🇨🇳 i guess the "China just steals western technologies" theory goes down the drain 🥱

👉 notice how there are no billion-dollar valuations on mere promises

that's something important that people need to understand about US equity markets - most valuations are fictitious

🚨 this doesn't mean that you shouldn't invest into US stocks or that you can't make money there

yes, it's a bubble - but that's the state of the global financial system. some areas are less of a bubble than others

also, US economy won't crash overnight like many predict here