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by seanmcdirmid
533 days ago
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Chinese companies don’t have to play by the rules in the same way that foreign companies do. China isn’t a rule of law country, and has explicitly stated that it doesn’t want to be a rule of law country. Instead laws are enforced selectively for whatever outcome the official branch wants at the moment (rule by law). They are perfectly willing to fine American companies when Chinese companies cheat (and not apply anywhere near the same enforcement to the Chinese company that actually cheated). Foreign companies have to be heavily aware of context just like Chinese companies do, but they will also be treated very differently in how and when laws are applied (not always to their detriment, China will elevate some foreign companies to show they are fair and open to FDI). |
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About two years ago China imposed regulations on its own tech sector so strict that it killed the entire "ed-tech" sector overnight and wiped out a decent chunk of the country's tech market value. What other country has done this to its own companies?
The US has slapped a 100% tariff on cars, bans on Chinese hardware and software in autonomous vehicles, ripping out 5G equipment, tried to basically destroy Huawei specifically, and the list goes on. Whatever local favoritism may happen in China, you realize that pales to the full blown protectionism that the US engages in. China hasn't even retaliated in kind. You're complaining about being poked with a stick while throwing a sledgehammer around. Am I supposed to believe the "TikTok ban" is anything other than completely absurd security theater? Like do you think the world is so naive they think this is how the "rule of law" works? You realize every time a Western politician utters that term everyone just laughs right?