Let’s start with a video from
Professor X. Click here
or type the following in your browser:
Shenzhen has become the Silicon
Valley of the East, or in the next decade we would say the US’s Silicon Valley
is the Shenzhen of the West.
If you bought all the stocks on their uptrend and sell on the downtrend (using SMA-50%) in
the Shenzhen Exchange, you could be very wealthy and there is no need to read
my books on investing.
For example, it would take 9
months to assemble a new product but only 3 months in Shenzhen as most of the
components are readily available next door or in the next street. Shenzhen’s
advantages are no longer tax credit and cheap labors (but highly-trained
Chinese technicians, engineers and researchers). Many tech companies from over
the world come to Shenzhen to set up shops in order to be successful.
There are many high-tech products
from Shenzhen and they’re sold all over the world. Unless you’ve been living in
a cave for the last 10 years or you are blinded by your dumb nationalism, you
should know China is catching up with technology.
Under Deng’s vision, Shenzhen has
become one of the (if not the) wealthiest city in China. Your home work is to study the many articles
on Shenzhen starting with Wikipedia
or enter the following in your browser.
Extra credits. There
are several other Youtube videos on this amazing city. Why copying the current technology to make it better or using it
for a new product is creative and profitable? Any other countries copy Shenzhen's model and will they be
successful? Do you agree from the video that open source encourages copying
technology without compensation? What does our 9-year old most likely do with
no homework? Is it too early for the Chinese 9-year old study electronics and
programming?
Have a good day, class and no video game today.--------------------------------------------------------------------------------------------
The above is from my book "Can China Say No?". Click here for more info in Amazon.com.
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