3min chapter

The New Liberal Podcast cover image

Competition with China and Friend-shoring in East Asia ft. Noah Smith

The New Liberal Podcast

CHAPTER

China's Leaders Decided, Okay, We Don't Want to Become Giant Estonia

The West is refusing to trade with Huawei, but there's some sense that the Western world is resisting this. The CCP controls all of these companies. And you see when they try to get a little bit independent and, you know, Jack Ma says, I don't think the regulation is very good. We should change it. He disappears for six months and no one sees him and he's forced to sell his company. They're essentially just arms of the communist government. That's right. But notice that they crack down hard on Tencent as well, even though,. unlike Alibaba, never showed an ounce of desire for independence.

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