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China uses anti-fraud app to track access to overseas financial news sites
- neonate 5y agohttps://archive.is/dCxl0 https://archive.is/dCxl0
- aurizon 5y agodeleted, the comments revealed the flaws
- trompetenaccoun 5y agoIt would never happen. Musk wants to sell cars in China, Tesla has important factories there as well. The Chinese government has a lot more leverage when it comes to these companies, they could simply shut them down without warning and crash the shareholder's stocks.
- Loic 5y agoThey will do it. The 100-year-CCP discourse of Xi clearly stated that he wants CCP to be self-sufficient. He will simply take control of all the West assets in China once he considers that the West cannot do anything against the takeover. West: in the sense everything but China.
- justicezyx 5y agoWell, you certainly underestimate Mr. Xi. He wants his state-owned enterprise to be so efficient and innovative that, it's useless to own the worse foreign assets. After all, Mr. Xi believe that his state owned enterprise will produce the best and the most desirable products on the market. Without foreign assets, the world would not open their market to Mr. Xi then. The same capitalism logic...
- postingawayonhn 5y agoI tend to agree with this line of thinking though Tesla has some leverage too. The factory complex Tesla has built in Shanghai has been funded with several billion dollars of local debt. If China were to seize the factory then Tesla would simply stop servicing that debt.
- mensetmanusman 5y agoI don’t know if this is true, especially in the case of Tesla. The fact is, China prevents money from leaving their country, so any western company in China is kind of a farce, because they can’t actually take their money out if they make any. What they do hope to get out of China though is intellectual property, which can pass boundaries without taxes. If Musk really has a utopian goal of decreasing emissions, he couldn’t care less if China took over Tesla China, because he won’t be making actual money from Tesla China anyway. Instead, he hopes that manufacturing innovations and ideas can be shared to his other factories. If china took over tesla China and didn’t share innovations, that would just be stupid on their part, because the rest of the world would be working together and sharing innovation without them.
- wongarsu 5y agoInstead of shooting down satellites and causing an international incident, along with risking Kessler syndrome, why not just prevent people from owning Starlink Terminals? You can enforce it fairly easily with import bans, and find smuggled devices by triangulating their radio signals (worst case equip a couple planes to fly over the country to look for Starlink radio signals). Or just strongarm SpaceX into not providing service to terminals in mainland China.
- Mindless2112 5y agoOr just jam it. https://en.wikipedia.org/wiki/Radio_jamming_in_China https://en.wikipedia.org/wiki/Radio_jamming_in_China
- ashtonkem 5y agoAren’t the current terminals quite large? They’d be hard to smuggle.
- Proven 5y agoWhere would we spend our subsidies if we didn't have Tony Stark and his inventions! Satellite internet (and TV) have been available - and illegal to use - in China for decades.
- trompetenaccoun 5y agoWhat the CCP's been doing over the past couple of months is worrying. I wish there were a nicer explanation but it almost looks like they're preparing for war, or at least increasing confrontation.
- depaulagu 5y agoYep, what the CCP's been doing over the past couple of /decades/ is worrying
- sersi 5y agoI'd say there's a clear difference between what they were doing post Deng Xiaoping and what they've been doing since Xi Jinping came to power. It's much more worrying now. I remember 15-20 years ago, my friends in China had hope that eventually it would open up but there's no longer any hope there. The few friends who are still outspoken (and are much much more careful than they used to be) now have no hope of this whatsoever.
- depaulagu 5y agoAgreed
- causi 5y agoThe difference is a turn in the tide of public opinion. The real battle, the one for the hearts and minds, has been won. Talk to almost any Chinese national who hasn't had a ton of international exposure, like a fresh international student. They either don't care about what the CCP is doing or they fully agree with the justifications.
- sersi 5y agoI agree but to be fair, I do remember that a lot of fresh international undergrad students just arriving from China tended to be very patriotic and pro-CCP even back in early 2000s. The difference is that a lot of them changed their minds after a few years living in a different country. I did notice back then that graduate students who had completed undergrad in China tended to be much less pro CCP and not buying that much into things. This does seem to have changed.
- jack_riminton 5y agoWas the cracking down always the plan for the CCP? use capitalism to rise the tide and then once everything has been modernised take control again?
- vmception 5y agoJust one of many plans that now has a decent opportunity presented. China can sometimes seem arbitrary but its much easier to think of it as a theme park than what we respect as governments. At a theme park, run by a corporation, you understand there are rules that can be enforced, your participation is limited and conditional, anything exploitative or erotic will be policed swiftly and heavily, and some exhibits are cordoned off and empty. Even if we want to imagine that everyone is woefully oppressed actively thinking about how oppressed they are, the day to day experience can actually be pretty pleasant and everyone also understands that it would be dumb to challenge the stewards of the park.
- jack_riminton 5y agoYes but in this case I think a more apt analogy would be of a funfair with lots of different stall owners who were under the impression that although they weren't completely free, they at least wouldn't have their stalls taken over at some point in the future
- cybernautique 5y agoI never thought I'd see an unironic invocation of panem-et-circenses[1], especially with regards to a sinofascist regime. It is extremely incorrect, untoward, and downright harmful to draw parallels between the CCP and, say, Busch Gardens. In a theme park, run by a corporation, I understand that the proprietors of said park will not: drag me to a detention camp; do the same, or worse, for the unfortunate souls who share my relation; imprison and enslave millions of ethnic/religious minorities; make extremely aggressive overtures against other "theme parks," to the tune of building artificial land to claim (in whole or part) the international commons. [1] https://www.mccc.edu/pdf/arc141/Bread%20&%20Circuses%20(Panem%20et%20Circenses).pdf https://www.mccc.edu/pdf/arc141/Bread%20&%20Circuses%20(Pane...
- ipnon 5y agoTechnically, this application appears to request all permissions for your phone. An FT commentator claims the app seems to leave spyware on your phone even after you delete it.
- baja_blast 5y agoSo like Zoom?
- Trias11 5y agoPlease - if you're posting paywalled articles - provide the way to read them without paying. Otherwise it looks like a sales pitch.
- dillondoyle 5y agoThe #1 comment on basically all threads now is archive.is and you simply need to do archive.is/https://whatever.url https://whatever.url
- EVa5I7bHFq9mnYK 5y agoWhy financial news sites are so dangerous? My guess police officers are looking for people with illegal wealth overseas for a little shake up.