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A Scary Truth: China Is Now More Advanced Than the U.S.By
Thursday, June 8, 2017
Greetings from Beijing, China...
You probably won't want to hear what I have to say today. You won't want to believe me.
You might even be angry with me... or call me "un-American."
But I'm not being un-American (or pro-Chinese) today. I'm just calling it like I see it...
Beijing – the capital of Communist China – is more advanced than anywhere in the U.S.
Look, I wouldn't have believed it if I hadn't seen it myself...
It's painfully obvious, though – right when you leave the airport.
If you followed in my footsteps after landing in Beijing, here's what you would have experienced in the first hour alone...
After leaving Beijing's beautiful, futuristic, massive airport, you are instantly on high-speed Wi-Fi – in a taxi, on your way into the city.
The first thing you do inside the taxi is video-call your family – while going 70 miles an hour – to let them know you made it to China. You make this 70-mph video call for free... using the Chinese app WeChat.
You look up from your call and realize the highways have tons of "green" space – all perfectly manicured – with flowers in bloom, and it never ends. You think, "Who is doing all this work?"
You then notice the highways are in perfect condition... And they're full of luxury-brand cars – Audi, Mercedes, BMW, and more (plus some nice-looking Volkswagen models that you don't recognize). You think, "Where do all these rich people come from?"
You drop your bags with the bellman at the JW Marriott and head next door to get some real (not airplane!) food.
You walk past Tesla electric-car charging stations as you enter SKP Beijing – which turns out to be the highest-end shopping mall you've ever seen.
You pass Cartier, Gucci, Tiffany, and every other high-end store you can imagine on your way to the restaurants at the top. ("Who shops here?" you wonder.)
You walk straight into Din Tai Fung restaurant... and end up having one of the best meals of your life. (Apparently the New York Times ranked it one of the top 10 restaurants – in the world.)
Not a bad first hour in Beijing...
As I walked out past the Tesla charging stations, with the ultramodern mall in the background, one thought crossed my mind: "If I wanted to film a movie that's set in the future, I would come to China to do it."
I could share a bunch of fancy statistics about how far China has come. But heck, come see it for yourself. One hour in China, and you'll be convinced too. It doesn't take long at all to get an overwhelming sense that Beijing is more modern than any city in America.
I know it sounds crazy... The capital of Communist China is the last place you'd expect to see "the future." But that's what you get, right here, right now, in Beijing.
I'm certain that people are going to be angry at me for writing this today. I'm sure that people will call me un-American.
I realize that I'm not going to change their minds.
Hopefully, you are open-minded enough to listen to what I'm saying...
Beijing is more advanced than any place in America. If you don't believe me, then you haven't been here.
It is fascinating, and worth the trip. Get over here if you can. See it for yourself. Then – like me – you'll want to invest here. The upside could be significant...
Good investing,
Steve
Further Reading:
"Like Japan in the '80s, China's stock market continues to open up to foreigners," Steve writes. China is changing – and opening up to the world. When Japan went down the same path, it was one of the greatest booms in stock market history. Now, history may be repeating... Learn more here: Japan's 527% Boom... And Why China Could Be Next.
"Most were astonished at what they had seen..." Peter Churchouse writes. Years ago, he visited China with several of America's most influential money managers. They saw incredible growth – on a scale unthinkable in Western economies. Learn more here: My Hands-On Experience With China's Market 25 Years Ago.
Market Notes'CHINA'S PRICELINE' IS BREAKING OUT Today, a look at the impressive performance in a company you've likely never heard of...
This week, our friend Peter Churchouse has been sharing his insights on why you should put your money to work in China today. Regular DailyWealth readers know Steve is super-bullish on Chinese stocks, too. And for good reason...
We can see this by looking at shares of Ctrip.com (CTRP). This company allows users to book travel arrangements on its website – plane tickets, hotel rooms, etc. It's China's version of Priceline or Expedia. And while you've probably never heard of it, the $30 billion Internet behemoth has a larger market cap than household names like Hershey, Dollar General, and Best Buy.
Because of its dominant market position, Ctrip.com shares have enjoyed huge gains over the years. This week, they touched a fresh, split-adjusted all-time high. And shares are up nearly 45% this year alone. If Steve and Peter are right, and Chinese stocks are in the early stages of a massive run higher, Ctrip.com will be one name to keep a close eye on...
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