Simple reasons to invest in China come from simple people, like us May 23, 2007Posted by deminvest in China stock, GCH, growth stock, investment, investment strategies, risky investments.
We, the people see things better. We are the World and we make future World. This is why sometimes one of us blogging about his first 5 days to China and another-one of us commenting about same travel 30 years ago, can tell us more about this future economic super-power than any Wall Street Journal’s “China Insight”:
The best I can do is to quote them faithfully.
Blog Post by randfish:
” After 5 days in China, I’m completely unqualified to give any advice on the country, tourism, travel or search marketing, but I think that despite that, it’s still worthwhile to give my early impressions. Bullet points are a must, given the average of 5-6 hours a night of sleep, numerous blisters and a dead-tired roommate 🙂
- China is accessible – before coming to China, I had a lot of questions, and plenty of fears. Can you drink the water? (no) Are the hotels accomodating of English? (absolutely) Are the streets safe? (completely) Is it affordable? (for the most part). Today, a lot of those questions are answered, and I’d feel as comfortable traveling to most parts of China as I would visiting most parts of Europe. It’s certainly not the same, but from a global traveler’s perspective, it’s as accessible as any major city in the western world.
- The Chinese people are as unique and varied as anyone else – stereotypes about “Chinese” abound, and they’re almost all as completely inaccurate as stereotypes about Americans, Canadians, Mexicans or Indians. People here are like people everywhere – unique, not definable with simple adjectives, individual. There may be traits that are more popular here than elsewhere (slightly less friendly to strangers, often more friendly to friends, entrepreneurial, and much taller on average than you might first guess).
- Internet Adoption is Rampant – in the back room of tiny restaurants and washing machine repair shops in the poor neighborhoods of Xi’an, you’ll find an old computer and a young person surfing the web. Internet cafes are wildly popular in every neighborhood I’ve seen them in, and everyone in Beijing has a cellphone with web access (at least, that’s the way it seems).
- Political Discourse is Open – The myth that Chinese people are ignorant of their political climate or that of the world around them is totally false (at least, those we’ve met in big cities, and even in little shops on the outskirts). Like Americans or Mexicans or South Africans, they freely discuss the imperfections in their government and policies and how they think it should be made better. There’s no misconceptions, either, about the news you get from official sources vs. what’s actually happening – much as with US news, the educated folks here recognize that you don’t get the full story in the papers. The censorship of certain websites, search results, etc. seems almost useless – no one I’ve talked with is unaware of, for example, disputes on exports and trade deficits, the events at Tiananmen Square in 1989, the history of conquering Tibet or the many mistakes made during the cultural revolution (1966-76). It may not be as “free” and “open” as some western societies, but at least in big cities, or anywhere a tourist might find themselves (tiny towns near the Great Wall or the Terra Cotta warriors), knowledge is far more abundant than westerners presume.
Some of the things you hear about China that absolutely are not myths, however, include:
- A Big Population – There are no words to describe the size of a city like Beijing, and from what I’m told, almost no city on the planet rivals Shanghai. In the densest provinces, you cannot find a speck of unsettled land. In Sichuan, we’ve heard that you can drive from one end to the other, and never see an acre undeveloped.
- A Red Hot Economy – Three business cards per person is not uncommon, and neither are three jobs. Opportunity is everywhere and the myth of disrespect for foreign goods is completely unfounded – the Chinese, from all evidence, love western brands and goods and are as happy (if not happier) to consume these as home-grown items.
- Pollution – the air quality is generally terrible, save for just after a heavy wind or rain. In Xi’an and Beijing both, even on the outskirts (with the exception of this morning’s trek to a section of the Great Wall), it’s rough going. I’ve noticed that despite days and days in the hot sun, my skin has barely taken a tan, never mind burned. Comparable exposure in Seattle would leave me fairly crispy, and from what I hear, this is because of the thick, smoky haze that constantly hangs over us.
I know that in a week’s time, I’ll have much, much more to share, including a considerably better understanding of the China search marketing environment. Please do share your own knowledge of China below – I’m certain that many of our Chinese readers will have a much better idea than I about the truth of my early impressions above.
p.s. If you’re going to be in Shanghai tomorrow night (Tuesday) or the next (Wednesday) and want to meet up for dinner, shoot me an email 🙂p.p.s. Photos so far are all on Flickr – China, May 2007.”
“Mon (5/21/07) at 04:39 AM The last time I was in China was March or April of 1977. Being a westerner was still a curiosity in places. I cannot remember seeing a building over 6 stories in Shanghai. Watching the Chinese national ballet perform the myth of Persephone was just weird. The CAAC airplanes were practically falling apart and Chinese Migs were cracking sonic booms right over the airport. Yep, I really did bring my skateboard and surf the Great Wall.
Those two guys are telling me a few interesting things:
1) China has changed an awful lot in 30 years.
2) Young Chinese people seem similar to young Japanese and Westerns: free minded, good workers, good users of the 2 great tools of this century: English and the Internet. They are willing to be 100% part of modern global Economy and they will succeed.
3) Chinese people seem to have stronger desire to succeed than us. We have all. They have a lot compared to their parents, but they do want much more. They want to be well off and they will make it!
4) Since it is us, the people, who make the Economy, I have little doubt that soon Chinese standard of life will be similar to ours… Since they are many, that will bring an Economy much larger than US Economy… Meaning maybe ten times larger than what it is now.
5) I will continue to buy Chinese stocks