Why Ants group , Alibaba and China internet commerce Bad for China, and Xi cracking down


nastya1

Junior Member
Registered Member
Stocks are not indicative of health of economy.

Shanghai stock exchange collapsed -60% during 2008 financial crisis while China GDP grew 9.8% that year.

US stock exchange were hitting record highs with the country lockdown and 40 million unemployed and 100,000 deaths, most in the world.

Stocks go up and down in the short term largely on news cycle and emotional whim, or in recent US case, govt printing money.

Avoiding excessive de-regulation that lead to 2008 financial crisis is more important than short term profit or stock performance.
Stock is just one aspect but as result of passing of the antimonopoly law. More would come
 

Orthan

Junior Member
Ants IPO got hauled by government and Jack ma got summoned. Xi is not just cracking on Ants and Alibaba but also all other Chinese internet companies like tencent , Baidu.

IMO, what does this have to do with the strategic defence segment subforum? It should be posted on the china economics thread. There is no need to create unnecessary threads.
 

nastya1

Junior Member
Registered Member
IMO, what does this have to do with the strategic defence segment subforum? It should be posted on the china economics thread. There is no need to create unnecessary threads.
I guess They talk about what ants doing is endangering the national security that's why the government steps in.
 

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