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You are mistaken chinese market place is actually more competitive than the US. Instead of 1 amazon they have 3 instead of 1 Apple they have 3. Chinese companie
by xbmcuser 4y ago
You are mistaken chinese market place is actually more competitive than the US. Instead of 1 amazon they have 3 instead of 1 Apple they have 3. Chinese companies have some restrictions and lines that are not supposed to be crossed but they are the same for most of them. And Chinese government is uncomfortable with 1 private app/service controlling the whole market as they want that control so they promote smaller players which results in more competitive market.
- dejj 4y agoSpooky, how China figured out how to make capitalism work in the public interest. Notwithstanding that 'public interest' is defined by the party.
- unity1001 4y agoWhen you regulate the market, you enter social democracy territory. When you do it how much China is doing, you enter socialism territory.