Chinese Economics Thread
- Thread starter Norfolk
- Start date
Beijing's silence is deafening on this issue, so yes. Also, they are moving their HQ to London anyway.
What a shameless piece of shit this trump is. I am so disgusted by his broad daylight robbery and asking for a share of loot.
People thought I was joking when I said Trump was personally going to get a cut of the transaction...
His justification will be because TikTok cost him his Tulsa rally, then TikTok transaction cut can go towards his reelection campaign to help right a percieved wrong...
I hope CCP steps in last minute and puts a stop to it
Hope Bytedance gets a good amount for the sale of Tiktok.
Also, Tiktok would be affected by PC culture more and since it's now under control of an US company, Microsoft will have to face the Torrent of new lawsuits on its way from now on from concerned Congressmen and Parents over vulgar /inappropriate content and pressure from Advertisers for curating content better.
It's going to be like YouTube with comment sanitization, video monetization, Content creator guidelines and stuff.
Wish well for Microsoft.
Also, Tiktok would be affected by PC culture more and since it's now under control of an US company, Microsoft will have to face the Torrent of new lawsuits on its way from now on from concerned Congressmen and Parents over vulgar /inappropriate content and pressure from Advertisers for curating content better.
It's going to be like YouTube with comment sanitization, video monetization, Content creator guidelines and stuff.
Wish well for Microsoft.
China will need to rely more on its own market and less on exports. Thats what true world powers do. Look at the US and india. They have trade deficits but are still big economies. Export-dependent nations can never be world powers because they are dependent on the willingness of other nations to open their own markets to them. And china in many ways, cheats the system (closing its market and subsidizing a lot of companies) while it expects other nations to open their markets. And this has been going on for decades now.
The problem is that china wants to keep its ineficient and heavly-indebted state capitalism economy, prefering instead to keep growing by exports and debt. it doesnt want to privatize its SOE, which AFAIK continue to constitute a large portion of the economy, including most of its large companies ( i remember reading in 1993 that the chinese SOE were white elephants. Many of them probably only exist to keep people employed. They surely arent as well managed as private companies) and reduce the weight of the state in the economy.
This unwillingness to reform, coupled with the growing movement to close markets to china in the US, japan, india and even somewhat europe, will end bady for china, no matter what people in this forum may think otherwise.
The problem is that china wants to keep its ineficient and heavly-indebted state capitalism economy, prefering instead to keep growing by exports and debt. it doesnt want to privatize its SOE, which AFAIK continue to constitute a large portion of the economy, including most of its large companies ( i remember reading in 1993 that the chinese SOE were white elephants. Many of them probably only exist to keep people employed. They surely arent as well managed as private companies) and reduce the weight of the state in the economy.
This unwillingness to reform, coupled with the growing movement to close markets to china in the US, japan, india and even somewhat europe, will end bady for china, no matter what people in this forum may think otherwise.
Since when did India become a true world power if you think China doesnt met the standard?