The first lesson of doing business in China: the state comes first

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Xi Jinping has praised China's patriotic entrepreneurs such as Zhang Jian, who, alongside building a manufacturing empire, founded schools and China's first museum

after China emerged from Maoist isolation, mystery surrounds some big questions about its rulers’ views of the world.

Fresh confusion was caused when the government abruptly suspended what was expected to be the largest stockmarket flotation in history, early in November. Thatby Ant, a financial-technology giant, collapsed after its founder, Jack Ma, publicly grumbled about cautious regulators and small-minded banks. In China, many sensed a warning from the government that even billionaires must defer to the party. On November 12th Mr Xi sent another message.

A retired engineer from a state-owned oil company, Wang Yongjian, gazed at a bronze bust of the mansion’s owner. He noted that Zhang had passed imperial examinations with such distinction that, in another age, he could have served alongside an emperor. But instead, watching China’s agonies in the late 19th century, the scholar-official plunged into business. Mr Wang compared Zhang to British inventors of the first steam engines and to Henry Ford, a pioneering American carmaker.

 

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Answer! Stop doing business in China. We need self sufficiency now.

Your clients just loved that arrangement under Trump. Don't get so huffy.

California is the same.

In the USA, if you serve the state, you will be penalized. If you exploit the state, you will be rewarded handsomely.

Not too different from what was done to Huawei to keep mediocre American technology from being burried. Look at yourself in the mirror.

anti-Marxismlist! On my opinion, the human society is running on these: 1 technology define theoretical economic aggregate 2 labour define gross economy 3 finance system define distribution of wealth from gross economy

Is that even a sentence?

That happens in the west too, just in a different way

In the USA is the same, but disguised as Free Market. Free Market doesn't exist. It only exists a bloody fight between some parts for the Monopoly.

In Britain, if you serve the state, the state will keep competition at bay while giving you tax breaks and billions of £'s worth of dodgy contracts out of the public's taxes via cronyism.

good

He is the pride of my hometown

thank you very much for your work

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