China Economy Forum

[carly]

Not the absolute majority, but I say around 30-40%, since the Ningbonese is the most dominant Zhejiangnese group in Shanghai.

I don't mean population. I mean the wealth. If you check the richest Shanghainese, most of them are from Zhejiang.

 

[ChineseTiger1986]

I don't mean population. I mean the wealth. If you check the richest Shanghainese, most of them are from Zhejiang.

To show off the wealth is too backward thinking in the modern China, since we are not living in the old KMT era anymore.

We should talk about the modern scientific contribution, since the whole Jiangnan region contributes a huge gene pool for the scientists, so it is what really matters.

 

[carly]

To show off the wealth is too backward thinking in the modern China, since we are not living in the old KMT era anymore.

We should talk about the modern scientific contribution, since the whole Jiangnan region contributes a huge gene pool for the scientists, so it is what really matters.

Wealth is the most important. Any scientific achievement cannot be turned into wealth are useless. Men dies for Wealth, Birds die for Food. Scientific research are also a kind of economic activities. All economic activities cannot make ends meet will bankrupt.

 

[ChineseTiger1986]

Wealth is the most important. Any scientific achievement cannot be turned into wealth are useless. Men dies for Wealth, Birds die for Food. Scientific research are also a kind of economic activities. All economic activities cannot make ends meet will bankrupt.

Sorry, the wealth has to be distributed equally, since the exploitation based on the primitive capitalism is not good.

Overall, Zhejiang doesn't have the richest man in China, but overall its wealth is more equally distributed than the rest part of China. That's what really matters.

The wealth has to be applied properly for the scientific development and to improve the life standard for the majority. That's how our society will advance.

During the KMT era, only few oligarchs were super rich, while the rest of China was like Africa. So this kind of society is not what we want.

 

[j20dragon]

Superfish Inc. is a US company with one other office in Israel.

Interesting, indeed!

LOL

 

[Hamartia Antidote]

There is a reason why the US government never raised an issue with Superfish. It is not a mandatory installation in China. Looks like only mandatory in US and other NSA controlled countries.

Lenovo installed it not the US government. Not installed by any other PC maker.

 

[carly]

Sorry, the wealth has to be distributed equally, since the exploitation based on the primitive capitalism is not good.

Overall, Zhejiang doesn't have the richest man in China, but overall its wealth is more equally distributed than the rest part of China. That's what really matters.

The wealth has to be applied properly for the scientific development and to improve the life standard for the majority. That's how our society will advance.

During the KMT era, only few oligarchs were super rich, while the rest of China was like Africa. So this kind of society is not what we want.

Equal distribution won't work as proved by Soviet Union since this doesn't encourage hard-working merits. Europe Union is also collapsing because of the thought of equal distribution.
I would rather say fair distribution. Hard working people earn more and disabled people get compensations. A major difference of communism vs. socialism is equal distribution vs. fair distribution.

As long as rich people and powerful official do not obtain wealth due to their wealth and powers, the society will be good. I do not like the free capitalism in USA either, which gives unlimited power to the money. An ideal society should have power and money contain each other.

 

[ChineseTiger1986]

Equal distribution won't work as proved by Soviet Union since this doesn't encourage hard-working merits. Europe Union is also collapsing because of the thought of equal distribution.
I would rather say fair distribution. Hard working people earn more and disabled people get compensations. A major difference of communism vs. socialism is equal distribution vs. fair distribution.

Some people like Jack Ma indeed deserve to earn more.

I mean the fair distribution, since the absolute equal distribution is also impossible.

But some oligarchs who have literally zero contribution to the society while with their pocket deep, they deserve to get thrown into the jail and to get executed.

KMT has literally fcked up China with this huge wealth discrepance, that why they eventually lose their regime.

I don't like those people who get super rich by playing with the real estate. What contribution they have made so far? Except to fck up the housing price.

 

[j20dragon]

Lenovo installed it not the US government. Not installed by any other PC maker.

Who know? The NSA can hack easily into Lenovo and install your "Superfish Inc" to put us down to your level. I smell a fishy campaign launch by NSA here. A tit for tat move. However you blame the wrong hand that feed you. It was a Russian security firm at red flag your hack. Not us, why harm us? We are innocent! LOL

 

[carly]

Some people like Jack Ma indeed deserve to earn more.

I mean the fair distribution, since the absolute equal distribution is also impossible.

But some oligarchs who have literally zero contribution to the society while with their pocket deep, they deserve to get thrown into the jail and to get executed.

KMT has literally fcked up China with this huge wealth discrepance, that why they eventually lose their regime.

I don't like those people who get super rich by playing with the real estate. What contribution they have made so far? Except to fck up the housing price.

KMT's fall is more related to its inability to unify China and manage China, not just wealth discrepance.

Those real estate mogul made the contribution by taking the financial risks. If their investments fail, they may have to commit suicides. you see the success of a few but you may not see the failure of many. Financial risks are very important part of the economy. All business have business risks. Financial industries help reduce the risks. In China, the government and the state owned companies take most financial risks. Ordinary people take this as granted. This doesn't help Chinese people's ability for risk management. That's why Chinese behavior on real estate and stocks are more like gambles, instead of risk managements.

 

[BoQ77]

Who know? The NSA can hack easily into Lenovo and install your "Superfish Inc" to put us down to your level. I smell a fishy campaign launch by NSA here. A tit for tat move. However you blame the wrong hand that feed you. It was a Russian security firm at red flag your hack. Not us, why harm us? We are innocent! LOL

And Lenovo would be victim

 

[ChineseTiger1986]

KMT's fall is more related to its inability to unify China and manage China, not just wealth discrepance.

Those real estate mogul made the contribution by taking the financial risks. If their investments fail, they may have to commit suicides. you see the success of a few but you may not see the failure of many. Financial risks are very important part of the economy. All business have business risks. Financial industries help reduce the risks. In China, the government and the state owned companies take most financial risks. Ordinary people take this as granted. This doesn't help Chinese people's ability for risk management. That's why Chinese behavior on real estate and stocks are more like gambles, instead of risk managements.

As for those real estate domains, I think the government should set up the higher regulation, while allow the competition from the private enterprises.

The government state owned enterprise should focus more on the strategic domains that link more to the national security.

Too much SOE involvement into the real estate is also not good, since they may create a lot of small group parasites, so the competition from the private enterprises is good.

BTW, the KMT has also fcked up China's economy with those huge wealth discrepancy.

Otherwise, why there was hyperinflation during the end of their reign?

金圓券 - 维基百科，自由的百科全书

 

[j20dragon]

And Lenovo would be victim

Lenovo is completely being victimized in this campaign that wage by the US and Russia. I feel sorry for Lenovo. The US tit for tat but it wasn't us that expose their dirty tactic.

 

[BoQ77]

We should investigate this case carefully.
Do you have any clue to doubt about NSA hands ?

Who know? The NSA can hack easily into Lenovo and install your "Superfish Inc" to put us down to your level. I smell a fishy campaign launch by NSA here. A tit for tat move. However you blame the wrong hand that feed you. It was a Russian security firm at red flag your hack.

 

[carly]

I think the main problem for chinese real estate is the lack of real estate tax. The lack of tax allows many people to accumulate houses without any cost. As soon as the government starts to tax real estate, the housing pricing will drop. But this will hurt the interest group with many real estate assets. So this is the battle between people and the interest group.

As soon as the real estate tax is present, the government can let foreigners to buy chinese housing too and earn a big chunk of foreign currency cleanly, just as United States is doing.