China makes great technology and the companies work as intended. One thing people don’t understand is that shareholders are not a priority. The companies are supposed to provide “social stability” not growth.
If a company grows too much it must either share its profits with the society or just be brought down. As you can observe shareholders are nowhere in the picture. Check BABA as an example.
That’s why so many Chinese people invested in properties.
That’s why so many Chinese people invested in properties.