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> The only reason ByteDance isn't selling TikTok for example, is because the CCP said they weren't allowed to because it would make China look weak; that's not
by DiogenesKynikos 6y ago
> The only reason ByteDance isn't selling TikTok for example, is because the CCP said they weren't allowed to because it would make China look weak; that's not a decision that is up to ByteDance, because they're not in control of anything ultimately.
It's not because the "CCP" said they weren't allowed to. It's because the government of the People's Republic of China issued a new policy against exporting sensitive technology. The government obviously had ByteDance in mind, but this was a government policy issued in the normal way, not anything to do with Communist Party committees advising corporate boards. It's a response by the Chinese government to a measure taken by the American government against a Chinese company.
> They don't freely allow US companies [...] to operate inside of China.
A great many US companies freely operate inside China - many more than vice versa. China's economic development was largely driven by the "Reform and Opening-Up Policy." As the name suggests, a major part of that policy was allowing foreign companies to invest in China. Foreign companies did invest massively in China, gaining market access and taking advantage of Chinese labor. If you walk around any major Chinese city nowadays, you'll see the result: foreign companies are everywhere. Volkswagens, Hondas and Toyotas fill the streets. There's a Starbucks, McDonald's or KFC on every other corner. Everyone walks around with smartphones filled with American electronics. Chinese airlines fly fleets of Boeing and Airbus planes. The computers all run Windows or OS X. The idea that US companies can't operate in China is just very far from the reality, which is that US companies have a massive presence in China.