“Apple has more of an impact on job creation in China than all of China has on America.”
Wow https://t.co/TCcAadwvG0
Saved by Daan Spangenberg
“Apple has more of an impact on job creation in China than all of China has on America.” Wow https://t.co/TCcAadwvG0
China’s part in international commerce may have been relatively small, but its internal trade may have been as large, if not larger, than that of contemporary Europe.
John Darwin • After Tamerlane: The Rise and Fall of Global Empires, 1400-2000
tax evasion and cash hoarding have left US companies – particularly tech companies – with a vast amount of money to invest.
Nick Srnicek • Platform Capitalism (Theory Redux)
“The fifty most valuable technology companies in the world were worth a combined $ 24.8 trillion as of 2024. American firms accounted for 86 percent of that total value, or $ 21.4 trillion. In other words, the United States is responsible for generating nearly nine out of every ten dollars in value of the world’s top technology companies. And of th... See more
In China, as in many other countries, the distortions created by financial repression are far greater than any distortion created by the currency.
Michael Pettis • The Great Rebalancing
But China’s growth is actually heavily capital intensive.