Hard for Chinese companies to collaborate with Ali Baba which was listed in US and majority ownership are foreign institutions. Jack Ma owns maybe only 15% shares? Biggest share holder is Softbank (Japanese) the rest are westerners. Ali Baba is a Chinese run company making money in China but owned and benefits mainly by foreigners. Ever wonder why the government was cracking down on Ali Baba and the West was making a big fuss over "China crackdowns on tech companies"?Yes, I followed Ali Baba's initiative but it was not really very thorough and serious. Research and development in this new design must be more advanced and why not collaborative between several companies such as huawei, oppo, xiaomi and others. And if this work is successful, it will be a great victory on the path to technological independence.
China should not have allowed foreigners to own such a big part of alibaba to begin with. This was probably because 20 yrs ago, the state enterprises were so arrogant that they looked down on a private companies, They thought private companies will never be as good as state owned enterprises. But today private companies like alibaba and tencent have shown that they are way more innovative and competitive.Hard for Chinese companies to collaborate with Ali Baba which was listed in US and majority ownership are foreign institutions. Jack Ma owns maybe only 15% shares? Biggest share holder is Softbank (Japanese) the rest are westerners. Ali Baba is a Chinese run company making money in China but owned and benefits mainly by foreigners. Ever wonder why the government was cracking down on Ali Baba and the West was making a big fuss over "China crackdowns on tech companies"?
China should not have allowed foreigners to own such a big part of alibaba to begin with.
A very bad way of thinking. Bad for China and China's aspirations to be exact.China should not have allowed foreigners to own such a big part of alibaba to begin with. This was probably because 20 yrs ago, the state enterprises were so arrogant that they looked down on a private companies, They thought private companies will never be as good as state owned enterprises. But today private companies like alibaba and tencent have shown that they are way more innovative and competitive.
China should allow small foreign investors, but disallow foreign oligarchies.I own some Alibaba shares (and I think a few other members of this forum do as well), and we're generally supportive and in awe of China's growth. What do you propose for people and investors in my shoes?
"foreigners" who support China do so for many reasons and if you remove some avenues that we can be financially vested in a subject, then that also removes some of the attachment for people to see a subject do well.
No. All investments, from anybody, must be welcomed as long as it doesn't violate China's national security/core interests. Oligarchies, Drug Mafia, Monarchies, Satanists, Dictatorships ...it doesn't matter. Do understand that countries are ready to die for FDIs the likes of which flow to China. Countries like India would throw Bollywood "parties" and Indonesia or Dubai will throw non Kosher/halal Dinners to have this kind of Investments.China should allow small foreign investors, but disallow foreign oligarchies.
Your question is over simplified. There is no simple answers. Every country and company is playing catching up with each others. Implying that China is always catching up against the best is simply cherry pickings. Like other countries China do have leading edge technologies in specific fields of this very vast fields. Samsung, tsmc, and intel are considered the most advanced chips manufacturers but they too have to relied on other countries vast supply chains to make their chips. China started late and low and growing but she is the country with the fullest eco system from raw materials to market. China present priority may not be 5nm or 7nm but rather the more lucrative nodes.Fair to say China will be playing catch up in the semiconductor industry way past 2030? @FairAndUnbiased @WTAN and others, your takes plz