Friday, March 18, 2022

My investment in China tech stocks

 I share the results of my investment in China tech stocks.

1 comment:

  1. Learn to speak Chinese...

    



    Learn to speak Chinese...
    The last paragraph says it all. Ah-So
    Four reasons why China is fast becoming the dominant power in the world...
    1. They have a very low tolerance for crime. The death sentence is swiftly and routinely used for terrorists, murderers and drug traffickers.
    2. Very low tolerance for Religion. They do not believe there is a Magic man in the sky. No such thing as a God. Almost no religious killings, and getting rid of the Indigenous Chinese Muslim population as fast as they can.
    3. They have not been involved in any expensive wars or invaded any country for the last seventy years.
    4. Their primary weapon of choice to conquer the world is Finance, and countries around the world are falling fast. Not just the USA but all world is in trouble. In the near future, China will employ millions of American workers and dominate thousands of small communities all over the United States. Chinese acquisition of US businesses set a new all-time record last year, and it is on pace to shatter that record this year. The Smithfield Foods acquisition is a great example. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 US states, and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with about 2,100 others. But now a Chinese company has bought it for $ 4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America. Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend. They are only just starting to exercise their economic muscle.
    It is important to keep in mind that there is often not much of a difference between "the Chinese government" and "the Chinese corporations". In 2011, 43 percent of all profits in China were produced by companies where the Chinese government had a controlling interest. Last year a Chinese company spent $2.6B to purchase AMC entertainment, one of the largest movie theater chains in the United States. Chinese companies control more movie ticket sales than anyone else in the world. But China is not just relying on acquisitions to expand its economic power. "Economic beachheads" are being established all over America. For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100M plant in Thomasville, Alabama. Many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on Communist China.

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