Sir Humphrey

Glad to see you. Don’t fight for the big picture which doesn’t include yourself.

[Sir Humphrey @GoofyHumphrey]

@ruishu0104 🤤🤤🤤DELICIOUS

[Sir Humphrey @GoofyHumphrey]

@Lapiklusaz81777 @Ynlsec @petersDavid88 @TheStudyer 这个扑克牌是什么玩法？

[Sir Humphrey @GoofyHumphrey]

@fxtrader Overcapacity? It would better to use “cost-distorting” describe China’s mechanism.

[Sir Humphrey @GoofyHumphrey]

@oldcat17798 @_FORAB The problem is high revenues from labor income but low assets rates and imbalance universal social security benefits. Taxation reform is the solution.

[Sir Humphrey @GoofyHumphrey]

@geniusvczh Policy dominated projects also, like so-called “Xin Chuang”, 😆

[Sir Humphrey @GoofyHumphrey]

@Wang_Winya @congcong0933 @520Seulgi @suika1986 God damn military schools. Whatever, every adult should be responsible for his decisions.

[Sir Humphrey @GoofyHumphrey]

@Athena7777777sy @520Seulgi Two adults made love voluntarily, what’s wrong? And one counterintuitive fact is, one person who has enjoyed the sense of excitement has lower tendency to keep extramarital affairs. Just like those who have never been to the battlefield always shout the war.

[Sir Humphrey @GoofyHumphrey]

@Athena7777777sy So? The suppression to pornographers is illegitimate.

[Sir Humphrey @GoofyHumphrey]

@bingmie2024 @Areskapitalon 中国居民在这个过程中会如何？

[Sir Humphrey @GoofyHumphrey]

@rwayne Yes, it’s true.

[Sir Humphrey @GoofyHumphrey]

@geniusvczh @7warroom I know you meant. Because such funds are covered up. The USTR report to the Congress on China trade condemned the “opaque and discriminatory subsidy and preferences” on selected sectors years ago, e.g. local industrial fostering funds, EV subsidies and tax premiums.

[Sir Humphrey @GoofyHumphrey]

@geniusvczh @7warroom You are right in market oriented areas. But China is not. E.g., province and municipality leveraged funds to incubate the solar industry and make it overcapacity. For the officials, the fear of accusation on “loss of state assets” accusation has higher priority than profits.

[Sir Humphrey @GoofyHumphrey]

@geniusvczh @7warroom Once crossing the gate of mass manufacture in a product, China will pour billions of profitability insensitive money into this sector, then premature the market from insufficiency to overcapacity. Iron, solar, EV, China repeat this pattern in every industry.

[Sir Humphrey @GoofyHumphrey]

@DTH03597062 One bad apple spoils the whole bunch. Alas🥲

[Sir Humphrey @GoofyHumphrey]

@STANLEES4 The biggest problem is tax regime. The major revenue source is enterprise, which incentivizes local protectionism in industrial capacity and ignorance in labor rights. Without successful tax reform, China's domestic consumption would be nothing but an illusion.

[Sir Humphrey @GoofyHumphrey]

@c_xiaxia Well, Chinese teas have various tastes. I only drink green tea and black tea. BTW, my most frequent drink is iced Americano.

[Sir Humphrey @GoofyHumphrey]

Anyone who leaves their hometown in search of opportunities or development deserves respect. Just having the courage to venture into unfamiliar environments to find a way forward is already impressive. Of course, this does not apply to children or grandchildren of "red elites".

[Sir Humphrey @GoofyHumphrey]

@geniusvczh This act is like a blank check, to authorize wide domestic surveillance by the purpose of so called “cybercrime prevention”. But, it looks like only drafted by a bureau of the MPS, and might face a strong backlash in the State Council’s reviewing.

[The White House @WhiteHouse]

Jiejun tried to finesse a wedding for a free pass — BUT ICE SAID NAH AND SWIPED RIGHT.

No dress. No vows. No citizenship. JUST DEPORTED.

IT'S A MATCH ❤️🥰

[The White House @WhiteHouse]

https://t.co/HtVCCxKJ0N