A Quote by Daniel Wu
There's a huge interest in the Chinese market, and Hollywood has a huge interest in the Chinese market with films like 'Transformers' making more money over there than here.
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The Chinese government still would like to see U.S. Internet companies explore the Chinese market, providing they are willing to abide by Chinese law. I think companies like Facebook should think about the Chinese market.
We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.
There are photographers who push for war because they make stories. They search for a Chinese who has a more Chinese are than the others and they end up finding one. They have him take a typically Chinese pose and surround him with chinoiseries. What have they captured on their film? A Chinese? Definitely not: the idea of the Chinese.
I've read hundreds of books about China over the decades. I know the Chinese. I've made a lot of money with the Chinese. I understand the Chinese mind.
I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
What we're trying to look for is a process that is not responding to political pressures, but one that is responding to economic reality, because I do believe ... that it's in the best interest of the Chinese people to allow a market-based currency.
I don't think they (the Chinese) have better friends in Africa than us. But when we compare to how much money we get, if we succeed, if the MCA is funded by the US Congress for Tanzania, it's going to be $700 Million. It's going to be huge, it may be a total of all the Chinese have been giving us all these years.
I'm putting all my money in the Chinese toy market.
There are a lot of Chinese-American designers and Chinese designers who have had an impact a little bit on the American market, but I think it's going to be interesting to watch if, over time, somebody can emerge from China who is based in China, and whether they come and show in Paris, like Rei Kawakubo or Yohji Yamamoto did.
They [Chinese] have very smart, experienced people. I don't want to paint them all with the same brush. There was a little bit of a feeling that the stock market, which went from something like $4 trillion in valuation to $10 trillion, that the Chinese wanted that.
When you discuss your steel industry with China you are credible because you are part of the E.U., not because you are just U.K. You will be completely killed otherwise. You will never be in the situation to negotiate face to face with the Chinese because your domestic market is not relevant for the Chinese in comparison with their domestic market.
Chinese movies are not just about making Chinese local movies. It's about the Chinese money, the Chinese creativeness participating in a global movie. The problem is not the government not supporting this, they of course support this big time. The problem is whether other people are capable of doing the same thing I'm doing.
As a condition for entry into the Chinese market, Apple had to agree to the Chinese government's censorship criteria in vetting the content of all iPhone apps available for download on devices sold in mainland China.
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