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In terms of demographic Chinese population has now started declining. So China is no longer in need of aggressive, exploitative model of capitalism they were fo
by geodel 4y ago
In terms of demographic Chinese population has now started declining. So China is no longer in need of aggressive, exploitative model of capitalism they were following for last few decades because they needed job growth at any cost.
To western eyes suddenly Alibaba seems to be kind of hero standing up to authoritarian government but from what I read what really got Alibaba in govt crosshairs was its predatory finance business. I don't think any country would have liked this type of business but many would've tolerated because "free enterprise / follow the law" thinking.
So the way I see this is "law taking its course" Chinese way and proactively taking action against business which could be socially bad in future.