Australian (ASX) Stock Market Forum

China a Failed State and a Rogue State to the rest of the World

Might have something to do with the quotes you accepted
I know plenty of good tradies who do things properly
It’s why their still in business

Well thats kinda my point relating to China, its exactly the same thing.

You have to check the work of even the best tradies, do make sure the work is done they way you wanted it, they can forget things, miscommunication happens, they might use slightly different materials in different rooms etc etc.
 
You have to check the work of even the best tradies
This applies to just about everything.

There are good and bad tradies and there are good and bad doctors, managers and everything else.

Some organisations are very good at identifying deficiencies but human psychology does lean strongly toward hiding flaws as the default. The problem in China is that effective management clashes strongly with the country's political system - any manager who aims to weed out deficiencies is going to be somewhat of a cultural rebel out of necessity.

Note that issue isn't confined to China, but it's one place where that culture does exist. In Australia it's more a company or industry specific thing but in some countries it's a widespread cultural approach. :2twocents
 
Well thats kinda my point relating to China, its exactly the same thing.

You have to check the work of even the best tradies, do make sure the work is done they way you wanted it, they can forget things, miscommunication happens, they might use slightly different materials in different rooms etc etc.

That's true, but the tradies are here and are subject to our consumer laws and can have their licenses suspended in they screw up, but try taking Chinese companies to court either here or in China and you will have a difficult time.
 
That's true, but the tradies are here and are subject to our consumer laws and can have their licenses suspended in they screw up, but try taking Chinese companies to court either here or in China and you will have a difficult time.

Have you heard about the long-established Japanese brand, Muji, losing a court case in China to a copy-cat brand?

https://www.scmp.com/news/china/soc...inese-firm-us89000-and-apologise-after-losing

China definitely needs to work on its protection of international trademarks.
 
The cheating of the Chinese knows no bounds.
After effectively banning Australian Lobsters, they are now marketing their own Lobsters, aka Yabbies, but using the name Aussie.
From theEvil Murdoch press
View attachment 157088




Mick
Our greed is to blame. Someone in China paid someone in Australia to learn the trade and buy the starter stock.

Same thing is happening with wine, Treasury Wines has set up a Penfolds vineyard and are making a Chinese version of Penfolds reds & whites, and who do you think are learning the trade over there?
 
The cheating of the Chinese knows no bounds.
After effectively banning Australian Lobsters, they are now marketing their own Lobsters, aka Yabbies, but using the name Aussie.
From theEvil Murdoch press
View attachment 157088




Mick
The sad part isn't that China is doing this.

The sad part is that we have people in the West holding business management and even government positions who seem genuinely surprised. :2twocents
 
and in another twist, I saw this on twitter.
1684399145916.png

The big question is why there is such a diversion.

For some its because the CCP just fake anything and everything.
Others suggest the difference largely comes down the fact that the balance of payments measures changes in ownership between domestic and foreign entities, whereas merchandise trade tracks shipments across international borders.
mick
 
and in another twist, I saw this on twitter.
View attachment 157089

The big question is why there is such a diversion.

For some its because the CCP just fake anything and everything.
Others suggest the difference largely comes down the fact that the balance of payments measures changes in ownership between domestic and foreign entities, whereas merchandise trade tracks shipments across international borders.
mick
I would assume part of it would be less domestic imports. Not surprising.
 
Have you heard about the long-established Japanese brand, Muji, losing a court case in China to a copy-cat brand?

https://www.scmp.com/news/china/soc...inese-firm-us89000-and-apologise-after-losing

China definitely needs to work on its protection of international trademarks.
You got that wrong.
Muji used a name that was previously registered by a Chinese company, and that Chinese company successfully defended its right to use the name in 2017.
Muji lost an appeal against the original court decision.
Muji had an interesting defense in that it apparently was able to apply for a trademark when it registered its Brand name. However, in such disputes it's difficult to find against the original trademark owner even when it was only being applied to its textile based products.
 
I've heard the little pricks have a new grubby scheme - the scumbag CCP has issued touching incentives for any member of the Chinese diaspora to return to the bosom of the motherland and offload any intellectual property that they have acquired from their employment with Western companies. Can't find the report yet.
 
Our greed is to blame. Someone in China paid someone in Australia to learn the trade and buy the starter stock.

Same thing is happening with wine, Treasury Wines has set up a Penfolds vineyard and are making a Chinese version of Penfolds reds & whites, and who do you think are learning the trade over there?
I remember reading a post here awhile ago. China thinks years in advance and we days, weeks or at best months.
 
To coin a phrase, music to my ears
I don't know how good the sources of his statistics, graphs and other claims are (he says they're in the links) but I don't care. Listening to this was highly enjoyable and beats dumped files from the CCP proganda unit any day.

 
To coin a phrase, music to my ears
I don't know how good the sources of his statistics, graphs and other claims are (he says they're in the links) but I don't care. Listening to this was highly enjoyable and beats dumped files from the CCP proganda unit any day.


I would enjoy this better if the US was not a bankrupt failed state under the control of non elected swamp.
And if I would not believe we are going down down down.
 
The cheating of the Chinese knows no bounds.
After effectively banning Australian Lobsters, they are now marketing their own Lobsters, aka Yabbies, but using the name Aussie.
From theEvil Murdoch press
View attachment 157088




Mick
They are actually an Australian Crayfish species, I had a burger today with Australian made “American mustard” and “French fries” made in Australia, and English breakfast tea that was grown in India, from a plant that was originally from China.

I wonder if the Chinese language has words that differentiate between crayfish and lobster? Maybe not, so if they are breeding these Australian crayfish, is it so bad to sell them as the species they are? Eg Australian Crayfish.
 
They are actually an Australian Crayfish species, I had a burger today with Australian made “American mustard” and “French fries” made in Australia, and English breakfast tea that was grown in India, from a plant that was originally from China.

I wonder if the Chinese language has words that differentiate between crayfish and lobster? Maybe not, so if they are breeding these Australian crayfish, is it so bad to sell them as the species they are? Eg Australian Crayfish.
To me six of one and half a dozen of the other. i do have a thing about using the name Australian as I would assume that means the product has been sourced from here via import.
 
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