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by mikechen233
2262 days ago
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Just today telsa sold 10000 cars in the Shanghai factory in March and Tesla stock jumped as result. I have a feeling that with Europe and US in continue lock down, China is going to support a huge number businesses. Looking at a number of Western business, all cite china has a very important market. Everyone of them earned a ton of money from that market. Some manufacturing will leave china, but if business want to access that market, they will continue to be near that market meaning involve China as part of the supply chain. On side note, ccp and China has brought a lot to Chinese people, wealth, stability, and education. 800 million was lifted out of property in the last 30 years. Chinese middle class is more than the entire US population. As a Chinese person, I no longer has to worry about whether I will have enough food or clothing. Nowadays I am interested which iPhone I can buy and which Nike shoes I like. To say the government doesn't care about the well being of the citizens is dishonest at best. All of this has given and will continue give a massive opportunity to foreign business. Hundreds of billion of dollars of cooperate profits per year. If we cut earnings from China out of companies on SPY, how much is the stock market valuation is going to drop by? So next time if you want to bash and vilify China and ccp using fake news, think about how much China and ccp contributed to your retirement fund. I have more than happy to discuss China and it's policies using facts, data and reason. But it's the smearing and vilification using fake news I cannot stand. And of course it's not perfect in anyway. Internet information regulations and media control is one of them. But I feel people outside don't really understand this country and it's government. They say the government oppresses and doesn't care about the people. Yet a majority of people feels the complete opposite in their daily lives. |
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