Why curation and decentralization is better than millions of apps

Re:Why curation and decentralization is better than millions... by wasabi991011 on Monday November 28, 2022 @11:15PM (#33783617)

I don't know enough to support their extreme position, but for the sake of information:

Part of it is state-owned banks (the dominant form of banking in China) offering attractive lending to state-owned enterprises, as loan officers avoid the risk of being accused of corruption.

Also, there likely is/was more direct encouragement of exporters (e.g. by subsidies), similar to other countries, but my source doesn't specify if this currently applies to China.

Source: Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010)

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Re:Why curation and decentralization is better than millions... by gastlygem on Tuesday November 29, 2022 @09:09PM (#33796062)

None of the top Chinese tech companies are state-owned. Also 2010 was before Xi Jinping. Things have changed a lot now. Now they get striked left and right by regulations. Just look at their stock price.

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