Asia-Pacific is home to a rise in new self-made billionaires

Re:Asia-Pacific is home to a rise in new self-made billionaires by jorblumesea on Friday February 08, 2019 @10:42PM (#19120555)

I often wonder how much of this is because of China's government sponsored espionage and theft. It's a pretty clear pattern of APT hacks and then somehow a Chinese startup is making "huge strides" in advanced metamaterials manufacturing. Then they are subsidized with cheap (basically free) government loans which undercuts the market.

If the Chinese government steals trade secrets for its business and rigs the market in their favor, is that really "self made"?

Perhaps the title should be "party cadres and sons of the politically connected get richer".

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Re:Asia-Pacific is home to a rise in new self-made billionaires by A2017U1 on Saturday February 09, 2019 @06:58AM (#19121875)

Do you truly believe they are the only country on Earth committing corporate espionage?

Everyone is doing it, but in Western democracies you have to hide the fact because voters on all sides frown upon such cheating. Especially stealing from your closest allies who send their troops to die in your pointless wars.

The reality is China doesn't care about getting caught. Just like India shrugs off rescinding billion dollar pharmaceutical patents and starts exporting the generics around the world for huge profits despite never contributing a cent to R&D.

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Re:Asia-Pacific is home to a rise in new self-made billionaires by jorblumesea on Saturday February 09, 2019 @12:09PM (#19123369)

No, I don't think that at all. I just see it as ridiculous to pretend these are "self made" entrepreneurs or innovators in the slightest.

More like, Knighted by the Party?

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