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> “Strengthen the construction of the national ‘Internet + supervision’ system, and realize the integration and aggregation of data from supervision platforms by the end of 2022.” I'll bet they're pleased with you-know-who's you-know-what.
Huh?
they really are keen on annoying investors aren't they. i wonder for how long tencent and the other conglomerates will obey these orders
They will obey as long as the state has power, which will be for the far foreseeable future.
The Chinese government has been smart enhance its power by keeping its domestic businesses in a strictly subordinate position and creating an environment were foreign businesses cooperate because dependence is the best business decision (e.g. Apple has no "plan B," it's China all the way for them).
And it might work out for them, especially if foreign nations continue to complacently indulge in free market Kool-Aid.
I have a fairly dim view of China's ethics and respect for human rights, and so tend to suspect the worst; however, the hyper-competition in China's production industries has led to product ecosystems rife with unsafe materials (e.g. lead), and other cut corners. Now that many Chinese are able to purchase the things they produce, I can imagine that safety regulations are starting to be demanded by the public, and tha…
Food shortage is going to cause riots in US, Canada, and EU for sure. Just based on the vaccine protests/riots, imagine what will happen when rationing is introduced.
He's going to crack down hard and control the population, so when the inevitable comes there is acceptence.
they really are keen on annoying investors aren't they. i wonder for how long tencent and the other conglomerates will obey these orders
Edit: If
I have a fairly dim view of China's ethics and respect for human rights, and so tend to suspect the worst; however, the hyper-competition in China's production industries has led to product ecosystems rife with unsafe materials (e.g. lead), and other cut corners. Now that many Chinese are able to purchase the things they produce, I can imagine that safety regulations are starting to be demanded by the public, and tha…
USSR followed the same path when their citizens grumbled about liberalization. State owned enterprises are now seizing power from private companies and foreign entities. Pretty soon you are going to see replays of USSR SoE dominance such as lack of innovation, bread lines, inefficient operation, and corruption. It seems xi jing ping did not fully study the downfall of USSR after all.
I have a fairly dim view of China's ethics and respect for human rights, and so tend to suspect the worst; however, the hyper-competition in China's production industries has led to product ecosystems rife with unsafe materials (e.g. lead), and other cut corners. Now that many Chinese are able to purchase the things they produce, I can imagine that safety regulations are starting to be demanded by the public, and tha…
USSR followed the same path when their citizens grumbled about liberalization. State owned enterprises are now seizing power from private companies and foreign entities. Pretty soon you are going to see replays of USSR SoE dominance such as lack of innovation, bread lines, inefficient operation, and corruption. It seems xi jing ping did not fully study the downfall of USSR after all.
they really are keen on annoying investors aren't they. i wonder for how long tencent and the other conglomerates will obey these orders
It will be interesting to see what a mass exodus of investment money leaving China does to their economy and geopolitics. Edit: If
2. Even if there were a mass exodus (Which won't happen, because #1), the factories, the expertise, the knowledge base and the human capital those investments paid for aren't going to disappear. All that will happen is that they will become China-owned, as opposed to partially China-owned.