Extremely based
isn't the fine supposed to be just for the Gov to keep "face" when companies are found out to blatantly break the laws and regulation? I think that after a violation you are "warned" with these small fines, and if you keep breaking the law, thats when the real jail comes upI feel the monetary fine is still relatively light. Maybe add in some prison sentences?
isn't the fine supposed to be just for the Gov to keep "face" when companies are found out to blatantly break the laws and regulation? I think that after a violation you are "warned" with these small fines, and if you keep breaking the law, thats when the real jail comes up
Same with all these big tech companies where they only take a $500 000 fine lol.
Its like a message that the Gov is sending to the industry, like stop your past practises, here take this slap on the wrist and change your ways, otherwise...
But yes, I agree that as Xi himself said, that China must transition to "rule of law" and build strong institutions in order to enforce the laws. Unfortunately this will be a slow transitio. In 15 yrs max it should be completed
China is huge though. All this history, past culture, past practises. Gov itself allowing some companies to break the law, immature institutions, country grown too quickly, huge unequality, legal court system difficulties (due to political system), inherent media weakness to expose corruption (due to political system), internal gov agencies pressuring for more control etcIdeally they should follow the Singaporean model. It will be very challenging though.
The title of the article already reveals the usual fallacy of the western MSM. Historically, China only isolated itself by own choice. Usual western bulls**t like "how to manage China, how to integrate China, how to contain China" is such a typical fallacy. A correct statement would be "will west be better if we decide to isolate ourselves from China".