Thanks for the podcast, as always! Excellent timing for me, I'll be in Beijing soon for a day, the first time in China in 12 years, and second time in 20 years. With mixed bag experience on things like ali express I'm extremely interested in comparing some of these takes with what I can see with my own eyes. Exciting times!
Living in Indonesia, I remember in the 80s-90s when Japanese products had image of being cheap and low quality. Even at that time, only middle class could afford TV, while fewer low income family could afford TV. Then the Asian financial crisis hit, and people become even poorer, even the middle class were hit badly. Suddenly those Japanese, European and American goods were unaffordable for most people. Then the Korean goods began to come into the scene. They were replacing the Japanese goods as the new "cheap and low quality" goods. Not far behind the Chinese also entered the scene with even cheaper goods. So cheap that now even the poor could afford the TV. Living standard suddenly is better off for the poor.
@@godzillamothra5983 yeah it's definitely a cycle. First Japanese goods were cheap and low quality, then they moved up the prestige tree, then came Korean products, now Chinese ones. Yeah I have no qualms about buying a Chinese phone or TV. Actually whish they should Chinese EVs here in US. SEA will have better cheaper (Chinese)cars than us in US in 5 years.
Xi is the best thing that happened to China since Deng. He has the vision and the tenacity and toughness to lead China through this critical time. compared with Jiang and Hu, he is definitely the better person for this moment in history. I'll take Xi any day over any political leader in the west today - actually there is no comparison.
There's video right here on TH-cam of Glenn Greenwald saying that one of the documents from the Edward Snowden revelations is the official C.I.A. profile of Xi Jinping from the end of his tenure as Vice President. The Americans assessed that XJP is absolutely incorruptible: there's no tempting him with anything; not wine or women or money or power or status or even his own family...the guy is totally devoted to the country and simply cannot be swayed by any other consideration!! That's what firmly cemented my faith in XJP's tenure -- that American spooks themselves recognize how tough he will be to manipulate!
true, Han Feizi was quite arrogant on this point and it was surprising too as he never struck me as arrogant--Xi's accomplishments even just up to today are more than enough to warrant him one of the greastest leaders in history and worldwide, no matter what he will do later-China's more closed up nowadays is false, it's shocking it came out of Han Feizi's mouth.
I think the host mistook the Chinese currency exchange mechanism. If you go to any currency trading platform, you can see USD/CNH which fluctuates second by second line other currency pairs. Offshore it’s freely traded
no, versus janitors or low level factory workers from the country side (but factory wirkerd are provided w food/dorm). there are different kind of construction workers, entry level ppl w/o skills make little, ppl with skills make a lot.
At the end, it should be mentioned that reshoring would be inflationary as a motherfucker unless corporations would be willing to slash profitability, which is never ever gonna happen because if i have to make a widget in china for 1 dollar and sell it for 5 to get my big profit margin, now that it costs me 5 dollars to make this widget, i'm not gonna sell it for 5 but for 10.
It's Steve's m.o., unfortunately -- just how he runs his shop. Steve's interesting in his own right, honestly, IMHO, but it's frustrating nonetheless like how some high-end restaurants have waitstaff that are actually supposed to be an integral part of your dining experience with tales about the dish being served -- 'cept of course it can get tiresome at times since you just want to dig in without further ado while they have to do their jobs which is to also provide some light bit of "entertainment".... Lotsa TH-camrs are luke this, unfortunately; many travel channels even constantly have the non-telegenic host in most of the shots, taking up valuable screen real estate much better devoted to scenery!!
@@StephenHsu I expected this response. Well a host hogging the "conversation" is definitely not my idea of good form or manners. But that narcissistic reflex is par for the course.
Steve's arguments on the second point of Pettis were incomplete and biased, it was surprising Han Feizi didn't refute him-I don't have energy talking about it now. Han Feizi doesn't seem good at confrontation despite bright (he struck me as a very good tempered guy), no wonder on Twitter his main method of dealing with confrontation was 插科打诨😅。
![ปฏิเสธไม่ไหว (Crush on you) - LIPTA feat. No One Else [TEASER MV]](http://i.ytimg.com/vi/VC689EgdSIw/mqdefault.jpg)
Have been following Han Feizi on Asia Times, always releasing thought provoking article. Thanks for inviting him.
Manifold really managed to get the infamous Twitter dog himself for an entire podcast. 😂
That horndog is quite a source of entertainment for me on Twitter 😂😂😂.
@@fangzification That guy is hilarious!
What do you mean?
Doggy Dog, you mean..... love that guy.
Great episode! Thanks for introducing me to Han Feizi.
Excellent piece that offers new insights. Am a fan!
Thanks for the podcast, as always! Excellent timing for me, I'll be in Beijing soon for a day, the first time in China in 12 years, and second time in 20 years. With mixed bag experience on things like ali express I'm extremely interested in comparing some of these takes with what I can see with my own eyes. Exciting times!
Living in Indonesia, I remember in the 80s-90s when Japanese products had image of being cheap and low quality. Even at that time, only middle class could afford TV, while fewer low income family could afford TV. Then the Asian financial crisis hit, and people become even poorer, even the middle class were hit badly. Suddenly those Japanese, European and American goods were unaffordable for most people. Then the Korean goods began to come into the scene. They were replacing the Japanese goods as the new "cheap and low quality" goods. Not far behind the Chinese also entered the scene with even cheaper goods. So cheap that now even the poor could afford the TV. Living standard suddenly is better off for the poor.
@@godzillamothra5983 yeah it's definitely a cycle. First Japanese goods were cheap and low quality, then they moved up the prestige tree, then came Korean products, now Chinese ones. Yeah I have no qualms about buying a Chinese phone or TV. Actually whish they should Chinese EVs here in US. SEA will have better cheaper (Chinese)cars than us in US in 5 years.
Xi is the best thing that happened to China since Deng. He has the vision and the tenacity and toughness to lead China through this critical time. compared with Jiang and Hu, he is definitely the better person for this moment in history. I'll take Xi any day over any political leader in the west today - actually there is no comparison.
There's video right here on TH-cam of Glenn Greenwald saying that one of the documents from the Edward Snowden revelations is the official C.I.A. profile of Xi Jinping from the end of his tenure as Vice President.
The Americans assessed that XJP is absolutely incorruptible: there's no tempting him with anything; not wine or women or money or power or status or even his own family...the guy is totally devoted to the country and simply cannot be swayed by any other consideration!!
That's what firmly cemented my faith in XJP's tenure -- that American spooks themselves recognize how tough he will be to manipulate!
true, Han Feizi was quite arrogant on this point and it was surprising too as he never struck me as arrogant--Xi's accomplishments even just up to today are more than enough to warrant him one of the greastest leaders in history and worldwide, no matter what he will do later-China's more closed up nowadays is false, it's shocking it came out of Han Feizi's mouth.
100% accuracy of the assessment
I think the host mistook the Chinese currency exchange mechanism. If you go to any currency trading platform, you can see USD/CNH which fluctuates second by second line other currency pairs. Offshore it’s freely traded
Yes but PRC actively intervenes to control the rate. Occasionally the US threatens to classify PRC as a currency manipulator.
You gonna get Gong Lei one of these days?
he says delivery drivers are compensated on the highend of blue collar wages? as in compared to trades people? construction etc?
no, versus janitors or low level factory workers from the country side (but factory wirkerd are provided w food/dorm). there are different kind of construction workers, entry level ppl w/o skills make little, ppl with skills make a lot.
92% chinese owns home so little rent. conctrete house need no fire insurance.
utility transport cost is 80 90% cheaper than west.
At the end, it should be mentioned that reshoring would be inflationary as a motherfucker unless corporations would be willing to slash profitability, which is never ever gonna happen because if i have to make a widget in china for 1 dollar and sell it for 5 to get my big profit margin, now that it costs me 5 dollars to make this widget, i'm not gonna sell it for 5 but for 10.
👍👍👍😃😃😃👏👏👏
I thought it is 韩非子
The clearest sign of a bad interview is where the interviewer talks more than the interviewee. This was bad.
This was more of a conversation than an interview. Feel free to stop listening to this podcast.
It's Steve's m.o., unfortunately -- just how he runs his shop.
Steve's interesting in his own right, honestly, IMHO, but it's frustrating nonetheless like how some high-end restaurants have waitstaff that are actually supposed to be an integral part of your dining experience with tales about the dish being served -- 'cept of course it can get tiresome at times since you just want to dig in without further ado while they have to do their jobs which is to also provide some light bit of "entertainment"....
Lotsa TH-camrs are luke this, unfortunately; many travel channels even constantly have the non-telegenic host in most of the shots, taking up valuable screen real estate much better devoted to scenery!!
Conversations between two bright minds are always more interesting than "interviews"
@@StephenHsu I expected this response. Well a host hogging the "conversation" is definitely not my idea of good form or manners. But that narcissistic reflex is par for the course.
@@dancerinmaya6813 my point remains whatever you call it
Steve's arguments on the second point of Pettis were incomplete and biased, it was surprising Han Feizi didn't refute him-I don't have energy talking about it now. Han Feizi doesn't seem good at confrontation despite bright (he struck me as a very good tempered guy), no wonder on Twitter his main method of dealing with confrontation was 插科打诨😅。
Wow we had the same issue! This was the moment I got so frustrated about.