China = America - What Now?
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- čas přidán 27. 06. 2024
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Western media is filled with headlines about the rise of American big tech monopolies like Apple, Google, Facebook, and Amazon. These companies control basically every portion of our social, financial, work, and entertainment lives. But, another set of companies that is often overlooked is big tech companies from China. For the longest time, companies like Tencent, Baidu, and Pinduoduo were largely limited to China, but over the past 5 years, they’ve been expanding internationally and a rapid pace. Tencent has a stake in basically every Western game company that you can think of. Bytedance is killing it with TikTok, and most recently, Pinduoduo has risen to new heights with the help of Temu. This video explains the rise of Chinese big tech giants and the future of American big tech vs Chinese big tech.
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Timestamps:
0:00 - China’s Dominance
2:48 - Phase 1: Returning To The Homeland
5:53 - Phase 2: Cultivating Giants At Home
9:00 - Phase 3: Cashing In Globally
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To be fair, the Chinese market is so much bigger that the American one, although the American is almost always the more profitable market anywhere in the world
For now hahaha
@TH-dr1kg Even just considering the Chinese middle and upper class i.e. their consumer market, it's still larger than the US' total population. There's a reason the iPhone sells more in China than even in the US.
chinese income can be lower, but everything is cheap in china: food, transportation, education, etc. you can watch many youtubers going to china to see everything firsthand.
India market is also so much bigger but none of Indian companies (despite licking American boots) are making it as much as China companies. This shows Chinese companies have gone leaps and bounds despite all the trade sanctions by sour grapes WEST.
@TH-dr1kg that's all? no proof?
What this means is that China is now another developed market everyone should consider while analyzing the world. There was US and Europe, now there is US, Europe and China.
OK, you go invest in China. Look at stock market returns in the top 500 US companies over the last 15 years and compare them to China's top 500 and tell me where any sane person would put their money.
They have a long way to go to be fully developed. Current Chinese GDP per capita (per World Bank) is comparable to Russia's at ~$12,500/yr. By comparison the US's GDP per capita is 5.6 times larger and the EU's is ~43,000/yr. This isn't to say that China doesn't have a large and relatively wealthy middle class. However, China's middle class makes far less than most westerners and they still have an enormous number of low income people mainly living in rural areas, estimated to be 477M in 2023.
The average earning in china per annum are like 10 grand. That's not developed, that's some cities are developed and the rural centres are backwaters. China relies on population too much, and we all know how that's going.
Except those development figures are manipulated by numbers released by the CCP. Even those numbers are looking bleak after the housing mortgage crisis that occurred and it’s current issues with deflation due to decreases in consumer confidence. For a country that tried so hard to look developed, they’re anything but (except a few cities like Beijing and Shanghai). Imagine attempting to buy a house only to be told it would be completed in ten years, then finding out your money was used to build someone else’s home without the companies having funds to build yours anymore. That’s what we call a Ponzi scheme but with houses.
Western market also crash every 10 years or so. Opportunities are what you make of it.
But what funniest is those who contribute and achieve absolutely nothing, still unemployed and use said GDP to feel better than others.
I doubt some poor rednecks would actually care about average Chinese when they dont even care about average Americans living paycheck to paycheck.
"The CEO of TikTok was born in Singapore and then studied in the UK and America before going back to China"
Are you a US senator?
Singapore isn't part of China. Never has been.
He was saying about his chinese ancestory
@@anushagr14The way he phrased it is weird. It seems to intentionally mislead people that the CEO of TikTok is a Chinese citizen. How can a citizen of another country that is not China “return to China”? Ethnicity is not nationality.
It is like I am telling all the whites in USA that went to Europe on a vacation that they “returned to Europe”. Wut???
The US senator was right. To do business in China, you have to comply with CCP rules.
Singapore is or not part of China is none of US business. You don't need to explain.
He's actually clueless sometimes
12:01 "This isn't to say that the American giants are done."
*names Mercedes, BMW and Volkswagen (all 3 German Companies)
Also the part where TikTok CEO return to China. Bruh he ain’t even a Chinese citizen, he holds Singapore passport. How can you return to China if you don’t hold Chinese citizenship in the first place.
It is like I say, all the whites from USA who went to Europe for vacation “return to Europe”. It doesn’t make sense, they are from USA by citizenship!
Yeah I thought that was weird
@@musicloveranthonyi mean its a straight up propaganda channel just the opposite of zeihan while zeihan says china is weak he says china is strong so you need to fear china
He was talking about Western companies rather than just American ones.
One thing you got it wrong dude. Google, Microsoft or other US tech companies left China because they didn't want to follow Chinese regulations. Chips companies like Qualcom or Nvidia were simply not allowed to sell high-end products to China
Competition is always good
Usa hates competition and just bans everything
Monopolies, however...
When it comes to big tech its kind of more like a competition to see who can make the stupidest decisions
I think America's downturn started decades ago, when Bell Labs became AT&T Bell Labs. Goodbye pure science for long term gain, hello quarterly profits being the new main goal,which benefit mostly C-Suite executives.
I understand what you are saying and agree with your overall premise, but your example is bad. Bell Labs had always been owned by AT&T, the name change was meaningless.
Man the misinfo which is spreading
You analysis is half correct, that time china was growing very fast and Chinese internet did not allow any american tech company to enter fully, so it maid sense as a Chinese person that start a company with same business model in china and the protection policy of the Chinese government, the homegrown companies were able to grow unchanged. That is why today they are Giants and only based in China, mostly. And right now they’re expanding
Many American tech companies entered China and failed, including Google, Amazon, EBay, Cisco, Uber, etc Microsoft is still operating in China, so does IBM.
@@zsarimaxim692 Americans tech company don’t understand the Chinese’s mindset and market dynamics which is completely different from western markets
I have seen this misconception a lot, it's not that China did not allow any American tech. It's because China has stricter censorship, they asked American tech to follow the censorship laws, but they wouldn't, so for example, Google left China voluntarily in 2009. They could've made 2 versions like Tiktok, but they didn't. You don't believe me? Ask Kai-Fu Lee. lol
No they founded company way before american companies left. The biggest reason was lax copyright and patent regulation. Chinese can copy any tech quickly and get away with no fines
@@SambaranBanerjee8 the chinese simply prefer chinese products to westerners...makes sense.
In the name of balance I think we have to acknowledge that Evergrande, One of the largest Chinese property developers in the world has just gone into receivership with debts in excess of $300 billion. The economy is also suffering year on year deflation so I think it is not at all clear what the future holds for China economically speaking.
That is true, we’ll have to see how the fall out looks like
Very stupid to keep saying $300 billion debt without mentioning they also have $240 billion of assets. Net debt is still huge but not $300 billion.
"We don't know what the future holds" that's why european and western companies in general want access to chinese market... yeah go away with your BS
And we have $34T in debt. RIP Economy
One thing to note about Chinese debt is that it's kinda similar to Japanese debt - almost all of it is held inside China itself. This applies to both govt. and corporate debt. So unlike a country like, say Sri Lanka, China isn't gonna bleed money to the outside world. Quite the opposite in fact - China is currently the world's largest creditor, with nations all over the world indebted to it.
As a American I understand the playing field and as accepted the facts my mobile 📱 is Chinese a OnePlus I know The United States will keep on innovating in technology but Chinese Tech conglomerate make great products also like BYD's Cars, the American government will never allow these Tech companies sell their products in the USA which is sad in my in my opinion.
Well chinese smartphones are cheaper cause they are full of hardware bloatware and cars are:
1) deeply financiated by state investments
2) made with batteries that aren't recyclable, unlike european ones (american ones are in the same situation as chinese ones).
However... same goes for american smartphone. So the right path to follow is: 1) choose a chinese smartphone
2) choose a european electric car
I also use 1+
BYD LOL those cars catch on fire far more then any other brand
@@coprilettodelnapoli5466cope😂😂😂
Boycott US Dollar
I don't think it matters. American tech companies grew in the same way: undercut, growth above profits. But now that they've reached market saturation, they need to raise prices. Chinese tech companies will have the same issue. They can grow all they want and may end up with market domination, but in the end they're going to have to start making profits too, and when that happens, another company will start eating into their market share with the same strategy: undercut, growth above profits. It's just a cycle.
I have lived in china for over 4 years now, I use pinduoduo for almost any shopping, I rarely use taobao the alibaba's main land version even tho it was the most popular, pinduoduo managed to dethrone them by just making everything cheap and they have only been around since 2015 if am not mistaken. like its unbelievable how convinient it is.
well said! all works so well fast in China
Dear @LogicallyAnswered Hari, Singapore is NOT PART OF CHINA 4:45 . China is Central Asia and shares a border with Russia but Singapore sits at the equator. Two completely different geographies. Shou Zi Chew is Singaporean, just like me. Singapore was founded as a country in 1965, unlike China, which had a 5000+ year history before becoming the PRC we know today. So they are 2 different countries. Born in Singapore, Shou Zi Chew went to China to lead Chinese companies Xiaomi 2015 and TikTok 2021.
I think the confusion lies in the word “Chinese”. “Chinese” can mean
- citizen of China, or nationality
- of the Chinese race
In this case, Shou is of Chinese race, Singapore citizen, that went to China to work for Chinese companies (legal entities formed in China). His hometown is Singapore. He did NOT went back to China. He simply went to China to work.
To clarify, there are many Chinese (China citizens) that migrated to other countries and gained citizenship like in the US, Australia, and some southeast Asian countries, most notably Malaysia and Singapore. So there are Australian Chinese, Malaysian Chinese and Singaporean Chinese. In these 3 countries we can also find people born in India who went and gained citizenship: Australian Indians, Malaysian Indians, and Singaporean Indians (of course in the US “Indians” may refer to “American Indians”)
Your videos have a lot of impact within the community, please fact-check and make the necessary corrections so we have accurate information. Thank you.
That sounded odd to me as well, but I didn't see it as an intentional mistake, just poor phrasing
...not yet - just like Taiwan.
Yeah the video producer missed to watch the congress hearing. Otherwise he would be able to separate Singapore from China 😂😂
@@bvd_vlvd or it could be sloppy fact checking and editing. This channel outputs a steady stream of videos weekly. I am not surprise in their bid to garner for views (to earn their keep) they get sloppy with their work.
I have yet to see them issue a correction statement for some of the misquotes in their previous videos too.
He did say born in Singapore
There is no humble billionaire.
Great Video. By the way you can also add Tesla and BYD to your thumbnail :)
Come on China. Close the gap. Work harder.
This is not surprising at all China is not only big its too big to fit with the rest of the world economy imports, exports and financial power
I bought a Japanese car (Toyota) because it would last longer without the need for a lot of maintenance. Had the American brands been more reliable, I would almost certainly have gotten one to support American workers. The takeaway for American companies is simple: compete.
My dad has a Suzuki and a Toyota, he had a Ford and a Fiat but Japanese cars ended up better than the rest from what he was saying. He's excited to try the newest cheap Chinese electric cars once they hit the nearby market.
@@bvd_vlvdplease, fiat are the shittest cars (I tell you as an italian). The speciality of italians in car are sportive cars: lamborghini, ferrari, maserati, dallara, old alfa romeo.
@@coprilettodelnapoli5466 what are you yapping about he said Japanese were the best
alfa romeos are shitty cars@@coprilettodelnapoli5466
smh japanese have quality chinese stuff often dont@@bvd_vlvd
I thought TikTok was Singaporean.
I never realized how similar Xiaomi's logo looks to National Instrument's.
Fascinating topic as always thanks for the great video
I thought Spotify was from Europe.
Yep they are
They are, from Sweden
Thanks for the clarification. 😊
@@LogicallyAnswered why did you put them along with the American giants then?
many car companies he mentioned are from Europe too, I think he meant west companies
Fascinating!👍🙂
Thank you
2:33 lol at the firefox inclusion
The chinese realised supporting local companies instead of selling out to whoever was cheaper had its benefits
Because of you I'm more comfortable with temu. Thank you ser
Temu is Chinese cheap sh*t
Don't be lots of people are getting their card info stolen on temu
@@AM-ti2yg yup I mean you can’t trust some U.S. companies but all Chinese software and companies have to report to CCP id much rather hand my info to U.S. based entities lmao. But also China uses that as a means of threatening national security. So yep. And Chinese government don’t have as much regulations
@@AM-ti2yg amazon didn't???
i mean its mostly just low quality trash
Can't log into the app 😅
12:04 Well some these car companies mentioned in the video such as BMW, Volkswagen, and Mercedes are not American, they may have some partnership with America but are mostly German companies 😅
He mixed up American and West, like a lot in this video, to prove his point
@@shre6619americans think they own the entire west and japan as its colonies
You're mistakenly wrong that majority of Chinese State Owned Companies are only limited in China. In fact, a lot of them have major operations and subsidiaries outside China, for example majority of SOEs constructions have many construction projects even outside the Belt and Road Initiative participating countries, the State Grid of China has many subsidiaries in Southeast Asia.
Even huawei, i think they are the biggest network provider outside china.
they even have projects in europe...big projects, not small shit.
its a propaganda channel full of misinformation and fear mongering what do you expect
@@UCiWrMgES50tlUhV3l6NqjNA like what ? that one bridge in montonegro ? they really dont have a significant prescence in europe because europe already has companies doing it all but the chinese companies do have a large prescence in asia and africa not so much in south america
Great video
Let's go...
the only thing is that maybe the company valuation maybe same, the rate of solicon valley startups are still higher (by a lot) than chinese ones. Rate of innovation is much higher in US.
Agreed and you can’t trust these number from China they are a communist country I live here now because my girlfriend is Chinese. Most Chinese will even tell you the Chinese government hides and does not accept the fact of homeless crime and poverty because it would look bad on their country. They do a very good job of hiding it but they have just much or very close to the US and those regards so these numbers cannot be trusted and we only get the numbers from what we see which again.. can’t be trusted
I got a feeling that maybe in 5 years from now this channel will explain why China is more innovative than the US.
@@bldomain don’t think so with their downward spiral country. And they have been saying that for what 15 years now?? Lol
@@kawaiihikari0 That is what they have been saying for the past 20 years that China will spiral and collapse. But China got stronger so every year they kicked the naysayer in the groin. OUCH!!!!! As I said China has just got started and you have not seen anything yet.HAHAHA
@@bldomain nope lol China is the one saying they would pass the U.S. last 25 years lmao what are you saying. Live here now with Chinese gf not what it seems economy is crashing unemployment birth rate deflation much worse than the U.S. when I visited back in California last month. U.S. economy isn’t doing it antes but it’s still showing growth. You have no idea loll and only reason China (coming from so many Chinese people on the street I’ve talked to ) U.S. and other countries helped China 1950s they were dirt port my gf moms sister died of starvation. China didn’t grow on its own 😂 you that that was possible?? Lmaooo nah they are replicators not innovators they couldn’t innovate anything if their lives depended on it. If you’d like I can go into exact facts. Whether technology or military tech such as fighter jet technology etc how they try and copy everything and still fail at most things. There tech isn’t the best gotten much better but compared to U.S. not so.. same for military equipment
Isn't Volkswagen german
how's Spotify an American company?
Your work helps me understand the world better,God bless
I am very aware of seeing Boeing go out of busniess in favor of COMAC or Asian companies building a plane that is safer and better quality than the Boeing 737 MAX, only to see Airbus as the only sole Western company that makes commercial airplanes while Asian companies replaces Boeing do to Boeing's flaws.
Tencent’s english name is pronounced ten cent. The name is also meant to hold the same meaning.
one point to be noted , In China The CCP largely support innovation and research unlike India which is full of politics
India is full of tribalism.
Competition brings quality
hong kong and twain is not china
we all know who is better in terms of quality and less censorship
The quality is questionable.
They're citizens are coming across the border too, i can't imagine an American going to China, that's a huge step down.
@@jahjoeka cuz america preach abt freedom and human rights, no wonder it will attract poor people from all countries.
China is better both in terms of quality and censorship.
@@IamHandsome4u not just poor people. Elon wasn't poor when he came here.
Can you do an investigative piece on why China does not have any big products/players on AI and VR headset products? I find it very interesting.
Most phone manufacturers are beginning to do this kind of stuff now that apple has the vision pro. Give it a year or two
that's because you can't read Chinese, and have no access to Chinese social media.
there is AI in Chinese language.
Great video bro. It’s quite spectacular how the Chinese tech industry has grown to be near on par with American tech. European tech industry by comparison has fallen way behind. I believe the Indian tech industry will be the next global player over the next few years.
Name any indian cloud or mobile company
Vindaloo Mobile or Saagconnect
@@manishdk you honestly could say the same thing about china a decade ago. Fr fr if threads continue than anyone can compete if they are serious
India is definitely one to watch
@@Admiral-General_Aladeen that's monopoly related, which should be addressed.
Can you tell me what was your SAT score😊?
Hahaha 1520
'drug addiction and homelessness epidemic has spread to major cities such as New York, Chicago and Los Angeles. '
How could anyone trust a Chinese companies numbers?
none
first stage: denial
Copium LoL
actually China artificially kept their numbers low, in order to make Americans less nervous.
You shouldn't. But even if you don't trust the numbers, their involvement doesn't lie. This is how they want to defeat the Americans. Not from war but economics. When America focuses on the military, China is busy building their companies.
Can we really trust China?
no you need to trust biden
Hahaha
then which country should you trust?
@@umbrellastudio7481 no one: this world is a mess.
Great video as always
Thank you as always Balpreet!
🎯 Key Takeaways for quick navigation:
00:16 📈 *China now has more companies in the Fortune 500 than America, signaling its economic dominance.*
01:39 🌐 *Chinese tech companies like Tencent and Alibaba have global reach and dominance, competing directly with American counterparts.*
03:00 💡 *The rise of the Chinese tech industry traces back to immigrants returning home after studying abroad in America, leading to the founding of major companies like Baidu and Bytedance.*
06:05 🏢 *China attracted American tech companies to set up operations, providing access to talent and markets while simultaneously training its workforce.*
08:48 💼 *China's focus on cultivating homegrown tech giants, combined with global expansion strategies, has led to the emergence of companies like Tencent, Alibaba, and TikTok.*
09:17 💰 *Chinese tech companies like TikTok and Temu are willing to sustain significant losses to gain market share globally, challenging American counterparts.*
Made with HARPA AI
To avoid perpetual brain drains, I believe a lot of foreigners aren’t allowed by their countries to stay in US unless they have the appropriate clearance and card which is pretty hard to get.
Pretty sure it's the US that doesn't let foreigners work there easily. It's difficult to get a job there as a foreigner.
It's the US work visa which is very hard to get (basically only qualify if you have extraordinary skill or your employer sponsors you). Lots of poorer countries also benefit from their citizens earning an inflated US salary and sending money back as remittences.
I have never met a foreign worker who were not allowed to work in US by their parent countries. Usually it is US preventing them from working.
The same article mentioned discrimination and racism which asians face far more than blacks
Well, Morris Chang was actually born and raised in China but any ethnically Chinese person that immigrated through Taiwan to America is often considered Taiwanese American, which is more political than ethnic, perhaps to some extent there's the role of culture and education too, so technically it's hard to define the line, unless the family has been in Taiwan for generations and generations since the 16th, 17th century, but most likely most of the ones in America are waishengren whose family literally came from mainland China after the Chinese civil war.
Taiwanese are ethnic Han Chinese people who speak chinese and write chinese
Son chinos refugiados😂
We also have to deal with cheap Chinese products infiltrating Amazon. For example, if you search for fuses and buy from within the top results, you will get fuses that will not blow at their rated currents. Reviews attesting to this fact get censored by the platform.
It is inevitable
Excellent content here, most rare in this plethora
US tech is still pretty dominant. This feels like Chinese propaganda
it is.
I mean, have u noticed how everything now has part made in China? From shitty brithday ripoffs to Honor phones that compete with flagship phones in specs o.o
They are a threat, and the US keeps aiding them. Making it easy get stolen from their techniques and products schematics
@@zander_the_space_nerd Ah yes, Chinese propaganda coming from an Indian American, both nations of which are hostile to China. Very reasonable. Lol you people just screech propaganda whenever you hear something you don't like.
A Chinese car maker beat tesla in the ev market, is this Chinese propaganda?
@@manishdkbuying your disaster company 😂😂😂 byd
9:11
this is like watching sports and
the youtuber is a commentator
of a financial sports match goal
he scores he wins ole ole ole
Bro why u using the meme indian accent
The chinese apps are used only in china, the US apps are used worldwide.
This is 100% true especially because of the great firewall. My girlfriend is Chinese and I even lived here for a little bit unfortunately, till we went back to United States for more opportunities and to make more money China’s very bad they’re economy is crashing at a rapid rate.
@@kawaiihikari0 The chinese economy is sinking pretty fast, thanks to many stupid decisions made by CCP dictator!
bot
@@Bouncing2398 it’s true how is that being a bot when it’s a fact U.S. based software is sued internationally lmao what a lame ahh b*tch
Chinese people are on a American app tell them to thank CZcams🙏
You can't compare the Chinese market to the American market, the usa is away ahead
4:01 this is why china is a superpower and india is not
The F500 list is based on revenue, not profit or market cap. Not a particularly great representation of how good a company is
Exactly!
Wt are u trying to prove by saying that?
@@IamHandsome4u exactly what it says it’s in English man
@@kawaiihikari0 iam asking the OP not u.
@@IamHandsome4u I am the OP
Chinese people are smart and innovative. People seem to underestimate them for some reason. Even Jensen Huang who is technically Taiwanese is still genetically Chinese.... and that means he is likely to have been brought up with chinese culture with a focus on education and hardwork. I have always known that China was going to be the richest and advanced country in the world. If you look at their history they have had several golden ages. The very FACT that they controlled the silk road in the past should tell you that these people are savvy in business and tech.
I'd like if Logically Answered could clarify that Shou Zi Chew did not go "back to China" but in fact ventured there. Singapore is about as separated from China as Taiwan is, so if you're willing to make that distinction between Taiwan and China, please do it for Singapore too. (In fact, Singapore is arguably more separated from China than Taiwan because Taiwan has a much richer and deeper history with China than Singapore!)
Just to clarify I am Singaporean and ethnically Chinese like Shou Zi Chew, not some random Joe talking out of my ass.
Granted, due to his ethnicity (he is ethnically Chinese yes, but the land you grow up in shapes your worldview and culture massively too.) It was probably easier for him to assimilate, but that line makes as much sense as saying an Australian studied somewhere overseas and went back to England. What the hell? 😂
Only problem I have with Chinese companies and their economy is they always seem to learn from outside. With that model they may just be more efficient to a model already done but without creativity it wont last long
For mature fields, creativety matters less. What I would be concerned about would be stuff like semiconductors
the comment above me is right^^^, right now the chinese chip manufacturing is so good that you can buy upgraded MCUs like RP2040 cheaper than the original... and right now they have no competition in there, the only thing they haven't really done is innovating and making anything smaller than 7nm chips, and making the software optimized for the thing that goes along with it...
Creativity will come. Right now, China is still catching up.
Moral of the story... I'm starting to fall in love with that Chinese sweet money
While you sell out your country? Nice going.
Bro, this video was not really educating. Look at the msci china. Trust in the chinese economy is EXTREMELY LOW. The biggest sector of the chinese economy (real estate) is fighting for survival. The 2nd biggest chinese real estate group (Evergrande) just got liquidated a couple of weeks ago because it couldn't repay it's 300 billion in debt. Lots of other chinese real estate companies are fighting for survival too, such as the company Country Garden.
On top of that China just entered DEFLATION means that consumer prices are falling. And that is because chinese people themselves hold back, they spend so little money that the prices are falling. Because of that China will rely even more on foreign trade. Problem with that: Europa and the USA are both on the brink of recession, meaning they import less and at the same time want to reduce their trade with China in preparations for a conflict with Taiwan. However, the United States is still BY FAR the biggest destination for chinese exports. Meaning: If the United States goes into Recession, China will too.
That or the chinese housing market collapses first. Which will lead to similar economic downturns as in 2008.
If you want to profit off of this situation I can suggest you to invest in a China ETF now or in a couple months but NOT expect any profits for a while. Most likely it will probably go even more into red. But looking on a 10 - 20 years perspective, this is of course a great opportunity to invest into China. But only in the LONG TERM.
@@josiavantroyen4215 1- you brought me stress with your comment 2- thanks for the suggestion 3- all i know is... all the big western companies whether it's tech or luxury etc... they all want a taste of that sweet chinese money... and these are the same people funding prpaganfa to try to convince you not invest (funding this until they take xi throne... and they never will) because they don't want competition
@@josiavantroyen4215 think about this for a second how sweet of a deal these big western companies got... they make their products in china, and sell it there for 10x (minimum) what it cost them to produce... and the funny thing is the only thing they have going on is they sell a "foreign culture" like European luxury brands... but it's all made in china 😂 what a scam... these people will do anything to keep it goiing on it's old money and they've professional scamers
@@JohnDoe-vu5hy Mate, you don't even know what you are talking about.
Very balanced viewpoints in your blog on US/China competition worldwide.
At least everyone knows that you will lose many money if you buy Chinese stocks, but you will make a lot of money if you buy the Nasdaq 100. Many Chinese people choose to buy the Nasdaq 100 Index.
We love you China 🇨🇳, 🇳🇵🤝🇨🇳 it's your era now 🇨🇳🇨🇳🇨🇳
The numbers *really* don't mean that much coming from China, especially when their entire investment market is worthless now and major banks are failing. Always important to separate reality from reported numbers, they don't always line up. Then you have the other issues they'll be facing very soon, their next 30 or so years are pretty locked in regardless of what happens.
They definitely have shortfalls and a tendency to embellish the truth. But we definitely shouldn’t be underestimating them :)
Don't trust the quantifiable data.... If there is a country that has tremendous rate of growth, and high ceiling it's China. Their IQ, education, devotion, and industries are all competitive. Look at the foundation, and you will see that they are getting smarter and more competitive, as we get dumber and filled with stupid influencer nonsense.
Ok,so what now ? Doubt their GDP numbers released by world bank and imf
yeah they only assemble the large majority of luxury goods and computers
I agree, China has not been able to prove a stable and secure market or future.
TikTok CEO did not "return to China". He isn't even a Chinese citizen. He is from Singapore, holding Singapore citizenship.
Singapore is like a city in China. Kinda an insult to all the oversea Chinese. We doesn't even consider ourselves as a citizen of China.
应该是字节跳动的ceo
@@haochengzhai7156The video implies CEO of TikTok, who is Singaporean.
@@kodok2000 誰說你們是中國公民？誰說華裔是中國公民？印度人，只有印度人才把幾個印度裔當作印度人來吹噓和感到自豪。
The year of the Dragon.
How does america have less than china, thats crazy, honestly shocked and thanks for the video
There's less people living in the USA than China lmao
Quite a pivot right?
Less numbers doesn't mean less value though. American companies still have much more revenue and profits
You ask anyone who makes money would you rather invest in China for 10 years or the US they'll laugh in your face without even answering then invest in America.
@TH-dr1kg dude has some serious issue with china😂😂spreading hate on every comment.
I may be speaking from a point of very limited knowledge , but If Americans really cared... They wouldn't invest in Chinese companies or buy Chinese products. ... Like temu. Also Amazon is very responsible for selling Chinese goods.
For disposable things it doesn't matter, but for products where personal safety and operational longevity is expected Chinese brands have a ways to go.
Financially the fund managers and money movers have always been more callous than the average citizen.
Interesting video. However I must say that shou zi chew is a singaporean ( at best ethnically chinese) not chinese , that example is very misleading and inaccurate
But u know what There is no tainanese.. Taiwan is political creation while ppl in Taiwan still are Chinese
i will be honest when i found out lenovo is a chinese company i was so so shocked. as its such a westernised company. maybe the same will be with huawei at somepoint
Eso mismo pasa con DJI, se ve muy occidentalizada. Pero es una empresa china
互联网经济是非常庞大的，放弃本土企业发展是不可接受的，特别是中国的内部市场是如此巨大
5:26 Actually one of the prime reasons they believe they'll have better career prospects in china is in part due to US visa issues. Also I feel like this is becoming less true. Say if you chinese and you wanted to start a video game company and read headlines that china is now blocking micro-transactions and limiting playtime, etc, it's not a good bet.
Ah fair enough
This isn't new. China has been waging a continuous war on video game addition for decades now. TechAltar did a good vid on it.
That’s just disinformation you see, China is the largest gaming market in the world
You love wion ❤
But TikTok CEO says he's Singaporean?!
Yes
@@LogicallyAnsweredThen why did you put “returned to China”, seemingly implying he holds Chinese citizenship? Singaporean don’t “return” to China. It’s a poor phrasing on your part, I don’t know, maybe to purposefully mislead viewers by the phrasing “return to China”. He cannot return to China (your section implies returning to return to country of origin) if he ain’t even a Chinese by citizenship in the first place.
Please clarify this matter in your comment.
@@shiinshiinro ethnicity and ancestry exists.
There are many chinese living outside china for 1-2 generations, if they move to China, it can be said they returned to china.
@@arthurfleck8843 I am literally Singaporean Chinese, and when I go to China, I "visit" China as a tourist, not "return to China".
great video but a bit general and not so nuanced
many misunderstandings to be frank…
Yeah Hong Kong is included in that starting video numbers. Take that out and it wouldn't be true. I'm pretty sure.
SPY (S&P 500) is weighted. So yes, there may more Chinese companies listed but they are nowhere NEAR as big. Compare them based on market cap like you should and the argument you're making falls apart incredibly quickly.
Last thing I want is to buy Chinese stuff
I am actually really happy knowing China is surpassing US in tech and economy overall, because US is abusing it's power over the world, China is doing the same but having a rival to US is what's really good.
Oh boy, the Chinese-ification is more advanced than I thought.
One of the problems in the long term is that China is waaay bigger and more powerful than other asian countries/companies. We’ll see in the long run how well their plans work out…
Is the video title saying if you take "What Now" away from America, you'll end up with China?
I mean, I know it's one of Rihanna's best songs but losing it won't turn us into China, man.
Usaaaaaaa
🇺🇸
I really like how you snook spotify, mercedes, gramarly and many more companies as Americans.
Europe ≠ America.
all them fellas scratching they heads wondering how he got on this wayward path of questioning lol. Don't none of them think much about their bank.
CN market its huuuge! It is only normal to be like that! India and other big countries should also do the same in a few years if there is no global war that the US keeps pushing becasue they fear losing
We'll see how far Chinese firms can continue with their 'loss leader' strategy. Their economy back home is weakening and deflationary prices are not sustainable in China in the long run. They cannot afford to take losses in their home market AND subsidize their international market expansion!
It will work in developing countries....
Trust me it works
There are like 3 Chinese Companies that have gone mainstream outside of China.
I can think of Temu,TikTok & Tencent gaming (although Tencent gaming just bought the companies rather than actually making the products). Temu itself is just highly subsidized & will have a hard time taking on Amazon, the king of sacrificing profit for the long term (also they have AWS that makes 4x the profit of pinduoduo). TikTok will have a hard time as soon as any republican wins office & will pressure a sale or issue a ban. BYD is lacking outside of China but will also likely go mainstream in the meet future…
To me it seems like they only have local companies that will stay mostly within their own market mostly & are boosted in total revenue due to manufactured monopolies ran by the CCP.
🤣🤣
China is nowhere near the Us
The problem with china is that they still have the cheap reputation atach to them, huawei phones were popular but now is xiaomi but whats the profit margins compared to the iphone, chinese cars are a threat to european automakers but whats the profit margins of a byd,mg ect compared to a tesla, overall either true or not north american and european brands can sell for a premium on the other hand internationaly most chinese products cant, aso personally i dont believe in the rise of india they dont have the chinese forsight.
Quality not quantity
6:32 Lmao I'm telling you the WEST....🤣🤣🤣🤣Today it's TESLA and BYD.I like their Hebahn Moment when they start asking whats happening,how,when and then nou....