Chinese Regulators Hold Talks With 11 Ride-Hailing Firms Including Didi

MonkeyGee : you know what it just too much effort to round any business let's just close it all.  I just can't understand the objective here.  Any more dicking around the whole system is going to collapse.

doctorpot1 OP MonkeyGee : Some news mentioned that China’s system is innovate then regulate. This is so that they can advance quickly, but then later keep it in check. So I guess it is now the regulate part of the plan

MonkeyGee doctorpot1 OP : it's almost like a homeless person telling Buffett how to invest

doctorpot1 OP MonkeyGee : but you have to remember that companies are mostly greedy and unscrupulous, if the government don't come in an regulate then it will be bad news for the country and citizens. look at the property developer crisis now for example, even when the government came in with the 3 red lines to try and make sure property developer don't get over leveraged, those company still find ways to bypass them. and now a crisis bigger than 2008 crisis might be crashing upon the world.

even in US I find the regulators don't regulate strong enough and that create a lot of huge monopoly, and monopoly is bad for the economy and the country.

MonkeyGee : I agree but like most chinese parents they always take the chicken feather stick out for ever conversation.  Do you get the real answer with that method and what happens when they get older?

doctorpot1 OP MonkeyGee : yea DiDi beating is way worse than the other company... They really made the parents angry until candles, needles and belts are on the table

Jeff Boyd doctorpot1 OP : At least the property developers used to make money. Ride hailing firms do nothing but burn cash. Maybe regulation will allow increasing fees so companies can make money for a change although I seriously doubt it. I just don't think there is money to be made but I own it anyway.

doctorpot1 OP Jeff Boyd : the property crisis in China is cause by a crazy "ponzi scheme" like method. They pre-sold the house when it is not even built, took that money to buy new land so that they can pre-sell more homes to buy even more land. not much money is left for the actual construction of the home hahahaha