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This is very worrysome: it this simply accelerates the already ongoing exodus of foreign owned businesses from China. Yes, human right activists, opposition mem
by anovikov 7y ago
This is very worrysome: it this simply accelerates the already ongoing exodus of foreign owned businesses from China. Yes, human right activists, opposition members and such, will simply continue using obfuscation as they do now, they are out of the legal space anyway and change of laws don't change anything for them. But businesses need to stay compliant. So they will leaving and with their money, share of government ownership, and thus government control of things, in China will keep creeping up. They are basically returning to Communism.
Good thing about it is that we know how it ends, Communism is not viable. Bad thing is that it leaves little hope for the current generation of Chinese...