Why is China cracking down on it's own tech businesses?
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- Опубліковано 25 лип 2021
- Derek Scissors from the American Enterprise Institute joins The Exchange with Kelly Evans to discuss China's regulatory crackdowns on tech and education. There's going to be a booming tech sector in China, Scissor says, but under their own rules. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
Two U.S.-listed Chinese education stocks plunged Friday after reports of a government crackdown on the sector that included bans on foreign investment.
TAL Education shares tumbled 70.8%. New Oriental Education and Technology shares dropped by 54.2%.
The reports come as Chinese authorities stepped up restrictions in recent months on the private education industry, and increased scrutiny on domestic companies listing overseas in the U.S.
Caixin, a major Chinese financial news site, reported Friday that new Chinese government restrictions on the education sector were starting to be implemented in Beijing and other cities nationwide.
Copies of the policy document were circulating online Friday afternoon.
Educational training institutions are banned from raising money through stock listings, while foreign capital cannot invest, according to a copy of the Chinese-language document seen and translated by CNBC. It was dated July 19 as issued from the top executive body - the State Council - and the Chinese Communist Party’s central committee.
One of the bans on foreign investment included variable interest entities, a common structure by which Chinese companies use to list in the U.S. Existing violations of the capital bans must be addressed, the document said.
CNBC has not independently verified the document. The Ministry of Education did not immediately respond to a faxed request for comment outside of Beijing business hours.
A policy document of the same name - referring to lowering costs for after-school tutoring - was among five approved at a May 21 meeting chaired by Chinese President Xi Jinping. The version circulating Friday banned after-school tutoring businesses from advertising, and said they could not operate during public holidays, weekends and winter and summer vacations.
New Oriental Education declined to comment to CNBC, and TAL did not immediately respond to a request for comment.
The stock plunges followed sharp declines for education stocks traded in Hong Kong, which began to drop in the afternoon.
Shares of New Oriental’s Hong Kong-listed subsidiary Koolearn fell 28% on Friday.
UBS analyst Felix Liu said in a note Friday the firm was putting its ratings on TAL, New Oriental and Koolearn under review “given the potential substantial impacts to fundamentals and the reported regulation pending official confirmation.”
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In China the party controls corporations, in the US, corporations control the party.
In China the party control every aspect of your life. Watch everything you do and everything u spend
@@osamabagdadi5789 Damn. Its 2021 already bruh.
@@osamabagdadi5789 weapon your mind
@@osamabagdadi5789 every aspect of my lfe? like what i wear and eat every day? dude, you are so brainwashed by western MSM.
@@bigbigapple7280 In your dream and fake Western media, yes. Not the reality.
Short answer: the party doesn’t want billionaires and millionaires to dictate what happens in their country.
Who do you think makes up the party?
but if you look at the US market where the economic rules are basely made by the large corporation, the corporation are really making rules that protect them self's at the expense of average consumers.
@Antonio Yun Yang Wu Chen millionaire and billionaire tycoons
@Gaussianform Only on the media. It is just a masquerade. Politicians use consumer sentiments to gain a leverrage on the jostling of power handlers.
The US could not expect any good results of the bilateral ties with its policy of suppressing China.
China should teach US how to treat other countries equally.
No country is superior to others,
and China will never accept any country
that thinks of itself this way.
US raised again the so-called rules-based order.
If the rules are made by the US and it's allies,
what justifies them to impose those rules on China?
High tariffs the US imposed on Chinese goods
violate WTO rules and unilateral sanctions violate international rules.
Shouldn't the US be the one to reflect to those rules?
Hasn't the US been trying to contain China,
thinking that will solve its problems,
as if the only way for the US to become great again
is to contain China's development?
Hasn't the US hoped that
by demonizing China,
it could shift domestic public discontent over political, economic and social issues and blame China for its own structural problems?
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simple answer: in China, capital must work for the long term goods of the majority of the Chinese people, and the government fulfill this goal for the people. In the US, capital pursues maximizing profit, and fulfill this goal by controlling the government.
If you reside or live in USA it is not good for you to tell the true or bad behavior of your own arrogant government?controlled by rich idiotic guys.
Chinese government is the richest organization in the world, and they also have many privileges covered up. don't pretend that you did not knew. Power/authority is more evil than capital.
@@alexzen751 Do you want to say Trump is not a cheater or Lair or criminal. Trump says all American governments and politicians are lair for their own sakes but idiotic Trump does and did it openly. Capitalists control the USA governments to lie other nations or own people for their own sakes. Israel is allowed to bombs Palestinian from USA governments when USA capitalists are making money by selling weapons to Arab world in fighting each others stirred by Israel government. Israel government and people are rewarded by USA governments approved by USA capitalists under the one of the names of National endowment of democracy or different NGO.
I've seen far too many videos that show that any Chinese citizen that is NOT a CCP member is treated LESS than people (Getting their land taken away, releasing dam water in flood risk areas without NOTIFYING anyone etc )
Plus Chinese governments are *subservient* to the CCP so the government basically control EVERYTHING....
@@damien9683 that is true but I gotta say it 4 x harder to control its population than US. With 1.4 billion people, even food is a problem. To put things into perspective. Just read Indian news. They are democratic FYI. Open your mind up a little bit bud.
China cracks down on monopolistic companies. That's a good thing.
Lol, it’s for CCP total power in their dictatorship
@@itrthho They don't want corporations or billionaires to take over China, like what has happened here in the US.
@@jukio02 They are already a communist dictatorship. The people don't even have any control there. The US is far superior to China politically, & the only people who appear to be bitter by that fact, are far left & far right parasites.
@@ggt8194 Well, what works for the US, may not work for China. China has said that their political system is not for everyone. I don't think there is such a thing as superior, just differences.
@@jukio02 they don’t want anyone to have as much voice as CCP
They want to avoid building a plutocratic class like what's happened in the US. Smart move if you asked me.
The CCP officials are a plutocrat 😂
the western Governments are enslaved by Giant corporations and politicians are their puppets
@@nzmanhdee6246 You're right if people in the West were like you, I'd be relieved
I'm Chinese, I'm willing to immigrant to the stupid USA,will you willing to move to communism China ?🙂
At least, China walks the talk! Well, can't be said the same with US...All the time CEO comes to hearings...what is that for? No action after that?
China is “preventing capital from expanding in a disorderly fashion,” which led to the USA 2008 world financial crash!
"The Chinese state guides capital and private entities towards what it believes are national strategic priorities, rather than allowing them to simply focus on generating greater revenue."
Jack Ma of Alipay & Ant thought he could prioritize profit, he was told this is not the Chinese way!
Perhaps the US Government needs to outsource re-education of US corporate bosses to China and divert the obscene profits they make plus most of the overblown US defense budget to lifting Americans out of poverty and repairing the crumbling infrastructure in the USA?
President Xi Jinping was sent to work on a farm in the country in his youth to rid him of his political delusions.
this is more of a power move within china specifically as the video mentions that the ccp is in charge if you do business with them. That is just gravy, but the real motive is that xi's faction is in a small conflict with jiang zamin's faction. The two hate each other to oblivion even if they had a similar goal. Since most of jiang's boys are invested or linked to the said tech companies. It seems like a smart move for xi to crackdown on those companies and remove those folks so that xi's power goes unchallenged.
>>> "Jack Ma of Alipay & Ant thought he could prioritize profit, he was told this is not the Chinese way! "
That's good for the Chinese public.
blaming China for your capitalist's greedy ?
Finally someone who isnt fear mongering and knows that this happens every couple of years. Instead of these other shills saying SELL EVERYTHING.
The more they fearmonger, the better become the buying opportunities.
Partially agree but Russian example says otherwise and I have a host of reasons to avoid China stocks. There are plenty of other great opportunities. The CCP will do whatever it takes to control the ppl and preserve itself...the good side is that wealth generation is a crucial part of appeasing the repressed population, but CCP paranoia?....who knows where that goes.
Chinese stocks are good for day trading only
@@scottyflintstone day trading? Only if you have puts lol.
Seal all CCP stocks
this man knows what he is talking about. First time I see somebody speaking about Chinese stocks that is talking with sense.
He is making light of the fact that they took investment funds for these tutoring companies under the guise of allowing foreigners to be shareholders and then wiped out the value of those shares by declaring all tutoring companies non-profit. They gave no warning. They might as well have just stolen those investor's money. The effect is the same. They could logically do the same thing for any security. I don't know how you evaluate that risk as an investor. You have to ask yourself, if you own Chinese stocks, do you actually own anything?
@@arentube8123 As investor, you'd better understand the company your are investing. Education system in China is a public system (or say state-owned system). The after school tutoring companies are actually privatizing the system. Privatizing education and healthy/hospital industries are highly sensitive subjects in China. These companies were walking on a cord for a few years. If you have these information, you probably should have withdrew long before they are punched.
@@arentube8123 The goverment in China does not represent but just tolerant of private investors. They claim they are the representatives and pioneers of the labors and peasants. Political policy risks have always been the major risk when investing CHINA. From this perspective, no need to blame the CCP actually. Investing CHINA is a gambling and everyone knows what will happen eventually. It is just someone escaped with fat money and someone captured. You don't blame the other side when you lose in a gambling right?
@@InteOMG The CCP should state that officially. See what happens.
He even casually pronounced Xi Jinping in perfect Chinese. I’ve never met a white American who can pronounces the “x” in Chinese.
Simple. Stop buying Chinese stocks.
Right
BS! Keep buying
With the US' sudden withdrawal from Afghanistan
the deteriorating security situation in Afghanistan
could mean a complete collapse of India's investment in the region,
which could be a heavy blow to the Indian government.
India is dissatisfied with the US on the vaccine,
as the US has been hoarding doses
while Indians suffer from vaccine shortages.
The US might promise more vaccines to the epidemic-battered country,
it seems that the gesture would turn out to be an empty promise.
The US has been bugging India with "human rights concerns"
after India introduced a Citizenship Amendment Bill
that Western voices deemed "anti-Muslim discrimination.
‘It may be dangerous to be America's enemy,
but to be America's friend is fatal.’ said Henry Kissinger
Go ahead stop buying . So I can get even cheaper.
Hasn’t the US tried to bring Chinese companies down
by signing an executive order - expanding a blacklist of Chinese companies,
claiming ‘the threat posed by the Chinese military
through Huawei, Semiconductor and China Aerospace Science and Technology companies?
The executive order bans Americans from investing in them
and will come into effect on 2 August.
Isn’t US paranoid attitude to suppress China's development?
It doesn’t matter who’s in the White House,
the US will keep cracking down on China and it’ll only get worse.
The blacklist has caused nothing but harm
causing chaos in the US after it was released.
The New York Stock Exchange announced to delist three Chinese telecommunications companies,
then reversed its decision,
and then decided to delist them again.
It's not how a mature market player is supposed to behave.
After winning a lawsuit, Xiaomi and Luokung were removed from the blacklist.
This proved that the blacklist lacks legal support.
Hasn’t the US used unfair competition practices
because it lacks confidence in having a fair competition with China?
This is how absurd the US position is
doesn't practise the democracy and free trade it preaches.
Derek mades a lot of sense! He put everything in perceptive and help me understand what is going on better.
Regulation in education was long overdue, just like stopping the restrictions on Chinese companies to choose between Baba and JD. Making this into a crackdown on tech is just ridiculous.
This guest actually knows what he is talking about
Nope
You are being sarcastic, right?
Absurd interview. China's primary goal:
-- to Reduce Foreign Ownership across corporate China
Ancillary goals:
-- to Damage Foreign Investors
-- to Instill Risk and controls across China Exchanges,
-- to Reign in technoChina
South Korea has higher admission pressure of high education than China, but the per capita consumption of the education business is lower than in China. This is abnormal, the advertising bombing and anxiety created by commercial that make parents anxious far beyond they can afford. In China, cram schools have become a burden that seriously affects the economic of regular families and the health of children, so the government has decisively performed an excision operation.
The US government wants to do the same with our tech companies too; they just have to dance around how they do it.
They can’t do anything with tech companies but use them for all the data that will better help them control people.
Wrong
Amazon makes billions of dollars each year while paying ZERO corporate tax. Way to go in America!
Amazon also makes billions from the US govt. Microsoft got a $10B IT contract from the US govt.
@@ironanchor167 I don't know if Microsoft paid any corporate tax each year. I know a lot of giant corporations didn't. Now here comes the gigantic infrastructure bill...
Amazon pays billions to politicians
And they are right. Congratulations China 👌
China: All foreigners get out!
India: Hello world.
Finally someone who does not follow the herd!!
@Gaussianform I don't think it will be the crackdown per SE until there is a republican senate, congress and president then and only then will one should be concern.
@Gaussianform
Crackdown? What crackdown?
The moment you realize China is a 5000-year civilization...
@@benchoflemons398 those Chinese tech stock rallies says you are. Your internet name is fitting.
Absurd interview. China's primary goal:
-- to Reduce Foreign Ownership across corporate China
Ancillary goals:
-- to Damage Foreign Investors
-- to Instill Risk and controls across China Exchanges,
-- to Reign in technoChina
"Too big to fail..."
Hmm. Where have i heard that before 😐
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Chine doesn't want the tech companies to be in control because they hold the data, once you hold the Data you can see trends and see what could possibly be next and when that happens when Tech companies are efficient, Like Google, Amazon, Apple, and Facebook they have monopolies on all sectors cause they own the software. THE RICHER GET RICHER
Absolute greed is absolute stupidity and this is where companies fall
When your enemy finds themself in a hole...make sure ya pass a shovel.
They are preparing for the worst. Brace the impact
China just does not want to be kidnapped by capital. Companies should earn clean profits , not by unfair monopoly or hurting people or society.
The CCP is the monopoly
@@itrthho idoit
That's funny cause it's america companies paying for thier forced labor camps workforce,or cheap labor. cannon Hasbro Nike,and list goes on.under Marxist only 1 percent gets the profits while the 90 percent our slaves,lie paid
Name me one legitimate monopoly in China other than the CCP.
China is the only one who is doing the kidnapping (journalist, reporters, doctors, people who practice Islam, Jack Ma). Trust me, my family is from HK. Nothing safe or free there under the thumb of CCP.
China puts social interests before cootporates while supporting company and economical growth. Ying & Yang. Non-binary social policy
Nice one 😂😂
China bans ‘after-school tutoring companies’
from raising money through stock market listings.
‘If the best way to get into good schools
is by taking private tutoring courses,
then rich kids will have an unfair advantage over poor ones.’
The tutoring boom has worried China
as it has put heavy workload on students and financial burden on parents.
The average tutoring fees accounted for 30% of the family's total annual spending.
Some Chinese parents support the policy,
as they hope their children have more time for themselves
and they’ll have less financial burden.
China is trying to level the playing field that these big tech companies currently hold. We are doing the same in a more subtle way.
Without the malicious sanctions imposed by the United States, China will become stronger at an unimaginable speed.
@@user-rq9cs8gx5t maybe if you guys stop eating rats and bats you’ll grow at an even higher rate 😳
@@anonymousanonymous4690 The average height in China is not lower than yours
What I love about this video is this dude understand so little abt both Chinese government and the new policy regarding the online education companies but he still found a way to swing this topic by saying non-sense. GOOD JOB!
Enlighten us, CCP Bot
Your comment is like so many I see on UA-cam. All you're saying is; "He's wrong, I'm right", but no explanation is given. Why bother?
Even your CCP mouthpiece global times changes their position every two seconds. No one knows what the CCP is thinking. They are not accountable to their people, they can do whatever they want. In the west, you consistently have to tell the people what it is that u r doing and people will hold u to account. NO such thing exists in China, CCP is a monopoly. This itself is an irony considering they claim "they want to bring down monopolies".
The Chinese government is trying to level the playing field. It's good for competition & for the long run.
no, it's a power move and xi mostly done it to rat out any jiang zamin loyalists that invested in those companies. Plus how is it leveling the playing field when you investment value is intentionally driven down rather than by errors of the companies?
Owning an Alibaba with an expected return of 10%/yr is probably a mistake given its risk as a Chinese stocks. But the return over the next 5 years is likely 20%/yr. The stock has no business being this cheap other than fear mongering and anti-china sentiment.
Simple answer is to offload chinese share to US retail at high price then dump it. 😀
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No company likes to hear you have a ceiling and that you have now reached it.
In the US you can be as crooked as Enron and fleece investors
@@MelaninMagdalene they went to prison.
@@itrthho
The smart Asian bailed before they went down with his $200mil, one killed themself & the ceo is out working on another business scam, I mean plan.
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Why do we only get advice about China from USA writers? We want advice from Chinese people as well.
I hope this people know what they talk about or just preaching .
I'll be surprised if they do... just jokers dressed like reporters or experts, saying things that their target audience like to hear.... job done
Refreshingly objective👍
Not
more intellectual guests are normally on during kelly evans' timeslot. this guy knows his stuff.
Government is the coach. They set the rules. Corporations are players. They should follow them.
Unlike the US, where the players make their own rules, either directly or indirectly.
when your competitor knows nothing about you(and they pretend they know a lot). that's good'
Winnie Xi Pooh says harder
@@itrthho pathetic
@@itrthho pathetic
@@itrthho pathetic
Question would america halt american retirement funds from entering the Chinese stock markets
Very good analysis really. We as America need to be competitive and improve our service back and abroad. America is all about good image. The government need to look on our companies abroad and give them the tools they need to be competitive.
Showing the U.S they do not want monopoly power like the fang stocks and no bailouts for Zombie companies. Good job! Watching and waiting in the sidelines! Lol
It’s all about control
Of course it's about control, just like the USA, the company control the government, and even how you thinks by their media
Listening to these analyst / advisors from western world, no wonder China is having an upper hand...
Liquidate or crash whatever market you need in order to payout for the MOASS🤷🏾♂️
Because they see what is happening here dau
Nope
@@blokin5039 nope, the CEOS don’t disappear
I only have 3 Chinese stock, I am thinking of selling them.
Best time to sell if every body hast panic and things are down. Best time to buy when every one is buying. Buy high sell low, that is the secret!
And everytime there are bad news, it means the world is about to end.
So better sell now, tomorrow china will amnex all companies and turn 120% communist again.
To who
Cell CCP stocks
@@generaldanielr.hokanson3768 you
How do i go about suing the Chinese government
You can try but it won’t work. Waste of money
Simple, Chinese government doesn't want massive bubbles like the US stock market.
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Salute to the CCP
CCP Bot Alert 🚨
@@itrthho 🤣🤣🤣
BTW, Actually, it's CPC, the CCP is the way of calling by the ignorance and arrogance western media
In year 2077, Tech corporations will rule the city. Government can do nothing but join them.
Americans think only their own party scientifically exists, yet they ask the others to come and fight them!
Well an invasion can work
At least China has executed the execs who played with children's lives (I think last was a baby formula case). In the US, the corporate walks away by paying few paltry percent of their profits and execs who knew dangers and still caused many deaths are never punished. A corporation doesn't make wrong decision to put profits ahead of lives, it is the officers who make such decisions for own gain.
Because you don't have companies putting melamine in baby formula in the US. And this is only if the many fake stuff they produce in China.
@@Ex.zed. Dvmb ahs, how about cigarettes, asbestos, Lipitor, Vicodin, Yaz, Chantix, and recently Sackler family involved in OxyContin opiods? All those execs knew the lethal dangers of their products, meaning people could and did die from their products, but they also knew the corporate structure and laws in the US will let them walk away scot free. So they made millions and billions and paid 5% to 10% in restitution or fines, while keeping the rest. Learn how corporate structure shields white collar crime.
Good questions !
It’s a good correction as this prevents monopoly. Isn’t this align with the western world, anti-monopoly? Just saying.
From reading western media, I understand that the bottom line is that anything China does is not aligned with the western world, even if the western world is doing the same thing. Recently China forced a minimum wage for delivery persons and western media reports that it is a bad thing. I would bet that if China removes this minimum wage, the media will say human rights violation.
@@kchoo1118 China also has concentration camps dude. They're evil.
@@awesome9174 Maybe or maybe not, I don't know. But the point is that the media should try to be objective. They can report bad things as bad and good things as good. Instead, everything is twisted to fit the current agenda.
I am definitely sure China has done shady things, but similarly the US has also done shady things (Iraq). No country is pure angel or pure evil.
With the past western world, you missed a word, the president western world famous known as too big to fail, just saying
@@kchoo1118 Comparison between China and US is like comparing mass murder serial killer psychopath (China) with an angel, I am not saying US have never done anything wrong as they did but CCP is pure evil, they are a country with a 1.5 billlion people at size of a continent and the level of the suppression and authoritarainism is unequaled, freedom of speech and basic human rights has no meaning for China's regime.
" regulators don't want them to become to large or profitable". Why would anybody ever invest in Chinese stocks?
you may not want to invest, but I would live in a nation that isn't controlled by the top one percent.
@@godzillamothra5983 while China as a whole has some favorable attributes such as getting things done quickly such ad building hospitals and erecting high speed rail it is not a hospitable environment for investors.
@@chrisbentsen1
I think there should be a middle way between China model and the US model. Too much free wheeling capitalism isn't good either. When the tech giants become too dominant, they basically become monopoly. China cracked down on tech giants, will hammer their investors for sure, but it will be good for the market in the long run. Nobody in the western media ever reported how the tech giants in China suppressed their smaller competitors, believe me, it isn't pretty. As for the crack down on tutoring, anyone living in Asia can tell you how overpriced those tutoring are, and how dubious the return is for those students and parents who basically paid with their blood and sweat.
Don’t invest In CCP stocks
@@itrthho
too late for them, LOL
gawd dam it Shepard Smith why u always gotta keep interrupting at the end.......im sick of that ending tbh
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Why does cnbc slander without remorse?
As a Chinese, I am surprised by the objectivity of the guest commentator. When you invite someone to bash China, there is zero value to the audience. This guy didn’t really say anything that is new or different from what know (from many Chinese media sources), but it felt so refreshing to hear anyone on western media talking about China without demolishing China.
I don't think bashing chinese people is the objective of anyone.
Bashing CCP and their sympathizers is the goal and rightfully so.
I really have sympathy for the normal chinese citizens(even the hyper-nationalistic ones) that they have to live under such regime.
@@jongxina4908 if you are sincerely good-intentioned, I recommend you to visit China and see it yourself. Be brave to change your mind though.
@@deesus1085 I am okay. I understand it is about money. The problem is, the business model is based on creating fears and hatred among people, intentionally or not. That makes it immoral.
@@jongxina4908 I guess you would be really disappointed if you went to China and found how happy people feel about their situation at the moment. There's future for young generations. And people really believe if wasn't CPC, all these couldn't have happened in the last 3 decades. The road for the team who are trying to get the CPC down is long, because no one in that team really know what the Chinese normal people really expect. CPC is like the roof of the building where Chinese all live in. If someone comes to them and say that I likevyou people, but your roof is really bad roof, so I am going to smash it. So, with the storm happening outside, do you think people in the building really trust it? Not mentioning that the roof has been continously improving itself to become a better roof covering people underneath...
Bashing corrupt CCP not China
After reading the comments, clearly nobody in the US have any idea about China(but they pretend the do)
The spectacle of corporate media disingenuously equivocating private capital with the state...dystopian.
Maybe that is a question you should ask "Chy-na." DJT
recent CCP official has mentioned that the medium & small business benefit the general population more. this leads to the thinking that the big tech's are probably too big and the government is already loosing control on them. the crack down is about to gain control of the capitals. Whether this is a good thing or not really depends on how you look at it, good for the government and small business, and bad for the big tech and their investors.
They are preventing monopoly.
Why are we asking aei for this question. They are a partisan institute that cares more about political influence than reality.
NIO will probably run off of 5G. CHWRF houses almost all of China's 5G tower infrastructure. American 5G tower companies are AMT, CCI, SBAC. Can anyone address the reason why this stock is so inexpensive other than they are almost complete with the towers which was costly but also 5G isn't in full swing yet? Also Barrens is the only place I could find financials on CHWRF.
4:10 Sad Laptop, only black screen and dekstop idle and sitting for nothing .... and yet the cameramen being focus on laptop.
I think this is good for the United States…As long as you’re not invested in Chinese stocks.
LOL Amateur. Information or data is Power. If US does not want all their Fortune 500 company data in the hand of the Chinese why would the Chinese want the US Govt to have all the data of Important and strategic Corporations in China? And in terms of Fraud or artificial fake numbers remember Enron? Massive accounting fraud is specialty of US corporations as well.
@@benchoflemons398 Goldman sachs is responsible for the Biggest fraud so far for 1mdb the Malaysian sovereign fund. Literally accounting fraud done by all US accounting firms like Arthur anderson and co.
Name one US company that doesn’t have a factory in China. If China cracks down on their own businesses, what are they capable of doing to foreign businesses? Say goodbye to your factories soon.
@@RedShiftedDollar Palantir.
@linkzable I have a “sizable account thank you. I wouldn’t touch Robin Hood. Sounds like you have some major anger issues to work out. God bless.
This dude saying it is normal to nationalize the education companies without giving a dime to its business owners is beyond believe , who would invest in any chinese company given that at any time the goverment can wipe out any industry?
The American model of squeezing students for profit is really the worst model ever. Look at where that has led. National student debt crisis, families going bankrupt between paying medical bills and tuition. My point is, if nationalizing schooling can make the system better and more equal then that could be a good thing in the long run.
Some things are more important than profit. Universal education is such a thing
@@carlmannhard8051 read my comment properly, I am not against altruistic education policies , the issue is that they nationalized companies owned by US investors without paying a single dime for the business which basically is stealing , if they want to nationalize the company to help the kids, buy it at a fair price don´t do what castro did back in cuba. disgusting!!!
@@apemoney6841 Ah, right you are! Didn't catch that. Yes, that is absolutely unacceptable.
@@carlmannhard8051 yes horrible look at TAL education, they took US investors money and then banned their rights to the business overnight , and the US goverment just let these companies continue to trade in our exchanges.
With the US' sudden withdrawal from Afghanistan
the deteriorating security situation in Afghanistan
could mean a complete collapse of India's investment in the region,
which could be a heavy blow to the Indian government.
India is dissatisfied with the US on the vaccine,
as the US has been hoarding doses
while Indians suffer from vaccine shortages.
The US might promise more vaccines to the epidemic-battered country,
it seems that the gesture would turn out to be an empty promise.
The US has been bugging India with "human rights concerns"
after India introduced a Citizenship Amendment Bill
that Western voices deemed "anti-Muslim discrimination.
‘It may be dangerous to be America's enemy,
but to be America's friend is fatal.’ said Henry Kissinger
Alibaba is undervalued now.. But upside is capped
1, Ready for delink with the US financially
2, Anti-trust, the techs have to be under certain control
Smart measures to prevent corporate oligarchs from taking over the country, which the US should have done at least half a century ago.
Should I buy these falling stocks??
Yes if you want a great return and are willing to wait.
@@robertoortega5979 good answer
@@deesus1085 asking for a friend
You should not ask strangers on the internet which stocks to buy. If you are not certain yourself don't buy any individual stock, or you might panic sell during the next bad news.
Instead go with a broad etf (dollar cost averaging) over a long time. That ways you have a save steady investment rather than gambling based on the youtube amswers you get
@@Mesozoic_mammal asking for another UA-camr
Beijing is concerned about people's private data getting shared. Isn't that a legitimate concern?
space, research, information, resources
Buy buy buy!
Sell, Mortimer...sell!
THe US gov is controlled by the big tech, but not in China. salute to Chinese gov.
@@deesus1085 regulation is normal. they do it at the expense for the people because they don't know better such as quarantining for covid19.
Yeah your just controlled by a dictator who going to hurt your economy
@@deesus1085 YOu have been listened by US agent NSA what ever you do. Just ask Edward Snowden if you don't believe me. much better!!
@@Wongseifu548 you talking about a US dictator??? I believe US is going to hurt their own economy more cause they print out money from the air. Do you see inflation in the US?
So much for the "Chinese century" lol
Real reason they dont want the corporations to be tooo big to handle
Remember folks, what's cheap is cheap for a reason and it can always get cheaper.
Bitcoin is money, everything else is just credit. Like it or not Bitcoin is the future of asset investing.
Where are the rest of your bots?
Hope all people in your country could be as smart this commentator. 👍
The US should learn some government regulation. The monopolies will not be allowed.
As an Indian this crackdown is helping our startup eco - investor's wealth is moving from China to India
india needs a cultural shift before it can catch up to china. as does the rest of the world
In India, Reliance and Adani controls everything and poor people are starving.
The mass benefits from regulating these tech monopolies. Competition creates jobs.
It is Trumpet delisted Chinese companies
China should change government towards Industrial & Technological Revolution as well as welcome free enterprise.
So they can scoop up dip prices
Billionaires n companies don’t control country like in USA Canada Australia British n European where laws are made for rich n powerful
Not a single US investor owns (in the wester sense of law) directly stock in a Chinese listed company, that operates in mainland China.
So what exposure are investors exposed to....well not what they think they are exposed to.
It's because Chinese parents aren't taking advantage of the new three-child policy, so the government is banning for-profit tutoring to bring down the costs of raising a child.
It's simple don't challenge the winnie the pooh, president for life. He knows what's good for everyone.
These Americans seemed to know China better than the Chinese.
Sold all my Chinese stocks . Won’t be buying ever again.
Good luck
Good job.
Opps i just made $20k from NIO today
(it's own tech => Its own tech)?
It is not about a message, it is about money grab, power and control over data, a silent mobilization for wartime measures via nationalization and collectivization of all industries, especially, cash cow entities..
Short Term :- Chinese want to consolidate power and don't want much of billionaires.
🧾
Well put, Chinese Tech comapanies become utilites
Usa used to crackdown Microsoft Google atnt.