35 ms·

China.

ImprovedSilence 5y ago
Dubai
csee 5y ago
Nothing will substitute that well because these are prestige luxury goods. Xi wants to send his daughter to Harvard, not to a university in Moscow. Abramovich wants to sail in Europe, not China. It was the case in the Soviet Union too that even though the West was the enemy, the status symbols were still all Western. In a weird way the elites aspired and lusted over the produce of Western consumerism.
- hattmall 5y ago
  So did the non elites, of what they were able to see, which is why such a large emphasis was put on concealing the wealth of the commoner westerner. Something that is still huge in China. If the average Chinese person learns that even the poorest of the western world doesn't live in 10sq meter "apartment" and work 9-9/6 the party would lose control.
  - verve_rat 5y ago
    I mean, to be fair, the poorest of the western world don't live in 10sq metre apartments...
  - richiebful1 5y ago
    Hundreds of thousands of Chinese international students have been coming to the US every year for the past decade. I'm sure they've seen homelessness as well as the middle class lifestyle in the US. So far so good
    - hattmall 5y ago
      Any Chinese person coming to the US is from the most privileged class. The Chinese commoner isn't even able to move freely around China.
- phist_mcgee 5y ago
  Just look at this recent speech by Putin[1] on the matter. [1] https://www.youtube.com/watch?v=FguV-zo2wpI https://www.youtube.com/watch?v=FguV-zo2wpI
hpkuarg 5y ago
I doubt it. Anyone with any money or power in China already has a foot out the door, in almost all cases in a country with strong property rights and rule of law. Russian oligarchs won't find anything in China that they don't already have at home.
deleted 5y ago
[deleted]
reincarnate0x14 5y ago
Highly doubtful. The last decade or so of CCP direction has been to control and punish the huge outflow of capital by rich Chinese into various western asset pools (like US and Canadian real estate) that are outside the party's reach. See also the recent controls on various cryptocurrencies. A lot of this got washed through Hong Kong and Taiwan and Singapore. Nobody outside is going to want to secure their wealth there. If kleptocratic Russians wanted that sort of arrangement, they could just keep it in Russia.

China.

Dubai

csee 5y ago

Nothing will substitute that well because these are prestige luxury goods. Xi wants to send his daughter to Harvard, not to a university in Moscow. Abramovich wants to sail in Europe, not China. It was the case in the Soviet Union too that even though the West was the enemy, the status symbols were still all Western. In a weird way the elites aspired and lusted over the produce of Western consumerism.

hattmall 5y ago
So did the non elites, of what they were able to see, which is why such a large emphasis was put on concealing the wealth of the commoner westerner. Something that is still huge in China. If the average Chinese person learns that even the poorest of the western world doesn't live in 10sq meter "apartment" and work 9-9/6 the party would lose control.
- verve_rat 5y ago
  I mean, to be fair, the poorest of the western world don't live in 10sq metre apartments...
- richiebful1 5y ago
  Hundreds of thousands of Chinese international students have been coming to the US every year for the past decade. I'm sure they've seen homelessness as well as the middle class lifestyle in the US. So far so good
  - hattmall 5y ago
    Any Chinese person coming to the US is from the most privileged class. The Chinese commoner isn't even able to move freely around China.
phist_mcgee 5y ago
Just look at this recent speech by Putin[1] on the matter. [1] https://www.youtube.com/watch?v=FguV-zo2wpI https://www.youtube.com/watch?v=FguV-zo2wpI

hpkuarg 5y ago

I doubt it. Anyone with any money or power in China already has a foot out the door, in almost all cases in a country with strong property rights and rule of law. Russian oligarchs won't find anything in China that they don't already have at home.

deleted 5y ago

[deleted]

reincarnate0x14 5y ago

Highly doubtful. The last decade or so of CCP direction has been to control and punish the huge outflow of capital by rich Chinese into various western asset pools (like US and Canadian real estate) that are outside the party's reach. See also the recent controls on various cryptocurrencies. A lot of this got washed through Hong Kong and Taiwan and Singapore. Nobody outside is going to want to secure their wealth there. If kleptocratic Russians wanted that sort of arrangement, they could just keep it in Russia.