Yes, I'm no fan of China's authoritarian nature, but the rules they are enacting must be judged on their own merits. And frankly, many of them are appropriate and coming from the perspective of increasing competition.
Basic economics implies that increased competition is good for the consumer.
The place where china really misstepped was doing everything suddenly and abruptly, which sparked tons of fear and scared investor capital away from their companies.
This part is a bad outcome due to increased cost of financing/debt for their companies, less competitive on engineer comp due to lowered share price and so on.
They could have done the same regulations but with much more forward notice and detailed their thinking rather than handing down abrupt decrees
Yes, I'm no fan of China's authoritarian nature, but the rules they are enacting must be judged on their own merits. And frankly, many of them are appropriate and coming from the perspective of increasing competition.
Basic economics implies that increased competition is good for the consumer.
The place where china really misstepped was doing everything suddenly and abruptly, which sparked tons of fear and scared investor capital away from their companies.
This part is a bad outcome due to increased cost of financing/debt for their companies, less competitive on engineer comp due to lowered share price and so on.
They could have done the same regulations but with much more forward notice and detailed their thinking rather than handing down abrupt decrees