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Joined 2 years ago
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Cake day: July 6th, 2023

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  • It’s a form of investment in the colloquial sense, but the relevant difference is between paying for physical objects that are completely outside of China’s control once they’re delivered to you and paying for shares of a Chinese company which may be fake and which the Chinese government might take away from you at any time.

    There’s a tragedy of the commons going on with manufacturing. Moving all US manufacturing to China is a big risk for the entire USA, but moving one company’s manufacturing to China is good for that company (or even required to be competitive). Meanwhile investing in Chinese firms is risky for each individual investor.