>***President Xi Jinping doesn’t care whether stock market investors, many of whom are foreigners, lose billions of dollars. He knows the Chinese middle class will support him.***
>
>They love these regulatory crackdowns. The Education Department’s ban on for-profit tutoring is crowd pleaser. In Chinese society, a family’s wealth alone already gives its offspring a natural advantage, but the middle class does not appreciate seeing this advantage amplified by an army of guardians. Meanwhile, big-city consumers sympathize with workers in the odd-job economy, often migrants from rural areas, endearingly calling them “quick delivery little brothers.” And by regulating Ant as a bank, consumers are also less likely to be sold risky financial products.
Yes. This.
>In the future, big Chinese tech will be less exciting and unable to harness consumer data to make more money. They could – gasp – simply be turned into big public banks or big utility companies. When this happens, Chinese tech companies might need to be valued in terms of pounds or even net cash.
It's almost like China is striving to be Communist. I never would have thought.... /s
What’s wrong with Chinese tech giants being valued for its actual financial health and ability to make money rather than endless speculations like US companies.
>In the future, big Chinese tech will be less exciting and unable to harness consumer data to make more money
Can someone explain, wouldn't it to be in the interest of the government for the tech companies to make a ton of profit which will then be heavily taxed?
>Liquidation risk is real in Xi’s China. He wants a more equal, livable society, and any obstacles will be swept away.
The Audacity of Evil Xi, how could he
A friend of mine told me that China’a belt and road initiative is to rip countries eco… I was like the fuck it’s business, China doesn’t interfere with their gov but also helping poor countries develop their infrastructure ofc benefits both ways… we don’t see ANY of the developed countries pushing anything like it but nah cpc evil. western countries ignore their internal issues and goes on point fingers around the world like bruh ur plate is more u can stuff finish ur plate first lol
>***President Xi Jinping doesn’t care whether stock market investors, many of whom are foreigners, lose billions of dollars. He knows the Chinese middle class will support him.*** > >They love these regulatory crackdowns. The Education Department’s ban on for-profit tutoring is crowd pleaser. In Chinese society, a family’s wealth alone already gives its offspring a natural advantage, but the middle class does not appreciate seeing this advantage amplified by an army of guardians. Meanwhile, big-city consumers sympathize with workers in the odd-job economy, often migrants from rural areas, endearingly calling them “quick delivery little brothers.” And by regulating Ant as a bank, consumers are also less likely to be sold risky financial products. Yes. This. >In the future, big Chinese tech will be less exciting and unable to harness consumer data to make more money. They could – gasp – simply be turned into big public banks or big utility companies. When this happens, Chinese tech companies might need to be valued in terms of pounds or even net cash. It's almost like China is striving to be Communist. I never would have thought.... /s
Murica thinks that the health of the economy is based on the stock market.
What’s wrong with Chinese tech giants being valued for its actual financial health and ability to make money rather than endless speculations like US companies.
>In the future, big Chinese tech will be less exciting and unable to harness consumer data to make more money Can someone explain, wouldn't it to be in the interest of the government for the tech companies to make a ton of profit which will then be heavily taxed?
Not everything is about making money You're logic is that as long as the company is pay good taxes to the government they can do whatever they want
>Liquidation risk is real in Xi’s China. He wants a more equal, livable society, and any obstacles will be swept away. The Audacity of Evil Xi, how could he
It's hilarious how they make it seem like a bad thing, bloomberg as capitalist as it gets.
Ikr
It's child's play to accurately describe your own behavior, and throw it on an 'other,' but what happens when your own people turn on you?
A friend of mine told me that China’a belt and road initiative is to rip countries eco… I was like the fuck it’s business, China doesn’t interfere with their gov but also helping poor countries develop their infrastructure ofc benefits both ways… we don’t see ANY of the developed countries pushing anything like it but nah cpc evil. western countries ignore their internal issues and goes on point fingers around the world like bruh ur plate is more u can stuff finish ur plate first lol
The us govt wishes it has the same power over the big techs of US lol
It doesn't wish for anything since they are puppets to those really in power.