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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (178205)	9/13/2021 5:09:40 AM
From: TobagoJack	1 Recommendation Recommended By marcher Read Replies (3) \| Respond to of 217735

temperature rises whilst I am enthusiastically and broadly / macro supportive of anti-corruption, common-prosperity, manage big-tech, etc etc, am well aware that movements can go wrong, so I watch & brief to monitor slogans occasionally causes actions / movements less desired, simply grassroots movements are difficult to impossible to manage wait and see bloomberg.com China’s Xi Urges Communist Party ‘Mr. Nice Guys’ to Take Action 13 September 2021, 11:49 GMT+8 Chinese President Xi Jinping has urged members of the ruling Communist Party to act more boldly when necessary, in a sign of frustration over the performance of lower-level officials in the country’s top-down political system. “For Communists, Mr. Nice Guy is not a really good person,” Xi was quoted in a commentary on Monday in the People’s Daily, the party’s official mouthpiece. The commentary said “nice guys” were afraid of offending others and just wanted to protect their own interests, which would in turn hurt the party. “If you are a good person in the face of negative and corrupt phenomena, you cannot be a good person in front of the party and the people,” Xi said recently event at a party training school. “You cannot have both.” Xi has consolidated more power in China than any leader since at least Deng Xiaoping, and is expected to secure a third term in office at a party congress next year. While it’s not immediately clear what Xi was referring to, the country has recently seen a wide-ranging regulatory crackdown on everything from big technology companies to after-school tutoring, as well as several disasters in which local officials came under scrutiny. Last month videos of people trapped in subway cars during the flooding in the central province of Henan were widely circulated in China, prompting outrage. Some 14 people died in the incident, with Premier Li Keqiang visiting the scene and pledging bureaucrats would be held responsible. Earlier in August, China also punished more than 30 officials nationwide -- from mayors and local health directors to the heads of hospitals and airports -- over a Covid-19 outbreak that became the nation’s biggest since the one in Wuhan in 2020. In the Sept. 1 address to young cadres at the Central Party School, Xi said Communists should “never tremble in the face of danger and never be spineless cowards.” — With assistance by Philip Glamann, and Jing Li Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: maceng2 who wrote (178205)	9/13/2021 5:12:51 AM
From: TobagoJack	Respond to of 217735

I would be a enthusiastic supporter of applying blockchain enabled oversight / management to the issues of big tech against the littler techs, and can suggest a particular block-chain if 'they' ask me bloomberg.com China Tech Watchdog Warns Internet Firms Against Blocking Rivals 13 September 2021, 12:04 GMT+8 China’s top technology regulator warned internet firms on Monday against blocking links to rival services, reaffirming Beijing’s order for online giants from Tencent Holdings Ltd. to ByteDance Ltd. to dismantle walls around their platforms. The Ministry of Industry and Information Technology has summoned executives from the country’s online platforms to emphasize the need to stop shutting out each other’s services, ministry spokesman Zhao Zhiguo told reporters in Beijing. Companies fail to realize that’s a problem for users, he said without naming specific firms. Regulators have ordered the country’s tech companies to prise open their so-called walled gardens or closed ecosystems, as part of a campaign to curb their growing power. The government has accused a handful of companies of employing blocking and other methods to protect their respective spheres: Tencent in social media via WeChat, Alibaba Group Holding Ltd. in e-commerce with Taobao and Tmall and, more recently, ByteDance in video via TikTok-cousin Douyin. All three block links from within their services to rivals’ content. It’s unclear however what actions regulators want the big tech firms to take, and by when. Alibaba and Tencent executives have said they will comply, publicly espousing a more open Chinese internet. Earlier this year, Alibaba aimed to set up a Taobao Deals lite app on WeChat and had already invited merchants to participate, Bloomberg News has reported. But Tencent executives said during the company’s most recent quarterly earnings call that it prioritizes the user experience and any opening-up should be measured. “Restricting access to web links without justification severely affects user experience, damages users’ rights and disrupts market order,” Zhao said at a news briefing. “We’ve asked the companies to practically correct their actions, including blocking links in instant messaging platforms, and solve these problems step by step.” Tencent has previously been accused of barring rival services on its platforms. ByteDance in February sued Tencent, alleging its rival had violated antitrust laws by blocking access to content from Douyin on WeChat and QQ. The Shenzhen-based company has called the allegations baseless and malicious. Read more: Alibaba to Open Up Deals App in Concession to Antitrust Campaign — With assistance by Edwin Chan, and Yuan Gao Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: maceng2 who wrote (178205)

9/13/2021 5:17:20 AM

From: TobagoJack

Read Replies (1) | Respond to of 217735

whilst the stated goal is laudable,

lots of details and I am sure 'they' discussed the issues, just hope 'they' got it right

more watch & brief

btw, am not deliberately inundating you, but given the IT nature of the underlying stuffing, figure best to put it on the tea table we are sharing.

I shall bother others as appropriate :0)

bloomberg.com

China Should Curb Tech Monopolies to Ensure Growth, Says PBOC Advisor

Tom Hancock
13 September 2021, 11:09 GMT+8

Beijing should strengthen efforts to control the expansion of technology companies because the development of internet platforms leads to a “winner takes all” dynamic, which increases inequality and slows economic growth, an advisor to China’s central bank said.

“The new technological revolution with more prominent properties of increasing returns will inevitably produce an unprecedented tendency toward monopoly,” Cai Fang, a member of the People’s Bank of China’s monetary policy committee, told the state-run Securities Times in an interview.

Cai’s comments are the latest indication that policy makers in Beijing intend to continue a campaign to rein in tech giants such as Alibaba Group Holding Ltd. and Tencent Holdings Ltd., which has rocked equity markets this year. Cai, an economist at the state-run Chinese Academy of Social Sciences, argued that anti-monopoly regulation will increase productivity and help the country’s long-term economic growth.

Now that China has achieved middle-income status, future growth needs to come from productivity gains rather than increasing investment, Cai said. That requires more government action to increase competition between companies and prevent monopolies rather than relying on markets, he added.

The market mechanism “is also the mother and breeding ground of monopoly,” he said. “Market fundamentalism often deliberately downplays the existence and harm of monopoly.” The government should minimize “the obstacles to competition from technological progress and the expansion of enterprises,” he said.

Read More on the Topic

Why China Is Cracking Down on Its Technology Giants: QuickTake China to Break Up Alipay, Separate Loan Business, FT Reports (1) What ‘Common Prosperity’ Means and Why Xi Wants It: QuickTake

Cai said internet companies were more prone to monopoly as they tend to be larger and have stronger barriers to entry due to their control over data.

“There is a new phenomenon of ‘winner takes all’,” he said. “Therefore, starting from the necessity of promoting competition and innovation and protecting consumer rights, the task of preventing and breaking monopolies should not be taken lightly.”

Cai also commented on redistribution, a topic which has gained prominence following President Xi Jinping’s growing calls for “common prosperity.” He called for the construction of a social security system ensuring that people’s livelihoods are not affected by employment and income shocks, and greater equalization of public services between regions. Large cities should take the lead in improving public services, he added.

The PBOC advisor also called for continued government support for manufacturing, including in large cities such as Beijing and Shanghai.

“Without a manufacturing industry of appropriate size and which continuously upgrades, it is impossible to form a middle-income group of sufficient size,” he said.

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