To me the complicating factor is “why”. I’m not sure why China as a government makes the calls it does.
It’s not clear to me that those aren’t just as self serving as say a big company in the us operating freely and so on.
It’s not clear to me that those aren’t just as self serving as say a big company in the us operating freely and so on.
The People’s Liberation Army, People’s Armed Police and Militia answer to the Central Military Commission which is subordinate directly to the Central Committee of the Chinese Communist Party.
It isn’t like the United States or Europe or even Japan or Korea. Your basic assumptions vis a vis how we work and therefore how they must work will never work when trying to serve as a proper lens for interpreting the PRC because the PRC is itself an institution subordinate to a Party which considers all aspects of Chinese society both public and private subordinate to the Party including State, Religion and the activities families and businesses of their subjects which in their eyes doesn’t stop at the border if you are of Chinese descent.
So if a business like Alibaba or a businessman like Jack Ma is challenging anything about that framework, or the laws of the PRC and policies of the CCP, they can’t afford to let that stand because the most important thing to them is maintaining their internal cohesion and power. Everything else is secondary or tertiary.
The government needs to recover from COVID.
Perspective:
As leader the in control, I see there's a company that has the largest payment network in the country. Well that can't happen. I need a slice of it. So let's "regulate" it.
why do you need a slice of it?
> why do you need a slice of it?
Greed!