5 ms·

Can you elaborate?

by j2d2 18y ago

Can you elaborate?

nickb 18y ago
China is the next big empire and money is starting to flow more and more into China. In US, there is a credit crunch and in China, there is a dearth of companies to fund. Clearly, it's easier to fix the latter. I see China eclipsing US entrepreneurship scene in less than 10 years.
- ojbyrne 18y ago
  An analyst I respect says that China is the next bubble. http://jeffmatthewsisnotmakingthisup.blogspot.com/2007/01/we-all-know-how-this-story-ends.html http://jeffmatthewsisnotmakingthisup.blogspot.com/2007/01/we... Actually he uses the phrase "Mother of All Bubbles" elsewhere. Uncritical optimism is a sure indicator.
  - pchristensen 18y ago
    That's why I'm always scared to bet on the safe bet.
- pchristensen 18y ago
  Sure, number of companies may be easy to fix with population and money, but the number of good companies is a lot harder. Just ask all the VCs with fat funds and sleepy portfolios.
  - nickb 18y ago
    You do realize that China has 3x+ more population and that they have a bigger pool of people, companies to pick from, right? You need to go there and see it with your own eyes... I was skeptical too but not anymore. China is rising and they will eclipse us all.
    - davidw 18y ago
      They'll doubtless continue to do well - that's a good thing - but they have plenty of issues of their own to deal with, including ethnic minorities, and a big democracy deficit that will likely become more irritating to a rising middle class.
      - cglee 18y ago
        I tend to agree with this. What matters to the "rising middle class" isn't so much democracy or not, but how much individual freedom and lifestyle they can have. Once the sustenance issue is solved, people want higher ends - more personal freedom, rights, information, opportunities, expression, etc. That being said, most Chinese are still poor and historically, it's been the peasant class that has caused the most problems for governments. It'll be interesting to see how the Chinese government balances the needs of the two groups.
vaksel 18y ago
well its pretty simple really, China is going in overdrive towards having the largest middle class population in the world. In the article I read I think it said something like 5 years before there are more of Chinese Middle Class, than there are in United States. So you have a very large market that continues to grow(unlike USA), of people who are willing to spend the extra money for Apple like status symbols, who are VERY nationalistic, and who have no problem buying U.S. knock offs. And since chinese have no problem copy pasting ideas/products, it would make sense that the uPod, uPhone, uNextProductFromApple will be copied, which will then fly off the shelf, and will make the chinese version of Steve Jobs rich.
- pchristensen 18y ago
  But if anyone can produce knockoffs, how will any one of them grow a giant company with global reach and influence? That's what I think of when I think of Jobs. It's like the difference between being Toyota and being the company that manufactures their dashboards. You can definitely get rich owning a dashboard company, but you're not going to gain Jobs' influence and wealth.
- hugh 18y ago
  How is "middle class" defined in that classification? In the US, for instance, you'd need to earn at least, say, (picking a random number without wanting to start arguments and well-it-depends-where-you-live threads) $35,000 a year to be 'middle class', whereas China's per capita income is still less than $2000.
- cglee 18y ago
  There are a lot of side effects of the burgeoning middle class, and I'm not sure it can continue at this rate unchecked. However, it's true that more and more Chinese will be able to buy nicer things.

Can you elaborate?

by j2d2 18y ago

Can you elaborate?

nickb 18y ago

China is the next big empire and money is starting to flow more and more into China. In US, there is a credit crunch and in China, there is a dearth of companies to fund. Clearly, it's easier to fix the latter. I see China eclipsing US entrepreneurship scene in less than 10 years.

ojbyrne 18y ago
An analyst I respect says that China is the next bubble. http://jeffmatthewsisnotmakingthisup.blogspot.com/2007/01/we-all-know-how-this-story-ends.html http://jeffmatthewsisnotmakingthisup.blogspot.com/2007/01/we... Actually he uses the phrase "Mother of All Bubbles" elsewhere. Uncritical optimism is a sure indicator.
- pchristensen 18y ago
  That's why I'm always scared to bet on the safe bet.
pchristensen 18y ago
Sure, number of companies may be easy to fix with population and money, but the number of good companies is a lot harder. Just ask all the VCs with fat funds and sleepy portfolios.
- nickb 18y ago
  You do realize that China has 3x+ more population and that they have a bigger pool of people, companies to pick from, right? You need to go there and see it with your own eyes... I was skeptical too but not anymore. China is rising and they will eclipse us all.
  - davidw 18y ago
    They'll doubtless continue to do well - that's a good thing - but they have plenty of issues of their own to deal with, including ethnic minorities, and a big democracy deficit that will likely become more irritating to a rising middle class.
    - cglee 18y ago
      I tend to agree with this. What matters to the "rising middle class" isn't so much democracy or not, but how much individual freedom and lifestyle they can have. Once the sustenance issue is solved, people want higher ends - more personal freedom, rights, information, opportunities, expression, etc. That being said, most Chinese are still poor and historically, it's been the peasant class that has caused the most problems for governments. It'll be interesting to see how the Chinese government balances the needs of the two groups.

vaksel 18y ago

well its pretty simple really, China is going in overdrive towards having the largest middle class population in the world. In the article I read I think it said something like 5 years before there are more of Chinese Middle Class, than there are in United States. So you have a very large market that continues to grow(unlike USA), of people who are willing to spend the extra money for Apple like status symbols, who are VERY nationalistic, and who have no problem buying U.S. knock offs. And since chinese have no problem copy pasting ideas/products, it would make sense that the uPod, uPhone, uNextProductFromApple will be copied, which will then fly off the shelf, and will make the chinese version of Steve Jobs rich.

pchristensen 18y ago
But if anyone can produce knockoffs, how will any one of them grow a giant company with global reach and influence? That's what I think of when I think of Jobs. It's like the difference between being Toyota and being the company that manufactures their dashboards. You can definitely get rich owning a dashboard company, but you're not going to gain Jobs' influence and wealth.
hugh 18y ago
How is "middle class" defined in that classification? In the US, for instance, you'd need to earn at least, say, (picking a random number without wanting to start arguments and well-it-depends-where-you-live threads) $35,000 a year to be 'middle class', whereas China's per capita income is still less than $2000.
cglee 18y ago
There are a lot of side effects of the burgeoning middle class, and I'm not sure it can continue at this rate unchecked. However, it's true that more and more Chinese will be able to buy nicer things.