Why Has China Become the Wealthy Country It is today

We look back on how the People's Republic of China's transition spread the extraordinary wealth - and entrenched inequality - throughout the Asian giant as the country commemorates its foundation anniversary.

"China was extremely, very poor when the Communist Party took control," says DBS China economist Chris Leung.

 

"They relied on self-sufficiency because they had no trading partners or diplomatic contacts."

 

Since 1980, China has experienced a significant poverty reduction. The national poverty rate declined from about 90% in 1981 to under 4% in 2016, according to the World Bank's $1.90 per day poverty level (in 2011 prices at purchasing power parity), meaning 800 million fewer people living in poverty.

China has implemented a series of historic market reforms to open up trade routes, and investment flows during the last 40 years, lifting hundreds of millions of people out of poverty. This is a fascinating topic to write about because I am heavily invested in Alibaba (Ticker: BABA), a Chinese company. Because of this reason, I researched why and how China became the wealthy nation it is today. This article will explain the history of poverty in China and how it has become one of the leading nations it is today. Moreover, I will explain what progress China has developed and why I want to learn Mandarin again.

Charlie Munger’s Firm Doubled Down on Its Alibaba Investment

This is an exciting topic to talk about. If you read my article, you know that Charlie Munger, a close friend to Warren Buffett, invested in Alibaba (Ticker: BABA) stock. The stock dropped significantly after his first purchase; however, he recently just doubled down on Alibaba bet.  
 
I am holding Alibaba stock (Ticker: BABA) as the majority of my portfolio. I own 3285 shares of Alibaba at an average cost of $215.45. I am still down about 18% from my average purchase cost. However, I am still confident in this company because it is an excellent value growth stock. Because I am holding Alibaba stock, I am curious why Charlie Munger doubled down on Alibaba stock. This article is going to focus on information about Charlie Munger's recent double-down purchase on Alibaba. Moreover, I am going to mention the bull and bear scenario in investing in this company. 

My New Bedroom Workstation - 'The Famous Table'

People that have been reading my blog know that I am setting up a workstation in my bedroom. I really need this workstation for my bedroom since I want to be more productive during the nighttime. I believe having the convenience of working in my bedroom will help me be more hard-working. Before, I could not do any work when I was just hanging out in my bedroom nighttime. I'm too lazy to go to the office since I don't want to dress up. Unlike having a workstation in my bedroom, I can keep working even when I only wear my underpants.
 
The table I have set up uses the classical theme design. Personally, I prefer minimalist design more. However, because my parents' house is a classical design, I have to match it with that theme. Also, this table compares the theme of my other furniture in my bedroom. All of the furniture in my bedroom looks uniform and matches each other. I have been waiting for this workstation for a very long time due to Covid-19 Pandemic. However, I was finally able to persuade my parents to make one.
 
I know this topic is not related to investment or personal finance, but because this is the work setup that I will use to build my career life and my journey to financial freedom, I will talk about it. After all, this workstation is called "The Famous Table" for a reason. This article will share all the equipment and gadgets that I use to set up my workstation. I hope this can be an inspiration for readers interested in setting up a workstation.