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Just read Biden's executive order on competition. Very close (and surely coincidental) parallels with what Chinese regulators are getting up to these days. 1/5https://www.whitehouse.gov/briefing-room/statements-releases/2021/07/09/fact-sheet-executive-order-on-promoting-competition-in-the-american-economy/ …
US exec order: "Prevent ISPs from making deals with landlords that limit tenants’ choices." China's MIIT for past 6 months: actions to prevent building management companies from doing deals with ISP to limit consumer choice in commercial buildings. 2/5 https://www.miit.gov.cn/ztzl/rdzt/gytxyfgfcgz/mtbd/art/2020/art_e563c03ef6814035abcc8ef06f944a41.html …
US exec order: "Announces an Administration policy of greater scrutiny of mergers, especially by dominant internet platforms." China's SAMR for the last year: Increasing oversight on M&As by tech companies. 3/5 https://www.yicai.com/news/101103380.html …
US exec order: "Encourages the FTC to establish rules on surveillance and the accumulation of data." China's CAC: Establishing rules on what data can be accumulated under what circumstances by apps (kind of): 4/5 http://www.cac.gov.cn/2021-03/22/c_1617990997054277.htm …
US exec order: "Encourages the FTC to establish rules barring unfair methods of competition on internet marketplaces." China in February: Releases major anti-monopoly policy for the platform economy: 5/5 http://www.gov.cn/xinwen/2021-02/07/content_5585764.htm …
This is gold.
Same things. USA: Good China: Bad
As Sun-Tzu said “Fight the Han with Han methods”
Awesome! US is finally catching up to or learning from China.
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