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@SemioticRivalry On the flipside TSMC is probably a pretty close proxy and still trades at a similar earnings multiple to 2020 (i.e. it isn't being significantly discounted)
"Chinese President Xi Jinping bluntly told President Joe Biden during their recent summit in San Francisco that Beijing will reunify Taiwan with mainland China but that the timing has not yet been decided, according to three current and former U.S. officials."
I think it is unlikely to happen, because the occurrence of this event depends directly on two aspects of the situation, on the one hand, is China's domestic situation, if China's economic and social conditions in a short period of time to change drastically, China's leaders may choose to invade Taiwan and distract the attention of the domestic, at present China's political and economic relative stability, although encountered some economic problems, but not to the 2030 On the other hand, it is still the attitude of the U.S. If the U.S. always promises to intervene in the Taiwan Strait conflict by force, China's current military power is far from the U.S. (and it is unlikely to overtake the U.S. in the short term), so China's current threat to Taiwan is more a demonstration of a political gesture than a real move into action.
I've added this question to
https://manifold.markets/dashboard/ww3
32 military planes of the People's Liberation Army (PLA) completely encircled Taiwan during air operations, according to a Taipei complaint. It is the first time that the Chinese army has made this journey completely surrounding the island.
(https://twitter.com/descifraguerra/status/1695409942197313910?t=tDHg3S7CHNbyQdnZ7rx34Q&s=19)
@JonathanRay China is far more powerful and imperialistic now than it was 20 years ago, to say nothing of 70 years ago. They're perfectly happy biding their time, and as they continue to amass a world class military to rival the United States, the time is only getting better.
@JonathanRay They did fire artillery on Taiwan for the first 35 or so of those 70 years, but yeah, generally I agree.
@jonsimon China gdp growth forecasts keep getting revised downward. Now it looks like they will peak below the US, and they’ll stay a few tech levels behind the US too because the best minds don’t want to be in China, so that will impair their military buildup.
@JonathanRay I agree with this. They cannot and will not ever be a place that imports the best and brightest. They will probably have to coerce the best Chinese to keep them from leaving. The Chinese miracle is over. It’s downhill from here.
@Breadbrowser Yes I know about the flooding. What do you mean by the CCP causing it? You mean in the rural areas to save Beijing?
@Breadbrowser Yes zhongnanhai you mean. I did see that they are funneling the water out of Beijing to the country side.
@BTE this market is not "Will China win", it is "Will China launch an invasion".
Dying countries lash out somewhat often (see Russia currently).