The most informative comment I’ve heard about Chinese business is that one needs to take the western conception of state / military / corporation and chuck them out the window. In essence these are all descriptive functions of the same entity in China, and any apparent separation is just that—apparent. I know some may reply that, for example, Lockheed effectively lives at this nexus also. It’s a good argument, and pr…
The Chinese state of today is far worse than the most dystopian views the west had of Soviet during the Cold War. Then the western block tried to paint as a dark image as possible of the alleged enemy. Today it seems most try to paint as an rosy picture as possible of the Chinese state when in reality it is something right out Orwell’s nightmares.
Note. I have absolutely nothing against Chinese as individuals and people. It is the state that is scary, and to be honest; intimidating.