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$BABA-W (09988.HK)$ the recent data security measures impose...
$BABA-W (09988.HK)$ the recent data security measures imposed by CPC is nothing new. Most of the developed countries such as US and Singapore have such rules and regulations. Thats why Facebook was fined. So why are panicking when the Chinese impose such rule? Of course the fear is always the uncertainty of what is coming next.
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BabaBlackSheep antossiu : Why common prosperity is bad?
Niwde antossiu : There’s no need to fear the Common Prosperity plan.
Here’s the first pilot rollout of the plan:
https://www.bloomberg.com/news/articles/2021-08-31/xi-tests-common-prosperity-policies-in-alibaba-s-home-province
“Zhejiang’s top official Yuan Jiajun has described economic growth as the “cornerstone” of common prosperity, and a growing economy makes it easier to reduce inequalities without causing conflict.”
R and R Ignand OP : Exactly. There is so much fear mongering among the media and the sad thing is people believe in them without doing any research and doesn't know anything about china market. what good does it do for the CCP if they destroy baba and tencent and make million lose their job. These business are important for china and CCP want them to succeed by implementing regulator, just like what many countries. The edu sector is a different story.