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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: 3bar who wrote (857)	9/15/2018 7:13:40 AM
From: elmatador	Respond to of 13800

The Chinese government has been obsessed with tech. The current bubble features companies that use the internet to take business away from existing companies; so-called “disruption”. Airlines use commercial jets, probably the most hi-tech equipment in the consumer market, to carry people from A to B. But we don’t call airline companies hi-tech. Using hi-tech equipment doesn’t make a company hi-tech. It is puzzling why the government has manoeuvred so many resources into a bubble that won’t have a meaningful legacy. Only structural reforms can bring back good growth in China. Instead of wasting so much on pointless bubbles, China should go back to the fundamentals: cutting wasteful investment and returning the money to the people, while encouraging companies to be the best in what they do, instead of playing financial games. Hype of China technology stocks risks a replay of the 2000 US dotcom crash scmp.com