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No more regulations like the EU please. Instead we should just make a deal with China: You allow all of our apps in China and we'll do the same. If not, we'll
by systemvoltage 4y ago
No more regulations like the EU please.
Instead we should just make a deal with China: You allow all of our apps in China and we'll do the same. If not, we'll ban your apps.
The first thing people should think about in trade is fairness. Let's not pile up more ungodly regulations hamstringing everyone and the problem still wouldn't be solved. Chinese apps will continue to skirt the loopholes of any law we can enact barring complete ban.
- kwere 4y agoChina would simple threaten big Western capital in china, and Wall Street will run to Washington crying about antiasian hate or whatever strawmen of the day. China gave some auditing book to PCAOB after decades of request only under threat of forced delisting from western markets [0] in difficult times for china. Worry not CCP is changing its regulatory framework to keep "strategic secrecy" (retaliating) to ban Big 4 to operate on the country [1] Remember that china still claim developing status at WTO to keep getting a lot of perks meant to equalize global competion like subsidized parcel shipment. Perks China obviously dont need [0]https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-secures-complete-access-to-inspect-investigate-chinese-firms-for-first-time-in-history https://pcaobus.org/news-events/news-releases/news-release-d... [1]https://www.bloomberg.com/news/articles/2023-02-22/china-urges-state-firms-to-drop-big-four-auditors-on-data-risk https://www.bloomberg.com/news/articles/2023-02-22/china-urg... [1]https://archive.fo/nXPRg https://archive.fo/nXPRg