China unveils draft law to allow fully foreign-owned enterprises

Re:China unveils draft law to allow fully foreign-owned ente... by jeffbax on Saturday February 02, 2019 @05:25PM (#19066167)

This is silly. In China it's nearly LITERALLY both government and big business. You cannot be a big business without the government saying so, and most of the business leaders are party members.

This is a far cry from in the states, where while crony capitalism is an issue -- it isn't the actual law like in China when it comes to large firms and the amount of state intervention.

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Re:China unveils draft law to allow fully foreign-owned ente... by zaphirplane on Saturday February 02, 2019 @09:20PM (#19067369)

So true and yet what effective difference does that make to a person earning avg income to 10x avg income ? What is the difference between that and oh say Halliburton There is a distinction that say google/Facebook founders can take a position opposing the government so what is achieved ?

Ok maybe I’m in a mood ;)

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