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I would say "optimistic" not necessarily "realistic" perspective. Although some American journalism may show alarmism when discussing China, they are not compl
by joejerryronnie 8y ago
I would say "optimistic" not necessarily "realistic" perspective. Although some American journalism may show alarmism when discussing China, they are not completely wrong here. The Chinese government is very aggressive when trying to establish an economic hegemony over a certain industry or geographic region. Their ability to formulate and execute broad agendas across government and industry (e.g. China 2050, Belt & Road, etc) is quite impressive but everyone knows China is not really playing fair (e.g. government subsidized "private" companies, questionable business ethics, obfuscation of company data, theft of trade secrets, currency manipulation, different sets of rules for non-Chinese companies/investors, etc.) It's a bit like gambling in Vegas. You may not know the exact methods, but you know the system is setup so that the house always has better odds than you.
As Xi continues to lock down China and exert more and more control, it will be interesting to see if China's central economic strategies and dynamic startup industry will continue to flourish or if they will be crushed under the weight of totalitarianism.