### Comment:
I'll also add that Taiwan doesn't have the wealth effect that's currently perpetuating Chinese growth. My friends in Taiwan, *working for western tech companies* are making $25k a year. There's no wealth gain that will propel consumer spending. With China, you're also inadvertently getting an appreciating currency effect, whereas TWD has been pegged for decades. I could go on...

### REPLY:
Please, keep going.  
  
 I was considering a small position in YQ, but their business model alone seems a bit 'limited'. So all this additional detail is pretty much all I needed to sit this one out!

### END.