It is what it is: China and America are going to face confrontations over the next few decades, economically, and we hope not militarily. And as the Taliban tells the world that China would be its strategic ally as it looks for ways to “rebuild” Afghanistan, one thing that is evident is this: China will find “fun” in making the US to lick its wounds, and vice versa.
It used to be like that during the old Soviet Union; US pain was Russian gain, and vice versa. Today, China has assumed that dimension. That translation is the core reason why China did not like its tech megastars making New York home. And to bring them to order, it invented many regulations and many are now shadows of their former natures.
Today, the message has come out loud and clear: there is a new stock exchange coming up in China, and tech companies are advised to list therein. Largely, if you list at home, your sins would be forgiven, as a mega tech company. Alibaba, Baidu, and co, over to you – China giveth, China taketh.
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China’s flurry of tech regulation has made it clear the country’s increasingly keen for firms to list at home, rather than in the US. Now Xi appears to be moving to bring tech IPOs even closer to the Chinese regulators that oversee them, with a new stock exchange in the country’s capital.
The new exchange, which Xi announced last week in a speech addressed to an international trade fair, would be Beijing’s first, with the country’s existing exchanges based in finance capital Shanghai and the tech hub of Shenzhen. Xi stopped short of giving a timeline for the launch of the new bourse, but it took only about eight months from the leader’s previous announcement of a specialized tech board in Shanghai for it to launch.
China – perfecting its version of capitalism!
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China is paragon of patience, it’s the grandmaster of long-term game, and it rarely loses. The US wasted over a trillion dollars in Afghanistan, trying to remake the country and its people, but it failed spectacularly. Now China will move in as a ‘builder’ and ‘partner’, while gaining access to all the rare earth elements and precious metals that dotted all the dizzying and ridiculous Afghan landscapes.
The Chinese tech behemoths cannot complain, because they are nowhere without China, so to remain in business, you must answer whenever Beijing calls, and you must respond with grace and reverence, else you become an outcast.
China is busy cornering a significant portion of the world with its ‘soft power’ playbook, they are not looking for who to invade or lecture on democracy, yet they will make you dependent on them…
Even those who wanted to crush Taliban but failed are now saying that there is possibility of working with the Taliban, that should tell you something.
Africa is still serving and listening to various headmasters dragging her in all directions, not knowing that in this world nobody cares, you simply define your play, when those who oppose it notice that you are not backing down, they will come for cooperation and partnership.
Amazing things happen in our world.
You always deliver. Nkwobi?
Yes, for 3!