guys where do u see china as an economy in a decade or two and compared to us and eu.\
Moreover isnt this the right time to pursue a career in that economy and grow with it.
wouldnt it be good time to have an mba from china and work in china or asia pacific in investment banking or investment management right now as i think this region is the next financial powerhouse
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No matter how big China becomes, no one wants to live in a Chinese world. In fact, at some point, I expect Americans to go anti-China and stop buying their crap.
Plus, they don't eat cheese down there.
lol..
kids like you, young and naive, will never find the next opportunity and will never be successful in the future. feel bad for you..
lol
you're a dumb redneck. The Western world's reign is over.
I really, really hope not. If you love the east, then go live there. I heard the air is fresh and the food is delicious ;)
I dont even pity you
As long as Americans like cheap stuff, we will keep buying from China. Plus, China's attraction is not its role as a seller, but its potential as a buyer - MNCs are salivating at the opportunity to enter China's market once it develops a bit more and people have more expendable income.
^^unfortunate but true :(
China is going to grow. But it's going to be very limited due to its government. People in Asia don't really have a good rep for the chinese government at all.
the air is fresh
is that sarcasm?
.
Just my 2 cents (i'm chinese, my parents are chinese, educated in the United States)
Business in mainland China, is INFINITELY more complex than anything that goes on in the United States. You think theres a lot of backdoor things going on in the US? People without the experience of living in Chinese society can not begin to fathom the extent of Chinese corruption, and the magnitude of influence personal relationships have with business. It's honestly a whole different beast.
Foreigners will NEVER be able to get an edge in China. Chinese people, based on their history and culture, have been groomed since birth and for generations to hone in their cunning. THere's a saying in Chinese, "人家吧你买了,你还帮他们数钱".
Translation: "They are going to sell (exploit) you, and you're going to help them count their profit".
isnt china communist?
Is this a real question?
communist with certain capitalist characteristics
It's been a good trade for them, but it's oversold. The fact of the matter is that China is still a very poor country. Once their rural migration is over, their growth is going to level off, and then you will have a host of political problems. I am skeptical of how adequate their response will be.
There is another issue; the chinese put their savings [in the trillions of USD] into US treasuries. Of course, the US won't default, but once inflation kicks in here you will see a massive dollar devaluation and that will fuck the chinese big deal [an effective default]. They know they're fucked but the pile is so huge that they don't have room to maneuver. It's a bomb waiting to explode.
On a broader issue, the Chinese are good at making stuff like computers, electronics, and whatever they sell in Walmart these day. But they're short on big ideas and their culture is not a good sell in the western world. In that sense, there is only so much value they can add to the world economy.
It will always be a bigger version of the ipod story [ie, 100% made in china, but >85% of its dollar value ends up in the US]
I disagree. There are substantial amounts of investors itching to get into China. As China opens up more and more over the next decade, foreign investment is going to explode. Take a look at Shanghai or Shenzhen. Thirty years ago, I don't think Shanghai had ANY skyscrapers. Go there today. It rivals any NYC (in terms of infrastructure).
A smart move on the part of the CCP: All direct foreign investments in China require joint ventures with domestic Chinese firms (e.g CICC). The max any foreign firm can own is 33%. So while foreign investors fuse the capital and expertise for China to develop a foothold in these new markets, these Chinese firms will eventually become self sufficient (e.g CICC).
I don't know folks... I would not be surprised at all if the US went the way of the British Empire in the upcoming half century or so.
Sure the US is not what it was in the 90s, that is a different story. But hey, this reminds me of Japan, when everyone was scared about the Japanese only to realize later that you can't really rule the world by making durable cars, robotic vacuum cleaners, and cell phones the size or their own penises....
China's protectionist policies & horrible business culture will eventually lead to disaster. Not to scared.
^ Wrong.
*too
I think this says it all.
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