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Also the elephant in the room is that by design, Chinese companies aren't constrained by BlackRock's ESG rating. Western companies have to devote significant r
by poorbutdebtfree 4y ago
Also the elephant in the room is that by design, Chinese companies aren't constrained by BlackRock's ESG rating. Western companies have to devote significant resources to "diversity, inclusion, and equity" while Chinese just hire by meritocracy. I bet they wake up and go to bed laughing at our ridiculousness.
- comte7092 4y agoI’m not sure that major tech companies are all that heavily driven by esg ratings, but you’re definitely correct that there’s a difference in work culture. Chinese tech is notorious for the 996 work schedule, that wouldn’t fly in the west.