Earlier quoted context omitted.
This is an article about allegations of anti-competitive behavior, and China has just spent a year enacting many new rules to foster competition among their tech companies. In many areas they went too far, and their approach to enacting the rules led to mass, unnecessary fear, but the spirit behind a lot of the changes was good. e.g. Alibaba can't ban links to competitors within their social apps. Apple does not allo…
I know nobody asked me, but personally I think your POV is right. I was listening to this podcast the other day about just this and the impression I got was "Wow, this may be good for the average Chinese person", I'm talking exclusively about the drive to enhance protections for citizens. https://podtail.com/podcast/caixin-global-podcasts/china-sto... It's narrated by an Asian-American guy, the article is written by…
Yes, I'm no fan of China's authoritarian nature, but the rules they are enacting must be judged on their own merits. And frankly, many of them are appropriate and coming from the perspective of increasing competition.
Basic economics implies that increased competition is good for the consumer.
The place where china really misstepped was doing everything suddenly and abruptly, which sparked tons of fear and scared investor capital away from their companies.
This part is a bad outcome due to increased cost of financing/debt for their companies, less competitive on engineer comp due to lowered share price and so on.
They could have done the same regulations but with much more forward notice and detailed their thinking rather than handing down abrupt decrees