Chinese Economics Thread

[manqiangrexue]

Ren is just a cog in a vast machine fighting for Chinese tech dominance, the work is done by the workers within the economic entity known as Huawei. Ren's role is assessing reports and issuing orders, and we don't know how many orders are his own creation and how many are him following commands from the State. Regardless, his person is replaceable even if his role as chief order-giver might be irreplaceable. In fact, it would be unwise for any organization to not plan for redundancy of leadership.

While it is true that any company should have a contingency plan to replace its leader when it needs to and Ren, being his age, has also surely laid out procedures for his departure (whether by planned retirement or more unfortunate circumstances), you cannot downplay the critical role of leadership. Scientists and workers are incredibly niche and most people can basically produce nothing useful themselves. It takes leaders with ambition and vision to guide them into a coherent entity. As far as I know, I cannot think of one successful company with incompetent leadership that can power ahead simply from the output of its workers. Usually, if the leader of a successful company departs and is replaced with someone who is incompetent, you can count the days before the company fades amongst its global competitors.

 

[voyager1]

Corruption indexes only show illegal corruption. Countries with legalized corruption like the US and UK have high numbers of billionaires. It's also self evident why these countries have legalized corruption.

Agreed. Who tf believes corruption Indexes. They are mostly mroduced by asking people their opinion on how much corruption exists.

So in the US, where lobbying is legal, most people dont recognise it as corruption and thus respond by saying the US has ni corruption...

And the indexed as bs, just have a look at the index of which nations were best prepared to deal with a pandemic lol

 

[Sincho]

Agreed. Who tf believes corruption Indexes. They are mostly mroduced by asking people their opinion on how much corruption exists.

So in the US, where lobbying is legal, most people dont recognise it as corruption and thus respond by saying the US has ni corruption...

And the indexed as bs, just have a look at the index of which nations were best prepared to deal with a pandemic lol

L

 

[Sincho]

L

Agreed. Who tf believes corruption Indexes. They are mostly mroduced by asking people their opinion on how much corruption exists.

So in the US, where lobbying is legal, most people dont recognise it as corruption and thus respond by saying the US has ni corruption...

And the indexed as bs, just have a look at the index of which nations were best prepared to deal with a pandemic lol

Granted the Corruption Index can be politically biased expecially towards countries not favoured by the West but I think we can all agree that it is believable for many 3rd world countries such as Somalia, Afghanistan, Nigeria , etc and these countries don't have too many billionaires.
As for the legalized corruption such as the vile lobbying system in the USA, this is a narrative that can be controlled whether China wants to adopt such s system or not which she should not.
The thing is I am against the extreme leftist tendencies I see in some members . Forbid it that China should return to the extreme leftist policies of the Maoist years which will only lead to stagnation and ruin.

 

[voyager1]

Granted the Corruption Index can be politically biased expecially towards countries not favoured by the West but I think we can all agree that it is believable for many 3rd world countries such as Somalia, Afghanistan, Nigeria , etc and these countries don't have too many billionaires.
As for the legalized corruption such as the vile lobbying system in the USA, this is a narrative that can be controlled whether China wants to adopt such s system or not which she should not.
The thing is I am against the extreme leftist tendencies I see in some members . Forbid it that China should return to the extreme leftist policies of the Maoist years which will only lead to stagnation and ruin.

Yep. Communism as an economic system has failed. This why China has moved to its own system (pls dont say anything about the CPC that it is communism lol..). Its a strange system of state-capitalism with socialist and communist elements mixed in.

Honestly, I would prefer if the Chinese termed a new name for its economic system because its obviously not Communism

 

[NiuBiDaRen]

Already posted

 

[voyager1]

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Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company's dominant market position.

Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world's most valuable companies, said it accepted the penalty and pledged to outline plans on Monday for bringing its operations in compliance.

The $2.78 billion fine is huge on absolute numbers but it is small relative to Alibaba's scale.

IMO, the fine itself is a slap on the wrist, but the "bringing its operations in compliance" is the real deal. So, solve your problems, toe the line, and dont mess around with the regulators because next time, punishment will be much heavier

 

[Jiang ZeminFanboy]

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[NiuBiDaRen]

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[Skywatcher]

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The $2.78 billion fine is huge on absolute numbers but it is small relative to Alibaba's scale.

IMO, the fine itself is a slap on the wrist, but the "bringing its operations in compliance" is the real deal. So, solve your problems, toe the line, and dont mess around with the regulators because next time, punishment will be much heavier

It's like the "too big to prosecute" fine levied on HSBC for laundering Mexican drug cartel money several years ago.