Those listing via VIE structure will come under supervision of CAC for oversea listing in the future.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Most Chinese companies, even alibaba, are listed in the US via the VIE structure. That means US investors do not actually own the stocks?
That doesnt mean they wont have to take it over. They may be forced to do so.
Possible, but similar to Anbang Chinese government would try to offload the assets ASAP.
Really reads like copium, why won't China let us buy up everything with our freshly printed dollars..
What it is, it kind of stupid what they are saying.
The stark income inequalities in Western society, especially America, all stem from capital having more influence than labour or Joe Blow. The guys in the suits and Hillary in a pants suit dictate American domestic policy. We know how that is working out according to the wages earned by the workers for the past few decades. The wages of the portraitist has stagnated while the bourgeoisie kept getting richer in America since the days of Paul Volcker.
Clearly, the reason for that is capital is above the government in America. The American government listens to their corporate lobbyists who pay the bills and campaigns.
In China, it is the opposite, the government is still above capital. That is a big difference.
In the CNBC article, which is criticizing the Chinese government for being above capital and the interests of capital in the from the ride hailing app DiDi corporation, that is to be expected, but really weird.
The government is above capital in China, and that is bad.
Capital is above the government in America, and that is good.
But wage inequality and corporations having too much power is bad.
That is why the stupid Liberal media is the stupid Liberal media.
They are neither rightist, leftist, or Liberals. MSM is just 90% stupid.
All they really believe in is war is peace, love is hate, freedom is slavery, etc ...
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What it is, it kind of stupid what they are saying.
The stark income inequalities in Western society, especially America, all stem from capital having more influence than labour or Joe Blow. The guys in the suits and Hillary in a pants suit dictate American domestic policy. We know how that is working out according to the wages earned by the workers for the past few decades. The wages of the portraitist has stagnated while the bourgeoisie kept getting richer in America since the days of Paul Volcker.
Clearly, the reason for that is capital is above the government in America. The American government listens to their corporate lobbyists who pay the bills and campaigns.
In China, it is the opposite, the government is still above capital. That is a big difference.
In the CNBC article, which is criticizing the Chinese government for being above capital and the interests of capital in the from the ride hailing app DiDi corporation, that is to be expected, but really weird.
The government is above capital in China, and that is bad.
Capital is above the government in America, and that is good.
But wage inequality and corporations having too much power is bad.
That is why the stupid Liberal media is the stupid Liberal media.
They are neither rightist, leftist, or Liberals. MSM is just 90% stupid.
All they really believe in is war is peace, love is hate, freedom is slavery, etc ...
"capital controls everything in the West" is a lie propagated by commies, especially CPC. look at China's relationship with Australia, Japan and the US, if capital were in control, it wouldn't look like this.
CPC is certainly in control of everything and everyone's life in China, it seems you are proud of that. CPC actually doesn't deny its control, it's only trying to say that control by CPC is better than that of capital.
How is CPC supposedly claiming that capital controls policy in the West disproven by China's relationship with Australia, Japan, and the US? How would it look like if capital were in control of policy in the West? I mean in your version of reality that is. Because it's so abundantly clear that capital is in fact in control of much of western policy. It's not an absolute thing but you have failed to support your point outside of the usual "this is what I think and it's correct".
bajingan
Senior Member
Having a responsible and competent government in control of everything is much better than having a capitalist corporate interest in control, i will quote a member here who explained it perfectly below
"the capitalists will always exploit the workers for maximum profit. Take for example Amazon.
Jeff Bezos is worth over $100B while many of Amazon workers have little rest, there were even rumors that people in amazon has to wear a diaper to minimize bathroom breaks. People worked just to get enough for food and basic necessities. And this is not only limited to amazon but in all capitalist environments
because of this cutthroat competition and winner takes all nature of a capitalist system, industries will be left with very few gigantic monopolies. That is why we are seeing all of these
1.) google
2.) facebook
3.) in case for China in this post, there is Alipay and wechat Pay duopoly that controls so much of the digital payments system in China.
4.) etc
The Chinese leaders after Mao realized Mao's mistake. There is no shortcut to communism; one cannot achieve socialism without money; so instead they revived the merchant class but with a twist; private enterprises are back but all strategic industries are state owned. So that is why we have those gigantic Chinese state owned enterprises because it was consolidated and all small enterprises were let go. These strategic industries are the biggest money makers and it just make sense the money will go back to the state. Back in late 1970's there is no way for the authorities to know what future industries that might be dominated by private enterprises. So this is the historical background of those Chinese SOEs. They are needed to achieve socialism and to minimize the adverse impact of capitalism that will naturally come along with private enterprises"