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Lemonade Stand

A Very Chinese Time… | Ep.055 Lemonade Stand🍋

25 Mar 2026

Transcription

Chapter 1: What experiences do the hosts share about their time in China?

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Boys, I know we have some stories about how I've struggled with trading in the past, but I have experience now. I believe I'm a little more advanced.

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You don't, but a lot of people do. You do not. And I want you to be so clear.

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Advanced traders like me could use active trader mode, one-click trading, and smart order tracking on Daisy Trade.

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Daisy Trade does have great features for advanced traders. You should not be using them.

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You are not. I... I, on Tasty Trade, it lets me trade stocks, options, futures, and more all in one platform. It offers low commission so you can keep more of what you earn like an advanced trader like me.

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You as in an advanced trader watching. Not you, to be clear. The royal you. There's a clause in our contract. Aiden is not allowed within 10 feet of the app.

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You've done become the trader I always wanted to be. Go to tastytrade.com slash lemonade today. Tasty Trade Inc. is a registered broker dealer and member of FINRA, NFA, and SIPC.

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Boys! We're in China. And this episode sponsored by Mina Wong Z rice crackers. We are going to get into this later on. A lot of exciting stuff about these rice crackers related news.

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Don't tell Vox. They will ask for a cut of that.

Chapter 2: What interesting stories do they tell about their train journey?

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We asked that one delivery driver. He said 15. 15. And then we asked that woman at the spa. She said 25. Right. So it's up in the air.

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There's a window here.

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Chapter 3: How do the hosts describe the infrastructure and trains in China?

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But everyone agrees with YouTube that China will collapse within the next 30 days.

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I will say, when we were on the 300-kilometer-hour train, I was shoddy craftsmanship. I was like, it's just... Stop and smell the roses.

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Chapter 4: What insights do they provide about the cultural differences in technology use?

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The water was hot. They heat the water for you. That's what's going to take down this country, is that every restaurant only gives you the scalding hot water. In the spicy food restaurants, they give you hot water. When you're eating spicy rabbit, it's like your tongue gets numb. All right. We've been here. Well, this is day five, six. This is day five. Uh, we, we flew into Shanghai.

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We spent two full days in Shanghai. We then spent a half day there and took an overnight sleeper train here to Chengdu, which you can see behind us is another one of the major cities. And, uh, in, uh, what a day tomorrow we're going to Chongqing. We're going to be spending a couple of days there where they're going to go to Shenzhen. We're going to be ending the trip there.

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Hopefully getting to look at some factories. We have been talking to random people on the street, people we've, uh, set up interviews with. We've been cruising and smoothing. It's all been quite cool and we're going to tell you all about it and what we've learned.

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Yeah, I made a homie on the train too. We're going to go get dinner with him tonight.

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Yeah, we're getting dinner with our random Chinese train homie who offered us tea. And slept next to us.

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Yeah, yeah, he did sleep next to us. We had two sleeper cars. There's four bunks in each. And we took that overnight from Shanghai to Chengdu. And he was our bunk mate. The three of us were in one.

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And then I think he was... Stefan and I were in another on the top bunk and it was it was loud.

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I contributed. We heard the couple in your guys's room was just hacking. Yeah, they were just going to town.

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They were snoring. I mean, to be fair, though, we were pretty far. We were a whole like two feet above them. So it's not like it was. It lulled me to sleep. There's a lot we could talk about. There's a lot of directions we could take. Brandon, what's an experience you've had so far that you think is notable? And then tell us about it. Tell why it's interesting.

Chapter 5: What are the implications of China's rapid infrastructure expansion?

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So there are these periods in Chinese history, and it's particularly from 1997 to 2007, they started expanding infrastructure. And then since Great Recession, they're like, we are massively investing in this. And they've just gone absolutely fucking crazy. So history is nuts. And now it's like a flywheel, right?

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Like if you have this much of your economy and system that is able to build this with that level of expertise, like it just keeps speeding up, right? Like it gets cheaper. And of course, very notable thing. You don't have to do land acquisition battles. The government, you don't have to deal with local governments. You don't have to do budget flights and fights in legislation.

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You don't have environmental law review stuff. You can just build. You just chop through it. Which is the obvious caveat to all of this, which is that there is not stakeholders around the country who get to really talk about it. I think the barriers are different. Any one of those things individually, you could argue is a good idea. And we did it in America.

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But when you add them all up, you end up what we have, which is so much red tape has choked our ability to build things on grand projects. So clearly there's a problem. I will say, you know, I don't know the specifics on like, my understanding is you do get paid a market rate. If you have land that is in the way of a project here in China, they just pay you. But you have to take the payout. Yeah.

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There is no option. You get paid out. And so like, you know, you can make the argument that somebody lost their grandfather's farm or whatever, but like, this is what they do to build gigantic projects that get done on time and they're good at it.

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And so it's trade-offs that people should think about more in America is like, maybe we need some of that, or at least to cut back on some of the regulations you put in place on those areas, because it's, Everybody can stop it. Everybody can lawsuit to stop it.

Chapter 6: How does China's surveillance system impact daily life?

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And so, yeah, it's interesting. What else? What else? What else?

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One thing, I think the surveillance is interesting. Oh yeah. Like how visible it is. And we, apparently the most obvious it is, is in Beijing. And like, we won't even, I mean, we won't even see that. So just being in Shanghai and then even in Chengdu, if you've ever been in a, Las Vegas Casino, it is honestly very reminiscent of that.

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There are cameras everywhere, especially inside buildings, but there's a ton outside as well. And aside from the fact that it exists, I think the reactions from people about it, one woman that Stefan talked to noted that like, oh, it's literally called Skynet, literally. is so good. It keeps everybody so safe. There's all this accountability for like traffic infractions, theft.

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A lot of the person at the university we're speaking with noted the fall in a lot of major crime in China and attributes a lot of it to this enforcement mechanism.

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I mean, your fucking American passport was on the ground somewhere in a train station. It was just returned information. Yeah.

Chapter 7: What role do delivery drivers play in China's economy?

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I mean, I think someone just handed it in. Yeah.

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I think that reaction of people have a confidence in the way that it benefits life here is in juxtaposition of the American view of it being so intrusive and painful.

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Yeah, I'll say it. My thoughts on it are a little dystopian that's called Skynet, and you see cameras everywhere you go, 100%. I will say the area where it clearly is just a net good, and we should probably adopt at least this area, is cameras regarding traffic. So they have cameras on every intersection everywhere.

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And the idea is if you are speeding, if you cross the line or whatever, you get a small ticket every time. And so the way he was talking about it was like, if they have a rule, people will, they have to do it.

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It's funny because I actually want to push back against this.

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Okay.

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The traffic here is insane. Not necessarily in the quantity, but in the way that traffic flows. I don't really feel like crosswalks are a great right of way here for pedestrians. People just drive ahead and don't really look at you. In Chengdu, there's been a ton of honking. It's interesting to me because all of these things seem to be acknowledged by people we talk to.

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They recognize that I wouldn't necessarily step out in front of a car with confidence on a crosswalk like you would in many parts of the US. But apparently, it is such a substantial upgrade in difference from what it used to be, and that is because of the camera infrastructure. So it's funny to be like, oh, it's so good here, when to me, honestly, it's one of the worst parts about being here.

Chapter 8: How do perceptions of capitalism differ between China and the U.S.?

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They will cut across. They have to have areas that have, like, literally barriers and walls to stop scooters from being in a snow scooter zone because outsiders have to go everywhere. Even Static was telling me there's a path along the river that's designed for runners. You know, it's made for runners. It's a pick lane.

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And now the runners have to, like, literally almost avoid it or go to, like, one side of it because scooters just use it because there is so much pressure. We spoke to a scooter driver. You know, they... They get paid on delivery and time is very, very important. And if you have a shortcut, there's any way you can make it. That's what they're going to do.

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They're going to, they're going to optimize their time. And so, yeah, I think it feels like you're playing Frogger when you cross the road. It's awesome. The scooters are truly insane. And, and what's weird is though, even they, I mean, I guess the cameras aren't hitting them or not. I'm sure how it's worked, but you know, the guy we talked to, he did get a fine. for speeding.

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And he was like, yeah, it's 50 yuan, which is again, seven or eight trips. So it's like a significant fine, but he still has to do it, I think, for the pressure of that job. So yeah, I think the scooters are very interesting. I think that's actually one of the things that struck me the most that I hadn't heard about too much or knew about, but didn't recognize how prevalent it is.

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There is multiple scooters almost everywhere you look at all times in the city. They're always traveling. Every shop you go to has a uniform delivery driver, often picking something up, going out, walking around. It's everywhere at all times. The ubiquity of these app delivery services is kind of at a scale that I haven't seen. It's kind of crazy.

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Yeah, the delivery driver stuff... Okay, we were talking about this kind of consistent flow and class of delivery drivers that kind of underpins everything in the city. As you walk into a building, it doesn't matter what type of building it is, there's always delivery drivers walking in, out of it, parking, going. There's... They exist in all facets of life.

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They're so present in a way that they aren't in the U.S., probably because everybody's in cars, and I think it is more popular here, 100%, partly because of how cheap it is. So you ordered three meals one of the nights that we were in Shanghai for 12 U.S. dollars?

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12 U.S. dollars total, including delivery. These were three full meals, chicken and rice and vegetables. delivered to our hotel by a guy. And all of it adds up to 12 total. It was an absurd number. Now we've sort of investigated a bit. And I think part of it is that there is a brutal competition going on between the three major delivery companies.

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And so they are, they are cutting margin to the bone. And that is why we're getting just a truly impossible deal. But it's like, the point is like, if you lived here, it's, and you make, you know, anyone white collar job, I guess it would be almost a,

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