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> Every multinational business has to deal with laws in multiple countries that may be incompatible with others. Indeed, but why should Western countries allow

> Every multinational business has to deal with laws in multiple countries that may be incompatible with others. Indeed, but why should Western countries allow Chinese companies access to our markets when China offers absolutely zero reciprocity? It's one thing to operate in an economic/political sphere that shares a reasonable set of common political and economic values, and deal with the relatively tiny differences (tax codes, data protection laws, content moderation, advertising restrictions, ...). Hell even with larger differences (EU GDPR vs US laissez-faire), US megacorps can still freely operate in Europe. In contrast, it's a completely different thing to operate in China - either you are outright banned (Meta, Twitter, Google, ...) or you have to have a corporate entity where the foreign party must be below 50% ownership, and in some cases you have to install a parallel governance structure of the CCP [1]. [1] https://thediplomat.com/2019/12/politics-in-the-boardroom-the-role-of-chinese-communist-party-committees/ https://thediplomat.com/2019/12/politics-in-the-boardroom-th...

Dalewyn 3y ago
>why should Western countries allow Chinese companies access to our markets when China offers absolutely zero reciprocity? Money. China knows that the only thing the west (and arguably humanity) ultimately cares about is wealth, and so China's playing that game far better than anyone else. We are literally funding our own demise, hoisting our own petards, hitching our own nooses. I find the coming Pax Sino era terrifying and how well they play the world like a flute astonishing.
- mschuster91 3y ago
  At least a bunch of large companies have begun to wake up and to reduce Chinese dependency in their supply chains. Some because Chinese labor prices have risen to the point where the savings make it worth the effort, some because they fear a repeat of what went down during Covid, and some because they don't want to risk being stuck in China should the Taiwan situation explode. And then there are others like BASF or Volkswagen, who already showed bad decisionmaking in Russia, who now double down on China. Complete and utter madness - it's time for politics to step in here.

Dalewyn 3y ago

>why should Western countries allow Chinese companies access to our markets when China offers absolutely zero reciprocity? Money. China knows that the only thing the west (and arguably humanity) ultimately cares about is wealth, and so China's playing that game far better than anyone else. We are literally funding our own demise, hoisting our own petards, hitching our own nooses. I find the coming Pax Sino era terrifying and how well they play the world like a flute astonishing.

mschuster91 3y ago
At least a bunch of large companies have begun to wake up and to reduce Chinese dependency in their supply chains. Some because Chinese labor prices have risen to the point where the savings make it worth the effort, some because they fear a repeat of what went down during Covid, and some because they don't want to risk being stuck in China should the Taiwan situation explode. And then there are others like BASF or Volkswagen, who already showed bad decisionmaking in Russia, who now double down on China. Complete and utter madness - it's time for politics to step in here.