The communist party dictates who can do business and strictly outlines every year the strategy with a 99% majority.
If you are a foreigner and want to do business you have to have a Chinese "partner". I worked with a couple of those, I would give a 1/10 rating.
Jack Ma went 'missing' when he didn't do with Alibaba/Alipay what the Party wanted. The list of shit in this regard goes on and on and on.
Hong Kong, Uyghur people, Taiwan, social credit system... A little more about that. The digital Yuan is a perfect control on the social credit system. No train tickets if you have different views on stuff ????.
Do we really want over 50% of the crypto hashing power from China? Btw, whoever HAS money in China or from China abroad DIRECTLY got it from the State.... Because they don't have private banks.
In the long term, all this is good for the projects that actually solve a problem (shitcoin are fkd anyway).
See you next bull market. I hodl until my daughter turns 18 and she either buys an ice cream in a post apocalyptic world or she can live like a princess from these savings.
I sincerely hope all non-brainwashed Chinese top talents move out of China to apply themselves in Europe and Africa.
Happy buying!
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