Chinese Economics Thread
- Thread starter Norfolk
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Also they should buy more ethereum.
I think US and CN gov are the biggest holder of bitcoin right?
These virtual commodities have now shifted from hype to government-backed "digital gold," with numerous wealthy individuals converting their holdings of U.S. Treasury bonds, stocks, and gold into Bitcoin. Yet this does not alter its non-productive nature—it remains a capital game where wealth shifts between different assets while detaching from the real economy.
The subject article:
supercat
Colonel
It should be year-on-year comparison. I'm not sure if the summer of 2025 is much hotter than the summer of 2024.
A rebuttal to Nikkei Asia's report about China's tool makers:
I don't know, the rule in economics is that more there is of something the cheaper it gets, I think that as predicted, outside China fabs are going to question why they have to spend more in expensive tools when they can buy tools, software and material for a cheaper price. But hey, stooges wanted this, with their "buh muh market share" argument as an excuse to impose extinction level export controls.
Bytedance is still a private company. Hard to believe they have held on for this long.
“The Chip EQUIP Act is an obvious, easy action Congress can take for starters, but even that has been difficult to get through [some] industry objections over the past couple of years <maybe, just maybe, because this exact predicament?> ... The US needs to prevent China from being able to indigenously produce tools by controlling access to critical sub-components, and prevent PRC toolmakers' entry into US fabs at a minimum — ideally other markets as well.”
Then they will develop a critical sub-components industry AND they are developing critical sub-component industry to much of the horror of US companies like MKS, everybody hears about Naura but nobody knows of Fortune Precision, probably as big as Naura. And then what? Critical materials and minerals? Oh China control that already. US stooges are the definition of insanity.
Then they will develop a critical sub-components industry AND they are developing critical sub-component industry to much of the horror of US companies like MKS, everybody hears about Naura but nobody knows of Fortune Precision, probably as big as Naura. And then what? Critical materials and minerals? Oh China control that already. US stooges are the definition of insanity.