Xi Jinping says China is a paradise for private enterprise. But behind the glowing headlines is a harsh reality: arbitrary crackdowns, cross-provincial shakedowns, shady legal enforcement, and a new law that “welcomes” businesses—as long as they serve the Chinese Communist Party. Shelley Zhang (filling in today for Chris) exposes the truth behind China’s so-called business-friendly makeover.
- I like this one. China manufactures E-Bikes that are illegal to operate in China, but allow local sales to dealers and then to citizens. Then they confiscate the E-Bikes and ship them to South Africa to resell. They get paid 3 times for the same product! Genius.
- I remember 10 years ago when all those companies thought they were gonna grow by %5000 because they thought they’d get access to China and nothing to due with politics was gonna get in the way
- china goods CHEAPER? NO, people don’t think! if you buy something made in china and it costs 4 times less, you are NOT saving money, it will break, and you will go through (5) of them as opposed to just (1) made in the US. So your spending 5 times in the long run, and 5 trips to the store and back, and 5 pieces of junk added to the local landfill
- I’m favoured financially with Bitcoin ETFs,Thank you buddy.$63,700 biweekly profit regardless of how bad it gets on the economy
- “Hey foreign companies, please come back and give our people jobs so they don’t revolt and we can steal your IP and tech – remember how well that went the first time
See a ton more of clips on all topics – feel good, humor – crime, Steve Inman and more
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