Alibaba isn’t just consumer facing internet technologies, look up the vast b2b stuff it does. And other types of companies have been smashed as well like evergrande or Wanda.
Also, do you really think innovation will come from state companies? In that case, why didn’t 1980 China or 1980 Russia thrive?
Also, do you really think innovation will come from state companies? In that case, why didn’t 1980 China or 1980 Russia thrive?