China’s Tech Crackdown

A sweeping regulatory crackdown is underway in China, now expanding to target many of the country's most successful private sector firms, from tech giants to tutoring companies. While a thriving private sector has helped power China’s rapid economic rise, Chinese President Xi Jinping now seems determined to rein in what he sees as its uncontrolled excesses. At the same time, new restrictions on overseas listings signal China’s intention to remove its tech giants from foreign scrutiny on national security grounds. Is this campaign transitory, or a game-changing shift in Xi’s economic and political strategy?
Bloomberg New Economy Editorial Director Andrew Browne discusses China's Tech Crackdown with Keyu Jin, Associate Professor of Economics at the London School of Economics & Political Science, James McGregor, Chairman, Greater China, APCO Worldwide and The Honorable Kevin Rudd AC, 26th Prime Minister of Australia; President and CEO, Asia Society; President, Asia Society Policy Institute.

[@vikramreddy3292]

It is also possible, that Xi Ping's agenda includes developing a socio-economic growth model that can be applied to not only ensure China's future prosperity, but also perfecting a new model for driving global prosperity & influence across the world -- particularly India, Africa and South America.

[@stevemozingo7209]

the fairness doctrine established in 1949 by the fcc to maintain truth in journalism was removed by Reagan and we need it back

[@dypk.2all]

Keyu Jin shows she has a deep understanding of the direction of where President Xi would like China to head in terms of social re-engineering. Browne shows the least understanding, perhaps aided by his need to propagandise western self importance.

[@xushenxin]

55:00 Kevin Ludd is still praising and promoting free market. Please go out more often. You see in the global trade, is it free market? How many bans and sanctions in place? Fed controlling the interests rate, is it free market? The foundation of trade and market is based on politics, nothing else. You can do all the free market things as much as politics allow.

[@stevenliew2507]

Kevin Rudd views are fair and his message is that " Free Market " is the Global Market for all, except that it is always a case where the stronger or more powerful entities will try to circumvent the right behavior to take advantage to gain most. It is up to each entity/countries to know only know intimately the rules but also the weakness to be prepared to counter defend ones position or advantages at hand. World of Business.

[@Cadere-jz1te]

@@stevenliew2507 Nope Kevin is not balanced. Just like China sees through marxist leninist world view, Kevin sees world through anglo saxon primacy worldview.

[@rachedel-moctar4290]

@@Cadere-jz1te Rudd does not. Please cease with the obnoxious petty identiarianism.

[@Cadere-jz1te]

@@rachedel-moctar4290 Rudd's entire explanation is based on Anglo metaphysics which limits his understanding. With pretty good grasp in realism but he cannot let go of his identity. Ask yourself have you seen any Chinese prominent figure calling for change in other countries internal affairs. Especially when every poll and studies show China's govt has higher approval than Australian and USA. Chinese are satisfied he is not, he wants to turn the world in his image. This is not petty identity but the foundation to his true beliefs. This is toxic to entirety of humanity.

[@binaydhawa7666]

Proper discussion panel: Freemarket, China, Usa, India, freedom, good bad, implications, time, problems, solutions? Ccp bot: china china china, fck usa, freemarket bad, fck everything, only china china china,

[@kennySg101]

I tend to agree with Kevin's more balanced view. Xi is optimistic that his party has an answer to problem. Keyu shared how the community deals with problem which western society may not understand and agree with. But certain views are fair ones. Too much extreme views on latest crackdown, generally this panel gave a more balanced and insightful account of the crackdown

[@stevenliew2507]

Totally agreed that all the 3 guests views were fair and balance giving a perspective from both Chinese n Western Positions. One only need to be patient and empathetic listening to all views without prejudgements views.

[@JosephTieluHan]

yes, agreed. sadly i don,t think this kind of dialogue will be able to show on ABC FOUR CORNERS. or any WMMs.

[@kennySg101]

@@JosephTieluHan No true freedom of speech, independent media. Chinese way may be is 理，情，法。法should come first and build 理 in. Difficult to change a thousands year old society.

[@Cadere-jz1te]

These people when will they get out of anglo box.

[@hrtummala]

A good discussion but terming what Xi is doing as "leftist" is a great mis interpretation

[@SuperNuttyPuddyBuddy]

I want to see the politicians on the ccp's payroll. Do your job.

[@elizabethwinsor5140]

Biden, Pelosi, Clinton's, Obama....

[@daluzhang5402]

You already waste this life. Oh, go try to get a passport when you save up some money in the future.

[@Catalonia]

Curious about who is advancing the idea that this current tech attack is about advancing more money into semis and other "hard tech". Would like to read more there.

[@xushenxin]

If I am America, I would be scared, because in the history of China all great dynasties starts from internal reform, for example Qin, and Han. It is also true around the world. How do you kill an empire? Make it not adapting (changing).

[@weimei8245]

Qin did their reform when the country was in trouble vs China became the 2nd largest economy because of Deng’s reform

[@tthex6484]

watching this discussion was tiring- It didn't help that the host was an avid anti-Chinese announcer. Keyu Jin and Kevin Rudd seem to really understand China and Xi. Chinese system efficiency compared to US is now too obvious to everyone. Its the Chinese century

[@daluzhang5402]

Ikr, it is Bloomberg! But, these stealthy racist people actually help and contribution the greatest from the US by being a hardcore anti-China.

[@maximme]

"Only Foreign" investor lost money ? are you 1st year economic student?

[@hunterhogan6372]

Ant IPO... offshore(speculators) took a big hit? Xi Jinping isn't going to allow predatory borrowing to prevail with Ant fintech... Nope! Got the people's back!

[@kshen7485]

The servicing majority oriented government should always control capital and lock capital “in the cage”, in order containing its greediness and selfishness.

[@kshen7485]

Whoever takes care of its own bottom 50% population faithfully will always play the role successfully and geopolitically, no matter how big, instead of high tech. Without Chinese successful political development, there would be no increasing amount of Chinese middle class population and later Chinese huge shopping power, and there would be no chance for Alibaba or Jack Ma at all. ​Since 40 years Chinese government and its right policy have been creating 5 hundred million Chinese middle class population, who have enormous shopping power, which makes Jack Ma’s successful business possible. Otherwise, he would be still begging on the street. Without Chinese prosperity under the CCP, he will be the fish without water.

[@thelastaustralian7583]

Its interesting how these generational social psychological compartmentalized corporate programmed perceptions .Are always ?

[@wilsonluytan212]

Ki iJiu sees the Chinese policies and government governing navigations with the right tools; thinks with a Chinese mind. I am Chinese in the USA. I do have a similar mindset ; do things legality but with empathy for others. Chinese has a saying , “ share the food and there will be left overs “.

[@jamesstmanhattan]

She's a member of the CCP and so is her father. They're both the mouthpieces for the CCP. "Their" views are the ones of the CCP.

[@medicuswashington9870]

Empower the United Nations and the International Criminal Court.

[@royhodge6260]

This segment should be called 3 ugly men and one beautiful woman😎

[@chuzai2156]

Keyu Jin clearly defends the Crackdown, just one thing needs to remember: Her father is a vice-ministerial-level cadre in China.

[@TheRichLA]

When you can't beat them, shame them

[@TacoFlako]

Hidden like/dislike ratio? Nice.

[@jamesstmanhattan]

They don't want to upset the CCP

[@daluzhang5402]

@@jamesstmanhattan Why make you think the Chinese or CCP give a shit about what the Americans think of them?

[@Sam-ob4vg]

China leaders lead.by leading. USA leaders lead by following.

[@randomdude7384]

Well done, asking the Chinese for their take on the state affairs in China. Might as well have asked a KGB operative about how great it must've been living behind the iron curtain.

[@stevenliew2507]

Only wished you had been more patient and more empathy in listening to fair and neutral views. If you already had prejudgements bias Western Views, might as well don't follow such dialogue sessions.

[@randomdude7384]

@@stevenliew2507 Wdym by the "fair views"? Her father's a member of the party, and she's affilliated with the party herself. Calling her veiwes unbiased and neutral is like calling Nancy Pelosi an independent.

[@randomdude7384]

@@stevenliew2507 Commie shill, I can hear your accent, buddy

[@Cadere-jz1te]

@@randomdude7384 Get lost CIA demons

[@kshen7485]

Compared with Soviet Union, USA’s iron curtain is much heavier and thicker. After WWII alone USA decided 13 wars around the world, according to Prof. John Mearsheimer, and its system cross two presidents, Trump and Biden, has killed over 1.1 million innocent Americans. But no one on this “democratic” soil dares to stand up and sue those politicians and government. Data tell us who is nowadays dictator, instead of our big mouths.

[@Daniel-lm6yf]

Whatever’s happening, it seems like it’s going to be big. Put on your seatbelts and sit tight. May we continue to live in interesting times.

[@hrtummala]

I wish the same happen in India. Otherwise the country soon or later will be controlled by Ambanis and Adanis

[@eugenedebbs2189]

Oh please. The Adanis already de facto control the Indian govt. They basically get half the govt contracts and grants.

[@TheDavidlloydjones]

Andy, Are you aware that you have funny ear buds sticking out of your ears while you're on camera? I know it's perfectly rational to know that you can't hear us so there no reason to pretend that we are actually human beings and actually there in the room with you. Nevertheless, this pose carries the clear insult to us. You are emphasizing to us that your words are important and we aren't. This is certainly true, but it's still bad staging to come out and do it. Quite apart from this perhaps subtle point, it also makes you look silly, as though you wandered in off the street and didn't have time to prepare to do your job.

[@stevenliew2507]

Were you more interested in his pairs of ears or the contents of the who discussion?

[@maximme]

hahahaha He looks like an old aunt with those earrings....

[@ozgal606]

Interesting

[@v.prestorpnrcrtlcrt2096]

Too dramatic.