But ultimately, it's a distribution and incentive/mechanism alignment issue than a liquidity/solvency issue. The debt is internal, and China has more than enough rss, productive capacity, and h-capital to support it. So debt wise, it might be in the strongest position globally.
Izzat >> Face
Outscammed
太他妈的牛!
不得不佩服,印度人牛逼!
印度人狂借网贷不还!中资网贷出海六年,百家中资平台亏70亿退场。
印度修手机的拉杰什,从一款中资网贷App上借了8000卢比。钱到账5分钟,他换了个手机号,把App删了。
催收电话打到他通讯录里的朋友那儿,朋友问的第一句话是:你在哪个平台借的,帮我也弄一笔。
拉杰什后来接受采访时说了一句话,被传得很广:手机里冒出来的钱,凭什么要还。
这句话把上百家中资平台钉在了印度。巅峰时期,印度每三家在线借贷平台里就有一家带着中资背景,累计砸进去的钱折合人民币约180亿,六年之后整体亏损超过70亿,退出率超过95%。
头部中资平台的坏账率突破50%,中小平台飙到80%,放出去100块能收回20块就算行业优等生。
国内最管用的“爆通讯录”,逻辑是熟人社会里的面子约束,你不还钱,亲戚朋友同事都知道,你抬不起头。
到了印度,催收电话打过去,对方的反应不是“我劝他还”,是“你告诉我怎么下载这个App”。
印度有22种官方语言和数千种方言,催收团队准备的英语和印地语话术,面对其他语种的借款人根本对不上频。社会压力机制反转成了免费的获客渠道。
印度这个奇葩的地方,
印度人都是欠债不还吗?
Replying to @lylegoldstein
At this point, ath else would be superior strategy. How about a Weiqi game or a wok cookoff instd? Culturally appropriate, Confucian gentlemanly, televised for max rating, and offers TW a better chance than drone war. And if PRC loses, ROC deserves to claim the mandate of heaven.
RTX 5090 is now forever
xitter.cf/Polymarket/status/2111…
A video is going viral on Chinese social media of a gem vendor casually selling a full kilogram of lab-grown ruby. The comments are chaos.
People are calling it building material, suggesting it as a dumbbell, or asking if it can prop up a table leg. At a kilo, it’s less jewelry and more construction supply🤣
China is the world’s biggest producer of synthetic gems. Henan alone accounts for most of the global lab-grown diamond rough, while Wuzhou in Guangxi is known as the artificial gem capital, cranking out billions of cubic zirconia and synthetic corundum every year.
On Taobao, 3-carat rubies, sapphires, and diamonds regularly go for the price of a meal. Young buyers are skipping the consumerism markup, grabbing loose stones, and making their own jewelry. What used to be a rare geological miracle is now just affordable material.
Lab-grown and natural gems are essentially identical in composition, structure, hardness, and optics. The only real difference is origin and growth time.
Turns out “gem freedom” is just scale and practicality.
Now we are in the era of chudflation. xitter.cf/Polymarket/status/2111…
Re-education camp w/ American characteristics
看到袁腾飞抱怨美国医疗贵,我其实一点都不意外。
我20多年前来美国读书,第一天师兄就告诉我们:在美国一定要有医疗保险。 学校注册也要求必须有保险,没有就得买学校的学生保险。
后来我工作、结婚、生孩子,对美国医疗体会更深。我的双胞胎早产,住NICU,前后账单超过百万美元,是真正的“million-dollar babies”,但因为有保险,绝大部分都被cover了、最后我自己出的就一顿饭钱,70美元。
所以美国医疗最关键的问题,不只是“贵”,而是贵和保险紧紧绑在一起。有好的保险,遇到大病、手术、早产,保障其实很强;没有保险或者保险很差,压力就会非常大。
美国医疗弊端当然很多。医生、护士、技师收入都高,整个人力成本非常高;保险体系复杂,账单不透明,看专科有时还要等很久。但美国也不是穷人生病没人管。低收入人群有Medicaid,也就是华人常说的“白卡”;老人有Medicare。真正比较尴尬的,反而常常是收入不上不下、保险又不够好的中产。
还有一点很多新移民不知道:美国医院账单很多时候是可以谈的。 自费病人可以问self-pay discount,也可以申请financial assistance、charity care或者分期付款。
我以前在中国医院工作过,后来又长期生活在美国,所以两边都看过。中国医疗能够做到便宜、快速、方便,很大程度上是几代医务人员用极高的工作强度和相对较低的收入撑起来的。中国医生一天看几十个甚至上百个病人,在美国几乎不可想象。
但随着中国医务人员收入提高、医疗规范加强,这种低成本高效率的模式也很难永远维持。中国未必会走成美国这样,但未来同样会面临医疗费用、医生收入和等待时间之间的平衡问题。
所以移民美国,千万不要把美国想象成天堂。医疗贵,人工贵,房产税高,律师贵,修车贵,大学也贵,生活中会遇到很多问题。
但美国也不是某些人嘴里的“牢A”,不是普通人一生病就一定倾家荡产,也不是人人生活在水深火热之中。
美国就是一个优点和缺点都非常鲜明的国家。成熟的选择,不是先把美国想象成天堂或者地狱,而是把它的优缺点都搞清楚以后,再决定这种生活适不适合自己。
Replying to @AJButton2
Breaking news: Xi Jinping invites 100,000 Americans to Chinese McDonald's, along with 25% off coupons.
Replying to @mattyglesias
You are right, please send back every Chinese AI researcher, to ensure no spying. Remove all AIDC component from China, because listening devices. And cut off China from American internet however you like, because distillation.
Then it will be a fair race 🫡
Turing Complete retweeted
Replying to @pegobry_en
One innocuous post, followed by a string of not-so-innocuous posts to ragebait. 200 comments, almost all civil, a few rude or dismissive ones from Whites and Asians, but you only post the Asian ones.
Your Twitter and duplicity grindset far outclass Asians, so why be so modest😉
Ok, here’s a story about the Great Asian Grindset Debate.
A couple years ago we put our kid in a piano school run by a Korean woman living in France.
There’s a recital at the end of the year where all of the kids play; half Asian, which is very unusual for France, half White.
The Asian kids were all excellent. They were all an 8 or a 9.
The White kids were all over the place. There were 1s. There were 2s. There were 3s. There were also 10s.
The Asian kids all played, sorry but it’s true, somewhat robotically (which is no shame for a kid!).
The best White kids played with that extra dimension of soul and emotion that made them touch greatness.
The Asian kids were *all* 8 or 9. The White kids were all over the place from 1 to 10.
At the end the lady who runs the school gave a little speech, which was full of nice things, but had as a big throughline chiding the parents of the White kids for not making their kids practice more. At the end, she made a joke: "Remember, make your kids work, because no matter how hard they work, there’s an Asian kid next door who’s working twice as hard." We all laughed, myself included.
Do I think that the culture that produced those 8-9 kids is healthy, or one that I would like to see dominant in my country? Hell no.
Do I also wish that the White kids who were below an 8 had worked, say, at least 10% harder? Some 50% harder? Hell yes.
Replying to @robkhenderson
In your honor, I will call it "geopolitical luxury beliefs". Just like for domestic politics, these "noble" positions collapse under historical and realist scrutiny. And it's espoused by ppl least affected by bad policies, w/ an appalling record that make Woke look competent.
Unfortunately the entire West also doing mostly ritualistic and performative compliance nowadays.
Many years ago, during my time studying South Asian studies at Johns Hopkins University in the US, my professor solved a long-standing mystery for me: Why do Indians constantly emphasize "purity," yet their public sanitation is so poor?
The answer lies in the fact that what many Indians mean by "purity" is actually ritual compliance, not physical cleanliness. Consequently, a cup of water that looks greasy and filthy can be considered supremely "pure" simply because it was drawn from a specific sacred site, by a specific holy person, at a specific auspicious hour.
Once you grasp this distinction between ritual purity and physical cleanliness, it becomes easy to understand the attitude of many Indian scholars toward democracy. Just as they are willing to ignore physical grime and actual hygiene for the sake of ritual purity, they are equally willing to disregard tangible governance performance for the sake of democratic formality.
This explains why, in the classic debate comparing China and India, whenever outsiders point out that "India lags behind China" based on sheer common sense, the most common and lazy copium is: "We are simply unwilling to compromise our principles."
This is clearly a highly satisfying answer for many, for it allows them to claim the moral high ground while dodging the objective gap in actual performance.
However, the harsh reality is that if a cup of water is contaminated, anyone who drinks it will get very sick, no matter how ritually pure it is deemed to be.
By the same token, no matter how self-gratifying the obsession with democracy is, if it fails to deliver tangible performance, it will be exposed as an illusion the moment it faces a true test of hard power.
Turing Complete retweeted
It’s hardly a conspiracy theory. American foreign policy is undoubtedly « Grand Chessboard-brained » and combined with what British historian Denis Brogan called « the illusion of American Omnipotence » it has undoubtedly sharpened and hastened America’s loss of primacy.
America, had it been moderate and treated its primacy like the wasting asset like it is, could have ruled like the Zhou kings. Long after its vassal states became more powerful, customs and rituals…call it the international institutions of its day…bound the sinosphere.
« But Angelica! Eventually it stopped working and the warring states happened! »
In the long run we are all dead, Buttercup! The Zhou dynasty lasted around 800 years. Let’s say the last 250 was warring states. 550 years is still twice the lifespan of the the average Chinese dynasty.
Had America been more prudent, none of us here reading this would have lived to see the end of its primacy. Alas, it’s like all those emperors that killed themselves taking mercury pills in pursuit of immortality.
Turing Complete retweeted
我一学妹在北大读书,她说王虹回校做讲座时她就在现场,网上对王虹的评价完全是误读。
大家都在跟风吹捧她天赋异禀、靠智商碾压全场,但真正听过她分享的北大学子,都被她真实的一面圈粉了。
现场的王虹谈吐谦和、逻辑清晰,从不吹嘘什么天赋,反而反复提起“转专业那段日子有多狼狈”。头两个月她的作业全是红叉,班里同学都是竞赛金牌选手,就她一个半路出家。
要是她真信了网上那些“天才少女”的鬼话,今天就不会站在讲台上自揭伤疤了。可世上偏偏有这么多人,隔着屏幕就爱给人封神,好像不把人塑造成一个自带光环的怪物,就显不出自己眼光毒辣。
王虹干了件特别狠的事,她没飘,反而蹲下来,把脚踝上那圈最深的伤疤亮给大家看。转专业头两个月,她说“每天去教室都像上刑”。
别人随手就能解出的题,她得抱着书啃到凌晨两点,交上去的作业本依然红叉连成片。班里那些保送进来的同学,嘴里蹦出来的专业术语她听都没听过,想插话都找不到机会。
她说有回实在熬不住了,躲在教学楼顶层的厕所里大哭,哭完用冷水洗把脸,出来接着去图书馆占座。
这事儿她不说谁知道?
她讲这些时,台下几百号人安静得连翻书声都听得见。没有煽情的音乐,没有刻意的金句,只是平铺直叙,却比任何演讲都戳心。
北大的学生什么大人物没见过?
他们服的不是王虹后来拿了多少奖,而是她把自己掰开了晾在台面上说:看吧,我当初比你们大多数人都笨,作业全是红叉,课听不懂,甚至动过退学的念头。
有趣的是,王虹讲完这些,全场自发鼓了三次掌:
第一次是因为她提到第一次作业及格,把那张卷子存到了现在;
第二次是她提到当年嘲笑过她的同学,后来主动找她组队;
第三次是她最后那句:“别信什么天才,信那个在红叉堆里不肯抬头的自己。”
这三次掌声,狠狠打了网上那些“开挂论”的脸。
她没否认自己后来学得快,但她说那根本不是天赋,是前两个月憋的那口气找到了出口。就像一个人差点溺水,突然摸到了岸沿,往上爬的劲儿能小吗?
我学妹说听完讲座半夜都睡不着,脑子里一直转着那句“作业全是大红叉”。
她觉得特解气,原来那些闪闪发光的人,脚下也踩过一地碎玻璃。
她说王虹当时最后留给学生们的一句话让她至今难忘:“你们现在看到的我,是那个没被红叉打趴下的我。那个被打趴下过很多次的我,才是真正的我。”
AI datacenters on grill. This restaurant deserves a trillion dollar IPO.
Turing Complete retweeted
Replying to @W_T_Han
Very smart move on the Persian part. They should have built a statue to commemorate this ploy.
Iran was the commercial middleman. And if Rome and China make contact, and whether friendly or hostile, Iran would be in a tough spot.
And 80% of the people in the comments who got it right are also concerning.
So many potential Fields Medalists and AI founders gatekept by immigration and discrimination 🤡
Turing Complete retweeted
He did his PhD at CMU between 2015 and 2019 which overlaps with the period of the FBI's "China initiative" that treated every Chinese ethnic researcher in the US as a potential threat (and drove several to suicide).
Yeah, I wonder why he didn't stay in America...
Incidentally the Trump administration is doing even worse: the National Science Foundation just announced they're banning almost all collaborations with Chinese scientists (science.org/content/article/…). Guess what that's going to do to people like Yang Zhilin when they're told "you can't have any links with your fellow countrymen"?























