> While true, that's the lesser of the competitive advantages. China's companies are locked in a highly restrictive CCP control box, which they're not allowed out of. That box will shrink further, suffocating the companies as it goes. It heavily limits how they can compete, what they can do, how fast they can move, and those restrictions will keep getting worse....The purges will get worse, the controls will get worse. It'll make it far more difficult for China's big tech companies to operate, they'll be increasingly hamstrung.

Is that insight or reassuring complacency?

I don't think China will be a replay of the Soviet Union. It's clear that the CCP wants remind people it's top dog, but it's not clear that will make those companies uncompetitive failures in the world market.

> The fake cover reason was data security. The real reason is that Xi and the CCP want China's tech giants pulled back home and away from foreign listings (foreign ownership, foreign influence). China ideally wants those listings to be domestic-only in the future.

How is this bad for the PRC? If anything, embrace of foreign ownership and foreign influence has weakened Western economies.