why we in the west still have democracy, democracy is a lot more inefficient but its very flexible and sustainable.<p>The issue is even we haven&#x27;t been focusing on these 3 policy areas as such we see certain negative cultural, political and social stagnation and degradation due to the insistence of neopolitics (neo-con, neo-lib, third way) that we only need to focus on economic, technological and scientific progress.
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jemmyw超过 1 年前
China&#x27;s leadership seem fairly intent recently on destroying the areas where China&#x27;s economy was picking up. Tech companies, software developers, and now anything innovative that would benefit from external investment to get off the ground.
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Beijinger超过 1 年前
China has an uncanning ability to shot herself in the knee. Best example would be the fleed of Zheng He.<p>&quot;He was buried at sea, and the fleet turned back to China. Soon after, the emperor, supported by Confucian officials, ordered the ships to be burned and outlawed most maritime trade. In what was a purely political move, all official records of the voyages were systematically destroyed.&quot;<p>This fleet was light-years ahead of what Columbus had available. But it was Europe who conquered the world and colonized the so called new world, not China.
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rob74超过 1 年前
&gt; <i>China’s restrictions on overseas access to data are driving investors away, according to short seller Blue Orca Capital LLC</i><p>If (big if, I know) only short sellers are complaining, that&#x27;s probably a good thing...
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renegade-otter超过 1 年前
The fans of &quot;illiberal democracies&quot; should probably pay attention - and China is not anywhere near a democracy.<p>When your system relies on the whims of a single man, who sooner or later will become much smaller than his ego, bad things are going to happen.<p>Not going to psychologically profile Xi here, but he really reminds me of the Valley and crypto bros who walked into easy money during the past decade and are now convinced they are financial and leadership prodigies.<p>Also:<p><a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2023&#x2F;10&#x2F;16&#x2F;business&#x2F;china-evergrande-country-garden.html?searchResultPosition=2" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2023&#x2F;10&#x2F;16&#x2F;business&#x2F;china-evergrande...</a>
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dalbasal超过 1 年前
I feel like economics has gone backwards, for generations now, in its understanding of monetary&#x2F;debt&#x2F;macroeconomic inflation.<p>I don&#x27;t think we ha &quot;The Answer&quot; before. But now we don&#x27;t even have the questions anymore.<p>A country&#x2F;economy can&#x27;t &quot;borrow from the future,&quot; or save for the future. We can invest in the future. We can eat the seedcorn, but those are very limited.<p>China used debt creation, like other economies did&#x2F;do to catalyze increased economic activity. That economic activity is from the present, not the future. Present construction workers doing work, getting paid..<p>It demonstrably represents economic potential being realised. The &quot;unsustainable&quot; part is the debt. Meanwhile, paying back the debt (the economy as a whole) creates the reverse process. Economic activity recedes.<p>I think the prevalence of &quot;jubilee&quot; in ancient culture is a clue. Economies really do need a debt cancellation mechanism to be stable. Bankruptcy is insufficiently scalable.<p>The west&#x27;s &quot;solution&quot; has been nationalisation of debt. But, instead of a preprepared plan, it&#x27;s a chaotic, emergency event that only a handful of bankers understand before it&#x27;s too late.<p>We need some new ideas here. China too.
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berserk1010超过 1 年前
Did China&#x27;s youth jobless rate really hit 46.5%? <a href="https:&#x2F;&#x2F;asia.nikkei.com&#x2F;Spotlight&#x2F;Caixin&#x2F;Did-China-s-youth-jobless-rate-really-hit-46.5" rel="nofollow noreferrer">https:&#x2F;&#x2F;asia.nikkei.com&#x2F;Spotlight&#x2F;Caixin&#x2F;Did-China-s-youth-j...</a><p>takes into account the Chinese youth&#x27;s laying flat and full time children movement.
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lgvln超过 1 年前
“Black hole” is probably the wrong metaphor here, supernova might be more appropriate - repulsing investors&#x2F;data, not attracting them.