China cracking down innovation

[shogun47]

China is always into innovation, that's too clear in any technology aspects they have invented. Their government is just too greedy and wants to fully control their jurisdiction that no one will be above them, and that"s exactly what they're doing to all chinese business owners.

I agree with you... they are into innovations, they are constantly developing and that is visible, but in their wishes to control everything they can they are using all means! I don't trust most of the news from China, they are big manipulators! They are saying one thing, but under the table who knows what they are really doing and their real intentions! At least they are unpredictable for me, so I don't bother too much in analyzing them too much!

As we have seen with Jack Ma, maybe the Chinese government is afraid of rich billionaires getting influence over the people. Business owners and journalists still just disappear, but would that be possible if a large group of billionaires unites their voices? I don't know, but it is hard to play a type of opposition role as they just destroy your life. Jack Ma was kicked in the ass just for raising his voice. If they can kick his ass, they can probably kick everyone's ass, but how would that change? Who has the power in the state to establish more democratic processes? It is hard to imagine that that could happen anytime soon in China. At the same time the government knows they have to allow for innovation or else they will lose against global competition.

[1714953318]

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[justdimin]

As we have seen with Jack Ma, maybe the Chinese government is afraid of rich billionaires getting influence over the people. Business owners and journalists still just disappear, but would that be possible if a large group of billionaires unites their voices? I don't know, but it is hard to play a type of opposition role as they just destroy your life. Jack Ma was kicked in the ass just for raising his voice. If they can kick his ass, they can probably kick everyone's ass, but how would that change? Who has the power in the state to establish more democratic processes? It is hard to imagine that that could happen anytime soon in China. At the same time the government knows they have to allow for innovation or else they will lose against global competition.

I would say that they wouldn't care even if 100+ billionaires end up saying something. I mean it is obvious that they have a lot of power over people and they do not care if rich people start talking, they would just jail them anyway as soon as they get their hands on them. I would say only possible way for those rich people to talk and make a stand is taking their money out of china and putting it in USA or some other place that is safe, which we all know is not possible since China would not let them take all of their profits outside of China anyway.

So, they can't really talk and be safe, they will be in danger and that has been the case for most Chinese people who criticize china anyway. It is a dictatorship that kills anyone who go against them, so I doubt anyone could make any change.

[LUCKMCFLY]

There is something that many do not understand, the news helps us to keep ourselves informed only with what they can offer, there is much deeper news that most of us do not know, some news that are of great renown sometimes are not reliable, there is always some kind manipulation of information, and only those who are inside China are those who are experiencing the situation as it is and as it is, how everything is presented, many talk about the countries without even knowing the thought of those who are there, we broadcast opinions, which is normal, but there is something that is clear to me, in any communist system, people will never have happiness.

[paxmao]

As we have seen with Jack Ma, maybe the Chinese government is afraid of rich billionaires getting influence over the people. Business owners and journalists still just disappear, but would that be possible if a large group of billionaires unites their voices? I don't know, but it is hard to play a type of opposition role as they just destroy your life. Jack Ma was kicked in the ass just for raising his voice. If they can kick his ass, they can probably kick everyone's ass, but how would that change? Who has the power in the state to establish more democratic processes? It is hard to imagine that that could happen anytime soon in China. At the same time the government knows they have to allow for innovation or else they will lose against global competition.

I would say that they wouldn't care even if 100+ billionaires end up saying something. I mean it is obvious that they have a lot of power over people and they do not care if rich people start talking, they would just jail them anyway as soon as they get their hands on them. I would say only possible way for those rich people to talk and make a stand is taking their money out of china and putting it in USA or some other place that is safe, which we all know is not possible since China would not let them take all of their profits outside of China anyway.

So, they can't really talk and be safe, they will be in danger and that has been the case for most Chinese people who criticize china anyway. It is a dictatorship that kills anyone who go against them, so I doubt anyone could make any change.

As of now, BABA (the ticker for Alibaba company as listed on the exchanges) is not recovering. The actions by the CCP seem to have dealt a permanent blow to the investors trust in the system in the sense of treating investors fairly and ensuring the rule of law and an even playfield in the markets. I am surprised in fact that there are still Chinese companies that are not following this trend - perhaps investors are considering that this is a special situation that only affects DiDi, BABA and a couple others.