If you are into IT, visit Shenzhen. You WILL be so shocked!
This is a documentary that was recorded 7 years ago by Wired! Today, Shenzhen is at least 100 times more advanced than this documentary.
Capital control?
Not for me! This is me counting the leftover stack of
cash after a day of negotiating with suppliers in CASH! There are two more duffel bags full of cash on the floor behind me. I go to the banks and withdraw millions of ¥s (1 euro is 7.94 RMB today) and use it to negotiate the best prices with suppliers. I do this twice per day. Every single day! Try that in the West
View attachment 5216
People believe anything the Western media tells them nowadays. I love it.
Listen to what an American billionaire, Charlie Munger, who is MAJORLY invested in Alibaba (BABA) said about Jack Ma:
I am NOT going to dispel this. Life's too easy for me in terms of competition in
China. I don't want any of you coming into my backyard and taking business away from me. I urge everyone to stay the Hell away from China
Super easy for me. I grew up delivering food (for extra pay and tips) for a few Chinese restaurants in my neighborhood when I was a kid growing up.
Out of respect to the Chinese, I took and still take intensive Chinese lessons:
Language Program-Shenzhen University (SZU)
Also, most well-educated Chinese in business yearns to speak English to a foreigner.
In the 1980s, I won a full European academic scholarship to go study Electrical & Computer Engineering. My destination of choice was, of course, the USA. Europe sucked in computer & software engineering at that time, so I left for America. It was great! I loved it! I thought then, I would always live and work in America. As time went by, manufacturing jobs were being exported to low-wage countries, including China. I picked up on this right away. I followed the money, but China was still a dump in the 90s, so I chose to anchor in
Monaco at first. The world was changing!
Today, for me, China is an absolute dream. I can't explain it. The sophistication, the technology, the people, the culture, the cost of living, the prices, the access to the best products in the world, and the zero taxes for "foreign experts" (special ruling) are mind-boggling to me and very attractive to me. I also love a challenge like dominating their language and understanding their culture.
China is NOT for everyone! It appeals to me more than any other place I have ever been.
Also,
https://www.cato.org/blog/abandoning-us-more-scientists-go-china
View attachment 5217
The pendulum swings...
拜拜