If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(NBC News)   Chinese investment in the U.S. is now at an all-time high. By the way, has anyone got change for a yuan?   (nbcnews.com) divider line 41
    More: Obvious, China Investment Promotion Agency, United States, Chinese, yuan, Chinese people  
•       •       •

829 clicks; posted to Business » on 25 May 2013 at 4:55 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



41 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-05-25 02:08:09 PM
upload.wikimedia.org
 
2013-05-25 02:20:17 PM
I've got a stack of yuans in sequential bills. Souvenir from my last visit.
 
2013-05-25 02:22:35 PM
Juans are flooding the country? Everyone pa... oh yuans. That's ok.
 
2013-05-25 04:12:38 PM
I'll panic when they buy Coca-Cola.
 
2013-05-25 04:17:57 PM
The Chinese are making headlines around the word

Stopped reading after that.
 
2013-05-25 04:41:42 PM

Principal Clarinet: [upload.wikimedia.org image 563x768]


Have you ever tried taking a 2 yuan note into Taco Bell?
 
2013-05-25 06:00:58 PM
If there's anything the Chinese like better than success it's the appearance of success.
 
2013-05-25 06:12:05 PM
They are doing what the Japanese did a couple decades ago.  China looks to follow that same trend as their economy looks shaky in many ways.
 
2013-05-25 06:12:11 PM

sentex: The Chinese are making headlines around the word

Stopped reading after that.


that's wacist.
 
2013-05-25 06:19:46 PM
I'll give you $5.
 
2013-05-25 06:20:27 PM

The All-Powerful Atheismo: I'll give you $5.


For 35 yuan
 
2013-05-25 06:46:38 PM
Yuan Valdez
 
2013-05-25 07:45:38 PM
Oh well, I like their accent more than the Indian accent.

Nothing against the Indian people, but for whatever reason I find parsing the speech of someone who is Chinese easier than someone who is Indian.
 
2013-05-25 07:54:56 PM

undflickertail: They are doing what the Japanese did a couple decades ago.  China looks to follow that same trend as their economy looks shaky in many ways.


Came here to say this.
 
2013-05-25 08:46:22 PM
I've got a button.
 
2013-05-25 08:59:40 PM

undflickertail: They are doing what the Japanese did a couple decades ago.  China looks to follow that same trend as their economy looks shaky in many ways.


20-30 years ago, the US was gaga for Japan.  It was seen as the future.  Hip, cool, powerful (economically and culturally). We wanted to believe that Japan was a success.

China, well, not so much. We want to believe that it will fail.
 
2013-05-25 09:00:28 PM
Yuan is the loneliest number.
 
2013-05-25 09:05:28 PM
It's kinda cute how the Chinese government spins this stuff, too.

They are investing in US T bills, for example, which are considered very safe investments.  They they can turn around and tell the people that "Americans own Chinese people over $3000 EACH!"

Hahaha, look how superior they are.
 
2013-05-25 09:24:24 PM
Well the Chinese stock market is often a total shiat show, which was why property prices spiked up since housing was seen as a much safer investment.  Even things like CDs and Savings Accounts aren't that attractive in that the interest rate is far below the inflation rate.  I was walking by an Evergreen branch (a fairly reputable Shanghai based bank, all the good private banks are from Shanghai for the most part) and saw a sign advertising 7% interest.  For a moment I was thinking "I need to go back to the hotel and transfer money out of my shiatty money market in America and get in on those 7% interest thing."  Then I remember that the inflation rate is above 7% (even if the CCP doesn't admit it).

Lots of Chinese money comes into America in the form of carry-ons full of Benajims because we're actually a safe place to keep the money.  Even some fairly major regional banks have folded (normally due to management cooking the books) and people lost a lot of money.
 
2013-05-25 09:26:04 PM

ecmoRandomNumbers: I'll panic when they buy Coca-Cola.


Will it be renamed to "Coca Cora?"
 
2013-05-25 09:28:00 PM

undflickertail: They are doing what the Japanese did a couple decades ago.  China looks to follow that same trend as their economy looks shaky in many ways.


www.simandan.com

I remember that crap in the 80s.  Michael Crichton's Rising Sun was all about how they were totally taking over and had already set up a parallel shadow culture on the West Coast or something.  It's like nobody knew what a damn bubble was in those days.  My favorite psychology professor told me when he moved to America from India in the early 1980s somebody told him, "Rajan, you'd better learn Spanish and Japanese before you go, because in the future you'll need to be able to talk to your neighbor and your landlord."
 
2013-05-25 09:32:10 PM

Harry_Seldon: ecmoRandomNumbers: I'll panic when they buy Coca-Cola.

Will it be renamed to "Coca Cora?"


Kekou kele.

I'm more worried that they'd alter the formula on a larf.
 
2013-05-25 09:32:56 PM
FTA:China Construction set up shop here in 1985 because the U.S. was the world's largest construction market at the time. Why are they still doing business here, when China is now larger and growing faster? Geographic diversification, CEO Ning Yuan tells CNBC, in case the home market falters.

Given the shaky nature of the economy (over leveraged local governments, corruption, pollution, rising wages, over reliance on central government stimulus) I would keep an eye on these investments.

Unlike the Japanese overreached of the 1980s, which was growth oriented, a huge spike in Chinese investment could signal a rush of capital out of the country in anticipation of a crash. And we don't want the Chinese government having to paper over a financial crash and recession by provoking more trouble with Japan (Run by World War II war apologist Abe), South Korea (run by right-wing nationalist Park Geun-hye)
 
2013-05-25 09:35:13 PM

Koodz: I remember that crap in the 80s.  Michael Crichton's Rising Sun was all about how they were totally taking over and had already set up a parallel shadow culture on the West Coast or something.  It's like nobody knew what a damn bubble was in those days.  My favorite psychology professor told me when he moved to America from India in the early 1980s somebody told him, "Rajan, you'd better learn Spanish and Japanese before you go, because in the future you'll need to be able to talk to your neighbor and your landlord."


ts4.mm.bing.net

"That gibberish he talked was Cityspeak: gutter talk, a mishmash of Japanese, Spanish, German, what have you."
 
2013-05-25 09:49:45 PM
At least China is bringing in investment to build sustaining companies. Most of American investment (VCs, Bain, and the like) is modeled for quick cash outs that don't help the long term economy of the country, but rather deteriorate it.
 
2013-05-25 09:51:36 PM
They got all that to cadmium rice.
 
2013-05-25 10:02:02 PM

Principal Clarinet: [upload.wikimedia.org image 563x768]


It's rare to see those one yuan notes any more, and just about impossible to find that two kwai note.  I have one that everyone I know would love to "trade" me for, and it's not even in good condition.

I have never seen that nifty dragon 100 yuan note before.  I want one now.
 
2013-05-25 10:25:06 PM
www.newser.com

O'Donnell warned us and we ignored her.
 
2013-05-25 10:29:19 PM
www.luke72.it

/ hope our future doesn't resemble the one depicted in this book...
// good read, IMHO...
 
2013-05-25 10:37:21 PM
shiat dropped my browser.
 
2013-05-25 10:40:03 PM
yah all the NBC news links drop my chrome browser. i bet fox news links don't.
 
2013-05-25 11:12:28 PM
♫ I'm living on a Chinese Rock...All my best things are in hock ♫
 
2013-05-25 11:55:26 PM

sendtodave: Principal Clarinet: [upload.wikimedia.org image 563x768]

It's rare to see those one yuan notes any more, and just about impossible to find that two kwai note.  I have one that everyone I know would love to "trade" me for, and it's not even in good condition.

I have never seen that nifty dragon 100 yuan note before.  I want one now.


Yeah, wanted to mention that. About 5-10 years ago (can't remember exactly when, but when I was living there), they started replacing all the notes with minorities and workers with standardized portraits of Mao. The 100 RMB note used to be blue, IIRC.

Also, they used to have 1/100th yuan notes. They were called 'fen'. I have a couple somewhere in yellow with an old-school truck on the back. I think they stopped issuing them about a decade ago as well.

Never seen the dragon 100 note. Is that new?
 
2013-05-26 12:01:23 AM

Seth'n'Spectrum: Also, they used to have 1/100th yuan notes. They were called 'fen'. I have a couple somewhere in yellow with an old-school truck on the back. I think they stopped issuing them about a decade ago as well.

Never seen the dragon 100 note. Is that new?


I'll get fen back when I pay my electric bill, etc.  Those these are little (almost) plastic coins.  Look like play money, worth about as much.

The image says that is from 2000, I guess?  Never seen one myself, either.  I'll ask around some.

Never seen that 10 kuai note either, actually.
 
2013-05-26 12:07:54 AM
Don't worry I bought about 100 shares of GPRC last week so........
 
2013-05-26 12:17:22 AM

Seth'n'Spectrum: Never seen the dragon 100 note. Is that new?


Ah, that image is from wikipedia.

http://en.wikipedia.org/wiki/Chinese_yuan

" The polymer note on the lower right commemorates the third millennium. "
 
2013-05-26 02:10:16 AM
Will the GOP require Chinese investors to show an ID to vote?
 
2013-05-26 03:29:44 AM

missiv: Will the GOP require Chinese investors to show an ID to vote?


Vote for what?
 
2013-05-26 08:19:47 AM
"Investing" in america sure does sound an awful lot like "buying the rights to american corporations profits now while we're sitting on mountains of cash".
 
2013-05-26 10:58:46 AM
Lets' see: we're broke, constantly at war, our bedrock personal freedoms continue to unravel in the name of fighting terrorism/leakers/politics, our children is not learning, we busy taking health care from people twice as fast as Obamacare can require it, etc.

We're either a rally good bet or the Chinese are idiots.
 
2013-05-26 11:46:27 AM

TomD9938: missiv: Will the GOP require Chinese investors to show an ID to vote?

Vote for what?


There's a misconception that if a foreigner invests a certain amount of money in the U.S., they automatically gain U.S. citizenship.  My understanding is that a foreign investor who invests at least $50,000 in the U.S. can become a permanent resident more quickly than other foreigners, but a foreign investor can't just buy U.S. citizenship by investing in the U.S.  And if I remember correctly, resident aliens are not allowed to vote.

That green card might come in handy for a foreign investor when the Chinese bubble bursts, since the burst might make China a much less pleasant place to live.

edmo: Lets' see: we're broke, constantly at war, our bedrock personal freedoms continue to unravel in the name of fighting terrorism/leakers/politics, our children is not learning, we busy taking health care from people twice as fast as Obamacare can require it, etc.

We're either a rally good bet or the Chinese are idiots.


Despite all of that, we're still a much better bet than China (with its massive bubble) or the Eurozone (with its terrible fiscal policies), and a much less risky bet than any  other rising power (e.g. Brazil).  The U.S. Treasury bill, for example, is still such a safe investment that its interest rate is below inflation--people who buy T-bills are basically paying for the privilege of holding our debt.
 
Displayed 41 of 41 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report