this post was submitted on 25 Jun 2025
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Foreign investment was because of cheap labor and companies being subsidized by the communist government......
BYD might make a better car than Tesla, but saying that a Chinese company isn't "under the control of Xi Jinping", the guy who crushed Hong Kong for having too much independence and wants to do the same with Taiwan, is laughable.
Just take that sentence at face value and consider the ridiculousness of actually believing the guy alone has that amount of crushing power.
You're just regurgitating unfounded US propaganda which, this being Lemmy, is very unfortunate to see.
"Unfounded US propaganda".
Are you saying China DIDN'T aggressively take over Hong Kong and all of the businesses that operated there?
Xi is the head of the government in a totalitarian, communist regime. Just because he might be "leaving BYD alone" or whatever today does not mean that couldn't change in an instant.
The United States is its own form of screwed up and is an absolute mess. I'm not sitting over here going 'US good. China bad". I'm making the point they're both bad in different ways.
Uh, i kinda am, yeah.
Last time I checked, Hong Kong is still a tax haven in the middle of Asia. Western companies are still opening offshore subsidiaries and bank accounts there to engage in tax evasion, and the welfare system is still as pitiful as it was before China took over.
Retirees living in literal cages or under bridges is still common, and the same 3-4 families that ran Hong Kong's banking, industry and real estate are still in control like they've always been.
China took control of Hong Kong on paper only. By any economic metrics, everything stayed the same.