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> That's the world's largest, most powerful media company, forced to beg on its knees just to get access to build in China. Nobody is forcing them to build in

• adventured 9y ago
  Of course China can do what they want with their country. You're standing up a point I wasn't challenging in the least. The issue is: China is barely an accessible market for even the most powerful and largest of international corporations. Their rules for domestic entities are dramatically different than the rules for foreign entities, which is an intentional effort to restrict foreign competition and access to their economy. China wants to have its cake and eat it too. Developed economies will increasingly shut down China's access in the same manner as China does, ending China's free ride. That process is already well underway with the US and Western Europe, as both have begun blocking China's ability to acquire local companies and technology. China will find it increasingly difficult to sell higher value products into the US and Western Europe (by far the two wealthiest economic regions on earth), restricting potential economic expansion for China.
  • bonesss 9y ago
    It does seem like they have found a very effective "short term" strategy that will have a lot of trouble succeeding as their markets reach parity with ours. Then again, maybe they're ok sacrificing long-term global growth to increase their domestic situation to something comparable to Europe or the US, at which point it won't hurt as much...