nomay's comments

nomay | 3 years ago | on: Leaving China

The reality is someone have pay for those beautiful infrastructure, not going to be the incumbents due to political arrangment, then it’s the vulnerable newcomers shouldering all of it. Just think about those terrifying condo prices.

nomay | 3 years ago | on: Leaving China

I think it’s not just foreigers with unfavorable origins, in their speaking of ideology/regime/path confidence, anyone not subscribing and contributing to the greater good, foreigners or not, are not welcomed and supposed to stay and share the pie.

nomay | 3 years ago | on: Leaving China

The regime has trumpeted the superiority of their political and governing system since the second month of covid-19, in stark contrast to the decadent and degenerate west, daily news started with data of how many more thousands died in the US.

That’s a good 2 whole years on a roll, no matter how illogical it seemed, it worked.

Until spring 2022, from where it lost control.

nomay | 3 years ago | on: Amazon has radically transformed small businesses in both the U.S. and China

Amazon sellers are actually researching the market and designing new products, which can't be said about domestic Chinese brands and sellers that are mired in cutthroat price dogfights.

The profits maybe not be that big, but big enough to drive a skeleton team, make a small fortune. One item with $500 a day in revenue can let you make more money than a typical coder.

nomay | 3 years ago | on: Jack Ma flees to Tokyo

From the party's view, although e-commerce helped in driving down consumer prices despite sky-high inequality and property speculation (much to the party's plan and advantage), he should remain manageble and of use.

The principle is simple for any entity (and a wild west capitalism stint too), when the party need you, you give them your best, and when they don't, according to their grand plan, you must sacrifice without a word.

Nothing is more important than the safety of the party and the ruling class.

nomay | 3 years ago | on: A Chinese American gangster transformed money laundering for drug cartels

The property market is way over-priced during the fast and furious two-decades quest to blow a credit tsunami.

Now that the credit tsunami looks to inexorablly ebb under its own weight, a looming population implosion, the party will have to prevent a collective cashing-out from the speculators they once rolled out the red carpet for. esp. in the form of offshore currency.

By trapping them in, to keep people from panic dumping.

nomay | 3 years ago | on: Super apps are proliferating across emerging markets

COVID measures made WeChat a must have for anyone except toddlers, since you need to show your green COVID qr code to enter public spaces, and almost any Chinese had done one if not daily obligatory mass testing, in which various WeChat applets are required.

You can live perfectly fine without it before, buy you simply can't legally live in China without a working, updated and ready-to-open WeChat now, since last year.

The CCP also did their whole national census on a WeChat applet, it's the defacto governing tool.

nomay | 3 years ago | on: Super apps are proliferating across emerging markets

You are shut out, and with the latest CCP censorship measures you are forbidden to creat accounts "web-wide".

So I guess you should just keep your mouth shut other than harmonious online activities to avoid that doomsday situation, like me, I never use WeChat or Weibo to do anything other than keeping in basic touch, since you don't know which mundane word would become sensitive, trigger the censors and get you banned, there's no appeal.

nomay | 3 years ago | on: Super apps are proliferating across emerging markets

The Android Wechat app came bundled with a years-old fork of webview, coz the Android scene is a total mess, various vendors not only never update their system apps, but actually substitute it with their custom versions, this made it unusable and a “Chinese Webview” necessary, so wechat got one, all of Tencent's services use it plus plenty of third party apps, since almost every Android 5+ phone has the latest WeChat and their WebView fork.

So this situation almost made their platform mentality an inevitabily, now they only need to define a set of principles for then to be a mobile OS.

I'd say their applet thing can do 99% of the things a standalone app could, but the development speed , reach and functionality you can get is unmatched, best of all, it's the one true unified cross platform OS: on Android, iOS and Windows, but Chinese market only.

So it's not a super app, it's a mobile OS.

nomay | 3 years ago | on: Korea shatters its own record for world’s lowest fertility rate

In China it's directly tied to you eligibility to nearly all local civil services, since something like 60% of the condo price goes to local government in the form of land sales (70 years rental actually) plus taxes, not to mention the mortgage rate from predominantly state-owned banks doubles that price again.

It's state-owned condo cartel, naturally, prices just keep skyrocketing, hence the "6 wallets for a down payment (the couple and their parents)" meme, but they'll just blame the greedy capitalist developers like Evergrande.

So combining the two factors, buying at least one condo is a prerequisite for marriage now.

nomay | 3 years ago | on: Korea shatters its own record for world’s lowest fertility rate

Don't know what it's like in Korea, but in China, it's pretty common to have pension higher than local average salary if you were in the state job system, which is absolutely huge. This is due to the polical power dynamic.

Many provinces are barely scraping by, young workers are not only effectively directly supporting pensioners, they are now delaying young workers retirement age, and you better not believe the old folks will willing to eat into their own money.

nomay | 3 years ago | on: Can the Visa-Mastercard duopoly be broken?

Paypal charges the seller $8 fee for every dispute, $16 if the dispute rate higher than 1.5%.

And $2500 dispute fee for each order deemed against their Acceptable Use Policy.

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