US stock market is manipulated by the Fed. You can see the economy in a 30% recession and stocks growing; it doesn't mean anything. Chinese tech develops faster than American tech every day. That means something."In March, everything went down in the dash for liquidity, even Amazon. From the bottom of the market (on 23rd March) to 11th August, US technology stocks are up almost 60% and up c. 23% since the beginning of the year. In US dollar terms, Apple is up 50%, Microsoft is up 30%, Facebook is up 25% and Spotify is up 70%. It is truly astonishing.
The Nasdaq, crudely, is back to the giddy days of 2000, before the dotcom bust. The value of the ‘Fab Five’ – Apple, Microsoft, Amazon, Google and Facebook – is more than the stock markets of several western economies. Indeed, taken together, Microsoft and Apple are more valuable than the entire German stock market.*"
US tech is skyrocketing. The idea that the pandemic has brought the US low and China can beat this and doesn't need to improve its relations with the US is dead wrong.
"In March, everything went down in the dash for liquidity, even Amazon. From the bottom of the market (on 23rd March) to 11th August, US technology stocks are up almost 60% and up c. 23% since the beginning of the year. In US dollar terms, Apple is up 50%, Microsoft is up 30%, Facebook is up 25% and Spotify is up 70%. It is truly astonishing.
The Nasdaq, crudely, is back to the giddy days of 2000, before the dotcom bust. The value of the ‘Fab Five’ – Apple, Microsoft, Amazon, Google and Facebook – is more than the stock markets of several western economies. Indeed, taken together, Microsoft and Apple are more valuable than the entire German stock market.*"
US tech is skyrocketing. The idea that the pandemic has brought the US low and China can beat this and doesn't need to improve its relations with the US is dead wrong.
@GatekeeperUS stock market is manipulated by the Fed. You can see the economy in a 30% recession and stocks growing; it doesn't mean anything.
China doesn't need to improve relations with the US because they are natural competitors, frenemies at best. If China needs good relations with its main nemesis to rise because it cannot do so on its own power, then it doesn't deserve to rise at all. Your idea is futile and stupid as always. If your mind is just too dead to see that, we can do an exercise for your education: you should try improving relations with me and I'll show you how impossible it is first hand and we don't even have a natural rivalry.
Why?US tech is skyrocketing. The idea that the pandemic has brought the US low and China can beat this and doesn't need to improve its relations with the US is dead wrong.
Why?
If you cannot explain why, then this is straight propaganda.
Apple hardly even qualifies as a tech company; it makes overpriced phones with customer service that cheats its customers out of more money at every turn. It's just about money for Apple. Tencent and Huawei are actually tech companies working to forward Chinese tech. If Huawei turned into a Chinese Apple, that would be a major victory for the US.Their market valuation is skyrocketing because people can see they are succeeding.
Apple's revenue is $59 billion a quarter.
China's biggest tech company, Tencent, makes $16 billion a quarter.
People need to let go of the idea that somehow acknowledging the reality of US strength in economics is "trolling" or "anti-China". It doesn't help a weak fighter to have him convinced he can beat a stronger fighter. If you are truly on the side of the weak fighter, you will want him to know he is weak. It's pro-China to advocate China acknowledges reality and makes policy accordingly.