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analyst74 | 2 years ago
Sanction means those uncompetitive local startups don't have to compete with established players, giving them chance to catch up.
analyst74 | 2 years ago
Sanction means those uncompetitive local startups don't have to compete with established players, giving them chance to catch up.
hangonhn|2 years ago
I wish more people knew or understood this. The central government, as much as it wants, doesn't have great control on the local level. It's even enshrined in a Chinese idiom: 天高皇帝遠 or "Heaven is high and the emperor is far away". Furthermore, China's model is actually quite decentralized. There's a lot of freedom at the provincial and local level -- it pretty much has to but the CCP has been able to leverage it to experiment with different ideas at different provinces.
hackernewds|2 years ago
maerF0x0|2 years ago
However it acts like one much more so than many other countries, and especially under Xi jinping.
See also https://archive.is/ZoShw (NY Times Who Owns Huawei? The Company Tried to Explain. It Got Complicated. 2019)
DiogenesKynikos|2 years ago