Miscellaneous News

taxiya said:

Alibaba and Amazon are 商人 (traders) passing things and money from one hand to the other making no added values to the society. They are like lubricant of machine, necessary and even critical at some point but never the core and foundation, should never to be allowed to take the major chunk of resources and profit. Whenever they become too dominant, they should be cut into pieces, but we are not going to remove them.

BYD and CATL are making real things, they are the machines. They will be encouraged to be big, but on the condition that they don't suffocate the tech development, that is not being a patent bully to stop competitions.

In principle, there should be NO dominant power in industry, NOT even SOEs. The only dominant entity is the State, the country. Chinese businesses are only to be large to compete with foreign powers, but not to overshadow the state power. They are the tools of the state, not the owner and ruler of the state. If you study the Chinese history, you will realize that it is always like this. And this is the very reason that China remained an unified state for more than 2000 years.

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You always have to strike the right balance. In the case of Alibaba, even without government intervention they were already kind of stagnating, continuously losing ground to other e-commerce companies like JD and PDD, the latter of which seems like its doing what Alibaba never managed to do in breaking into Western markets, declining from being the top dog in Chinese e-commerce to simply only having Taking the hulking machinery that they were and breaking off into six autonomous entities pursuing their own market and development goals, seems like a necessary step to allow for more flexibility and increasing competition.

But as always, even if business can't too big for its britches and threaten the state, so too can the state not be too heavy handed in controlling big business, less they wish to stifle competition, innovation, and drive up unemployment. You can't just kneejerk cut up a company just because it gets too big, since that destroys market confidence. And some big businesses like BYD, Baidu, Bytedance, Huawei, and DJI actually do have the right idea in investing in R&D to churn out groundbreaking technologies.

Of course, even if you're in charge of 1.4 billion people, you're still human in the end, so sometimes you get it right and sometimes you don't. Just got to pray in the end that wisdom and experience influence decision making so that they more often than not it get it right for the sake of fostering healthy development and innovation.

Witchhunter12 said:

Okay, China is according to you facing an extinction scenario this year because of its leadership and when asked to provide a solution, you simply say more purges within the government. Not exactly helping your case here bud.

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China is not a nation know for massive purges and executions in the modern time as of now, I mean you get that from the EU and the USA for all the silly crap they love to start there and as of now are right by fully hated for it, so China has no need to sink to those depths. Besides China is changing and if the USA cannot meet halfway, it’s there loss. Their focus on war and their neglect on everything else is going to lead to a purge like scenario whether anyone like it or not. This is the perfect time to show the world the best of China and highlighting the worst of the USA to the world with evidence. Anyone who advises that China gets its hands dirty as a first resort is an idiot. Besides nothing does destruction to US soft power then pretty much anything the USA does right now, starting from Biden taking about hairy legs, ice cream and little Children. And in regards to hard power, the destruction of the dollar and the cutting off of world resources to the USA will do the rest. I mean the nations that matter (not the EU) can easily have the heart and balls to see that the USA is lead by a retard and the nation is rapidly sinking into hell and it’s all because of their nature as racism and violence and their tendency to double, triple and quadruple down on any and everything, reinforcing failure many times more and the funny part is that most of their brains died with the last generation while this current one is too stupid to live ( I mean who’s bright idea was it to use the likes of Blinken and Kamala Harris as ministers, seriously they should have been fired after their first failures)

1m is OPEC alone. much wider consensus. OPEC+ is additional. Iran is exempt. if Arabs accept Yuan as payment than it will become there interest that Yuan get stronger. and impose it on other countries. same with Gold. Turkey, EU, Japan, Korea countries with large energy deficits are going to feel it.
India is different as Indians earn money in Arabic currencies due to labor. even this Ukraine war cannot end unless Arabs are on board.

Witchhunter12 said:

You always have to strike the right balance. In the case of Alibaba, even without government intervention they were already kind of stagnating, continuously losing ground to other e-commerce companies like JD and PDD, the latter of which seems like its doing what Alibaba never managed to do in breaking into Western markets, declining from being the top dog in Chinese e-commerce to simply only having

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Taking the hulking machinery that they were and breaking off into six autonomous entities pursuing their own market and development goals, seems like a necessary step to allow for more flexibility and increasing competition.

But as always, even if business can't too big for its britches and threaten the state, so too can the state not be too heavy handed in controlling big business, less they wish to stifle competition, innovation, and drive up unemployment. You can't just kneejerk cut up a company just because it gets too big, since that destroys market confidence. And some big businesses like BYD, Baidu, Bytedance, Huawei, and DJI actually do have the right idea in investing in R&D to churn out groundbreaking technologies.

Of course, even if you're in charge of 1.4 billion people, you're still human in the end, so sometimes you get it right and sometimes you don't. Just got to pray in the end that wisdom and experience influence decision making so that they more often than not it get it right for the sake of fostering healthy development and innovation.

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My post should not be interpreted as "anti business". It is statement of a principle in China. How to translate that principle to good practice is the work of wisdom. It is understood without being said.

Japan has bypassed the oil price caps for Russian oil

Hood_Rat said:

To be fair the CPTPP already had Japan in it. This just means that instead of a 5% chance of China making it in, it's closer to a 0% chance now. Free trade agreements with members of the US alliance system are basically impossible now which necessitates a faster shift to the developing world.

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Overbom said:

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I wonder how many G7 countries really want to decouple from China? As for CPTPP, it means little for China once you realize how many FTAs China has with the rest of the world, not even mentioning BRI, AIIB, APEC, BRICS+, and SOC.

badoc said:

China and Singapore agree to upgrade ties, paving way for hi-tech cooperation

" Beijing and Singapore have agreed to upgrade their ties and extend cooperation to science and technology as well as supply chains, capping Singaporean Prime Minister Lee Hsien Loong’s week-long trip to China.

In a joint statement on Saturday, both sides agreed to upgrade bilateral relations to an all-round, high-quality, future-oriented partnership, a move which they said reflected their “desire to set the strategic direction and chart the development of bilateral relations going forward”.

The decision means China and Singapore can strengthen cooperation in areas including trade, investment, the digital economy, food security, finance and aviation, according to the joint statement.

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China will upgrade its FTA with Singapore to the highest level, and Huawei just opened a R&D center over there.

Zambia's opposition leader welcomes Kamala Harris. The US had a major role in turning Libya, one of Africa's richest countries, into a basket case with open slave markets.

Today's fine example of Western values:

sheogorath said:

Japan has bypassed the oil price caps for Russian oil

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Japan is becoming lose canon in sanctions.
These used vehicles have steering to the RHD. its the Left side that will be much more but not come directly but mix together with LHD of Middle east and Africa. Arabs will become so powerful that they can completely detach Africa and Asia from Europe. and than use that influence to get favorable permanent outcome.

sheogorath said:

Japan has bypassed the oil price caps for Russian oil

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Fingers crossed that they bypass the semi sanctions in six months.

taxiya said:

Alibaba and Amazon are 商人 (traders) passing things and money from one hand to the other making no added values to the society. They are like lubricant of machine, necessary and even critical at some point but never the core and foundation, should never to be allowed to take the major chunk of resources and profit. Whenever they become too dominant, they should be cut into pieces, but we are not going to remove them.

BYD and CATL are making real things, they are the machines. They will be encouraged to be big, but on the condition that they don't suffocate the tech development, that is not being a patent bully to stop competitions.

In principle, there should be NO dominant power in industry, NOT even SOEs. The only dominant entity is the State, the country. Chinese businesses are only to be large to compete with foreign powers, but not to overshadow the state power. They are the tools of the state, not the owner and ruler of the state. If you study the Chinese history, you will realize that it is always like this. And this is the very reason that China remained a unified state for more than 2000 years.

Click to expand...

There seems to be some misunderstanding about the Alibaba restructuring. From what has been stated Alibaba is going to become a holding company similar to Google’s Alphabet move. Alibaba will still retains wholly ownership of the Taobao Tmall subsidiary and likely retain some form of ownership of the other subsidiaries. This isn't some forced government breakup but a businesses decision to be more competitive innovative and efficient.