CQQQ: Invesco China Technology ETF People are liars. But their 💵 is honesty 🤣 https://www.wsj.com/articles/china-overtakes-u-s-as-worlds-leading-destination-for-foreign-direct-investment-11611511200 #misc
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China had the chance to become a rich country (for its 5%) during the last financial crisis. China didn’t want to abandon the 95%. So RMB:USD stopped at 6:1 and started to drop. This time China has said publicly that they are not going to do that anymore. They probably still cannot get more than 30% people covered, but it is fine. They are going to make the 30% as rich as Taiwanese.
Exactly. That’s “laying low” strategy
I clearly remember back in 2014, I spoke with an Indian folk about Alibaba. He said “oh, the company owned by yahoo”, I was like, yahoo is still a thing because of their Alibaba shares. And Alibaba’s business is 10x bigger than Yahoo. He did not believe me. He probably thought I was brainwashed.
Lol
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