following in europes footsteps china seems to be doing it's best to destroy it's tech industry hadnt expected this wonder if something spooked themhttps://www.wsj.com/articles/chinese-tech-stock-selloff-deepens-11627369038 …
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this is the most unnecessarily grating and hostile thread I have ever encountered but it has some claims about chinese industrial policy the policy is well it is certainly a policyhttps://twitter.com/ruima/status/1420060835313971200?s=19 …
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its like chinese leaders read the book on china getting stuck in the middle income trap and said yes. that is what we want. and also read the book on south africa and said also we want that please.
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A point brought up by Dan Wang (cited in the noahpinion post) and others is that Chinese leadership is not being secretive about their intentions.
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its tricky though i mean do you take everything western leaders say at face value idk
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it's just China being China, typical central power consolidation at expense of all other forms of progress and innovation.https://twitter.com/ne0agent1c/status/1402680462682869763 …
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my uninformed guess is it's partly Noah's thing (Chinese leaders think too much Internet is a waste of resources) and partly Chinese leaders think the leaders of that sector are getting too powerful Chinese leaders cannot abide anyone else getting too powerful
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The Ant Financial thing was just continued looting Ma’s empire. The other plays are going after companies that’s have US exposure. They are creating a separate internet. They view data as important & don’t want domestic companies coming under US jurisdiction (being US public cos)
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Thiel made similar arguments in favour of hard tech.
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As he's completely wrong on anything I'm knowledgable about I'm not going to read his speculation here. Lost my well curated lists with my last account. Too lazy to rebuild but it's so useful if you want to know what a group of ppl that know wat they are doing are thinking.
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