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Post by Deleted on Nov 10, 2021 2:52:31 GMT
TRBCX has 1.41% in China, FCNTX has 0.15% in China as per M*. May be you meant some other funds.
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Post by rhythmmethod on Nov 10, 2021 4:17:00 GMT
Look, I think there are definitely risks involved in the China region. I have decided to cut my China specific funds. That's more due to my desire for less to keep track of. But I think this has way too much drama print footage. Does anyone think that we in the west hold proprietary rights to rhetoric? They have a different "party line" but if anyone here thinks they are all living on the same scale, think again. There are sections of Beijing that could be right out of Georgetown or upper east side. My intuitive guess is that when you start seeing lots of headlines warning of something, that's the time to be exploring increasing. Either way I'm mostly watching from the sideline with my play $ position in BABA.
Edit to add - I went to VWILX - Van. Int Growth. As of 9/30 the 4th position is Tencent and the 9th is BABA. China = 13.9%. I'd be curious to see what, if any, changes there were since then. If I was wanting to make a play here, I'd be seriously exploring increasing China.
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Post by chang on Feb 4, 2022 9:16:39 GMT
FBI director remarks on China last week: www.fbi.gov/news/speeches/countering-threats-posed-by-the-chinese-government-inside-the-us-wray-013122Excerpt: “ The complexity of the threat posed by the Chinese government flows from those new realities, because China’s government has the global reach and presence of a great nation, but it refuses to act the part and too often uses its capabilities to steal and threaten, rather than to cooperate and build. That theft, those threats, are happening right here in America, literally every day. That’s what I want to talk to you about tonight, the threat posed by the Chinese government here at home to our economic security and to our freedoms. Our freedom of speech, of conscience; our freedom to elect and be served by our representatives without foreign meddling; our freedom to prosper when we toil and invent. I’ve spoken a lot about this threat since I became FBI Director. But I want to focus on it here, tonight, because in many ways it’s reached a new level—more brazen, more damaging than ever before, and it’s vital—vital—that all of us focus on that threat together. “ Pretty strong words. Of course, he’s a politician and all politicians speak in rhetoric. Still, the market likes calmness, and these are not calming remarks. I seem to go through China-bull and China-bear phases, and right now I’m in a bearish phase. I’ve sold almost all my EM and China-containing funds except for FEMKX, and now I’m starting to wonder about that.
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Post by Chahta on Feb 4, 2022 12:57:19 GMT
China has a singular purpose and direction. They are just waiting for the US to stumble and fall down. We have no singular purpose and a helter-skelter direction. For him to have spoken at the Reagan library???
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Post by Norbert on Feb 4, 2022 13:09:20 GMT
Chinese industrial espionage and intellectual property theft are unacceptable.
I do wonder how China rationalizes this behavior. Is it primarily a secret government program? Or, does the nation as a whole condon it on some level?
With Russia, I get it that it's been invaded from the West three times. They want a protected sphere of influence. OK. Yes, we'd go crazy if Russia partnered with Mexico and supplied them with weapons. So, the debate is more complicated.
Just thinking out loud.
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Post by richardsok on Feb 4, 2022 14:05:40 GMT
Chinese industrial espionage and intellectual property theft are unacceptable. I do wonder how China rationalizes this behavior. Is it primarily a secret government program? Or, does the nation as a whole condon it on some level? With Russia, I get it that it's been invaded from the West three times. They want a protected sphere of influence. OK. Yes, we'd go crazy if Russia partnered with Mexico and supplied them with weapons. So, the debate is more complicated. Just thinking out loud. My understanding -- Like most nations (or individuals!) with a chip on their shoulder, China sees its history as a superior civilization that was unjustly exploited and abused by the West. To a large extent that viewpoint is valid. The western powers did indeed carve up colonies and areas of influence for trade along China's coast. They put down the Boxer Rebellion and demanded reparations afterwards.. Even today the word "Shanghai" evokes images of vice and corruption. When Britain forced its opium trade upon a weak, moribund dynasty -=- it was not one of perfidious Albion's finer moments. Then, after a century or more of all that, came the Japanese. And everything got much, much worse. So memories of yesterday's past abuses do much to rationalize today's aggressiveness. From the ChiCom leadership viewpoint, they are a superior culture; more intelligent and justly entitled to regional (and perhaps global) hegemony. It is the WEST that is terminally decadent. Like in the late 1930s (victimized by an unfair WWI settlement) Germany's National Socialism could boast of its new autobahns and full employment, China today proudly sees its new and mighty navy, its economy and sparkling new business centers as justifications for its policies. Britain and then the US were once manufacturers & producers for the world. Now it is China. And, yes, if you sense something ominous and fascist in Chinese leadership, I'd say you were on to something.
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Post by bb2 on Feb 4, 2022 16:40:23 GMT
I've wrongly avoided AMD for fear of a US gov crackdown on the company for sharing tech. Wall Street Journal has had an interesting timeline of coverage of AMD over the years. Start with this from Don Clark, WSJ, 4-21-2016 "MD to License Chip Technology to China Chip Venture" www.wsj.com/articles/amd-to-license-chip-technology-to-china-chip-venture-1461269701"Advanced Micro Devices Inc. has reached a deal to allow a new joint venture in China to produce chips there using proprietary technology long considered the crown jewel of AMD and its rival Intel Corp. Under the deal, AMD said it had licensed x86 chip technology to a new venture it is forming with Tianjin Haiguang Advanced Technology Investment Co., which will use the technology to develop chips for server systems to be sold only in China. In exchange, AMD said it expects to receive $293 million in licensing fees plus royalties on sales of any chips developed by the venture. The move, which could spur opposition from Intel, underscores AMD’s pressing search for new revenue following its long-running struggle in the microprocessor market. It also reflects China’s high-profile quest to become less dependent on foreign technology, using investments and acquisitions that at times have prompted U.S. government scrutiny." Then this from Kate O'Keefe 6-27-2019. "How a Big US Chip Maker Gave China the 'Keys to the Kingdom'" www.wsj.com/articles/u-s-tried-to-stop-china-acquiring-world-class-chips-china-got-them-anyway-11561646798"Advanced Micro Devices Inc. transformed itself from a financially struggling company to an investor’s dream in just three years, a turnaround that began with a decision to help Chinese partners develop advanced computer-chip technology." That deal may have helped save the company, but it alarmed U.S. national-security officials, who saw it as a threat to their goal to rein in China’s supercomputing industry. Last week, after years of friction, the Commerce Department issued an order that effectively bars several Chinese entities—including AMD’s partners—from obtaining American technology." Then this in Aug., 2020, by Asa Fitch and Euirim Choi, about how great Su is and no mention of China. "Lisa Su’s AMD Is Flying High as Rival Chip Maker Intel Stumbles" www.wsj.com/articles/lisa-sus-amd-is-flying-high-as-rival-chip-maker-intel-stumbles-11596732408I worried the US would crack down in AMD, especially under Trump but nothing happened and the WSJ seems to have forgotten it all.
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Post by retiredat48 on Feb 4, 2022 17:23:22 GMT
FBI director remarks on China last week: www.fbi.gov/news/speeches/countering-threats-posed-by-the-chinese-government-inside-the-us-wray-013122Excerpt: “ The complexity of the threat posed by the Chinese government flows from those new realities, because China’s government has the global reach and presence of a great nation, but it refuses to act the part and too often uses its capabilities to steal and threaten, rather than to cooperate and build. That theft, those threats, are happening right here in America, literally every day. That’s what I want to talk to you about tonight, the threat posed by the Chinese government here at home to our economic security and to our freedoms. Our freedom of speech, of conscience; our freedom to elect and be served by our representatives without foreign meddling; our freedom to prosper when we toil and invent. I’ve spoken a lot about this threat since I became FBI Director. But I want to focus on it here, tonight, because in many ways it’s reached a new level—more brazen, more damaging than ever before, and it’s vital—vital—that all of us focus on that threat together. “ Pretty strong words. Of course, he’s a politician and all politicians speak in rhetoric. Still, the market likes calmness, and these are not calming remarks. I seem to go through China-bull and China-bear phases, and right now I’m in a bearish phase. I’ve sold almost all my EM and China-containing funds except for FEMKX, and now I’m starting to wonder about that.My bold added above. FWIW, I have posted before that throughout yr 2021 I exited all my China-heavy funds/ETFs. Could China funds go up this year...of course. But it is of no matter to me. Safety and political risks, all the way to nationalization and complete loss of assets, is a risk I now choose not to continue or undertake. R48
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Post by johntaylor on Feb 4, 2022 21:10:36 GMT
I've made desultory attempts to invest there, most worthy of Kipling's epitaph: "A fool lies here who tried to hustle the East."
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Post by liftlock on Feb 5, 2022 4:14:09 GMT
I am trying to avoid investing is China due to the political risk. I lost money in China Mobile a few years ago when it was suddenly not allowed to trade on US markets.
I am watching the opening ceremony for the Olympics and wondering what companies' software was used to create the spectacular graphic displays.
I was amused when the march of Olympians began with William Tell's Overture playing in the background. I couldn't help but wonder whether the Chinese authorities knew they were playing the theme from the Lone Ranger.
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Post by Norbert on Feb 7, 2022 11:25:56 GMT
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Post by Deleted on Feb 7, 2022 11:52:58 GMT
Like many here, I also cut back on China. Sold BABA - lesson learned to leave this area to the pros. I have 2 emerging market positions and holding them with a very long term view - the larger positions is a mutual fund - FEMKX - bad performance this year plus I had a large capital gains distribution - 25% China. Then I have a small position in IEMG - 28% China. That's it. The rest of foreign holdings are developed countries - taking a very long term view on international holdings. Don't plan to change except to rebalance. Am at 20% of portfolio.
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Post by Deleted on Feb 7, 2022 17:36:26 GMT
I also have 20% international. Intl has not done well last 10 years and we have no clue if it will do better than US next few years. So why invest in it?
It has low pe than US. But if US has all high growth businesses than that seems justified.
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Post by steadyeddy on Feb 8, 2022 2:27:05 GMT
I have 0% in international equity.
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Post by Deleted on Feb 8, 2022 4:31:42 GMT
I am trying to reason it in my head.
People including me diversify to INTL so that we do not miss first 6 months of INTL outperformance. And we have missed 10 years of performance for it.
I hope that first 6 months of outperformance is worth it.
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