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by karmasimida
1663 days ago
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> China's tech companies, supported and subsidized by the government, will take over. This is going to be unlikely, when the Chinese government is actively kneecapping its own big techs. Data is going to be regulated like money, and not everyone is going to have the privilege to operate data on one's soil moving forward. No western companies could do in China, or vice versa. > US/Europe will be unable to ban these services entirely because their citizens depend on them too much. They can just ask it to sell, which was happening to TikTok, or setting up joint venture capital. They are many ways to do such things, government can make you bleed if they want to. |
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Remember that in China, the government is the kingmaker. In the US/EU, the companies are the kingmakers. China is simply reminding some of it's companies that this is the case.
As for the last, good luck. You have a coherent long term strategy that they are willing to sacrifice short term for on one side, and a completely incoherent mess that changes every 4-6 years on the US/EU side.
After they are finished kneecapping the US/EU companies, they will need these chinese companies more than china needs them. Not exactly a great negotiating position - there will come a point where you say "sell", and they say "nah, that's okay, we're good".