Sure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries
It's a bit hilarious that there are attempts to convince people on a board for hackers and startup founders that state owned enterprises are great and amazing!!
Exactly. The OP didn't know any English teachers in China, or else they can verify that Chinese workers in private enterprises nap on the job/play on their phone/waste a ton of time, to get through the long working hours.
No state owned enterprises in the history of the world has the quality you've just described - fiercely competitive, nationalistic pride, desperation.
China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.
> The future of Chinese tech belongs to companies that are much more fast moving
Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell.
"The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies. It found that the share of total market capitalization held by state-controlled enterprises, in which the government holds a stake of 50% or more, rose to 50% by the end of 2023, the highest proportion in five years"
The young in China are so disillusioned, they are buying gold in droves this year [1] (instead of putting it in bank, or invest in stock market or real estate)
The last blurb in the article is the most damning part.
"Ma spends much of his time abroad, especially in Japan where he is a visiting professor at Tokyo College, a research institute run by the University of Tokyo"
Jack Ma has no hope for China, as evident by his action. The long internal post may have been requested by the Chinese government, or his staff, to somehow rally Alibaba's failing image. But Jack sees the real pictures on the ground in China. And he chooses Japan.
And the young in China knows it too. That's why the young are laying flat. and sneaking through Mexico into US. and fleeing to Cambodia and Myanmar for work.
Sure, that happened with Europe, when Europeans laughed at trump wanting to terminate nato for not contributing to their promised defense spending. then Russia attacked. Europeans are now firmly allied with US against Russia and China.
When China attacks Australia again, either via a trade war again, or a territory war like Chinese ships water torpedoing Philippine ships or China killing Indian soldiers, perhaps Australians will then change their mind, at least the ones that had dollar signs only in their head.
People respected Australia before for standing up to China and calling China out for covid origins.
well, Australians should care. Australia is part of aukus which is security pact along with US and UK meant to push back against China. Less they've forgotten, Australia was engaged with trade war with China earlier when China slapped unreasonable tariffs on Australia due to Australia wanting to investigate the origin of covid that killed thousands of Australians.
By buying BYD, you are supporting the Chinese government, which is actively supporting Russia [1]
By buying BYD, you are supporting Chinese government's deep subsidization of BYD and its heavy loss per vehicle, to dump on and destroy US/Europe/Japan auto industries and its labor forces
Slowing down China innovation rate is essential for defeating Russia, since China is actively supporting Russia.
It doesn't matter what you're doing you know, China is in a Great Depression and will be there for 30 years. It will be even poorer, older, and isolated in 30 years. Also, if you believe what you say, move to China. Stop hiding in the comforts of a democratic country.
I'd love to see the studies mentioning 10% efficiency gains if you have a chance. also, do these studies balance against cost of running the models? remember, that's why stability.ai has collapsed.
It's not a matter of time, cars and the car industry are treated as national security. Chinese EV cars will be even more tariffed in US and Europe in 2024/2025
Xiaomi isn't dumping (yet), but BYD is, and US is already keenly aware of Chinese dumping of electric vehicles years ago, that's why US currently has the 25 percent tax on Chinese made autos that Trump started in 2018, and Biden has continued since [1]. And that has so far prevented BYD and its Chinese EV peers (90 makers so far, but looking like 2-3 bankruptcy each month) from entering US market. Republican lawmakers and Trump are also looking to apply a 100% tariffs [2]
Europe, the slow hare to US's rabbit, finally woke up in 2023, but just barely. They kicked off an inquiry into tariffs on Chinese EV vehicles in October 2023, and would take up to a year to finish [3]. These tariffs looks to be retroactive, as they have started requiring Chinese EV vehicles to be registered [4]. Europe, albeit slow witted, probably isn't going to willingly allow China to kill its own car industry, especially since China is actively helping Russia in attacking Europe.
Take off your rose colored Chinese dictatorship worshipping glasses. China is in a Great Depression and will be there for 30 years. It will be even poorer, older, and isolated in 30 years.
Also, if you believe what you say, move to China. Stop hiding in the comforts of a democratic country while wishing free countries to fall