China’s effort to reign in huge companies has taken a brand new flip because the nation is setting its sights on breaking apart the fee platform Alipay. Growth Bust’s Christy Ai and Ben Swann weigh in on the most recent measures from the world’s second-largest financial system.
Then we convey you the most recent on the continuing authorized battle between Apple and Epic Video games, because the latter is trying to enchantment a current ruling. Eleanor Fox of the New York College College of Regulation gives an outline of the authorized disputes.
Plus, we have a look at the continued dispute over Northern Eire’s commerce legal guidelines within the wake of Brexit. Hilary Fordwich of the British-American Enterprise Affiliation breaks down the small print of the continuing negotiations.
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I agree with China government to allow more competition and not allowed one alipay to control the entire country. No Alogarcs like in America
I disagree, rules are needed to keep everything open and equal, well done CPC
Good one Ben. In absolute agreement. Tech is getting too powerful.
being too successful? I call BS, ant finance was trying to leverage to a batshit crazy level i.e., 2-98 while taking 70% of the profit, come on :V…
When inherent risks to the general public are not mitigated you will get the collapse of a system similar to the 2008 financial mayhem. The Chinese government had the foresight to regulate these big techs companies before it is too late. Sound regulation can help healthy growth that is sustainable with less risk to the consumer.
I would not say China is over reaching. Look at the US. Financial companies took advantage of their situation and did all kinds of illegal stuff. NOBODY went to jail after the financial crisis. I'm talking cooking the books! Totally illegal. And the American government only slapped a fine… but CEO's still got huge bonus's
growth and regulations don't go hand in hand? China has been very regulated for the past 20-30 years… China outgrew the world… Regulations are needed, as long as they serve the consumer and not the politicians,
Everyone and their dog told Brexit voters that Northern Ireland will be a major bottleneck. Northern Ireland should never have been in the UK in the first place, but now its so obvious that its moving toward a United Ireland. Unionists see it, and that's why they are screaming and shouting. To make their case harder, London couldn't give a flying bible about Northern Ireland in general and will continue to negotiate without them in mind. It leaves Unionists fending for themselves. Instead of looking toward Dublin to make some level of compromise – they just stick their heads in the sand and don't want to compromise.
If they made the Protocol work, Northern Ireland would be safe as people would be happy.
This woman on this waffling on about trade deals (which isn't actually true at all she is lying) and that the EU is 'punishing' the UK which it's not. The UK voted to make itself a Third Country. The EU then treat it as a separate third country and this clueless woman thinks this is the UK being punished when it VOTED to be treated as a third country. Completely out of touch with this subject.
Capitalists don't rule China unlike the Capitalism in the US and other western "Democracy" and "Capitalist Freedom."
United Ireland is the solution 🇮🇪🇪🇺
Man, hitting that plastic surgery hard.
It depends where u are educated, if u are indoctrinated with american free market economics, then u will disagree, but china is more worried about "late stage capitalism" as expounded by Marxists and communist economic doctrines and critiques!
They are not going to break anything.
RT is growing more and more extremist towards China.
China doesn't BREAK anything.They fix it.They make it better…
That's why China has such GREAT public transportation comparing to the west..
This Christy Ai has been more and more aggresive towards China and also VERY disinformed.
Doesn't she knows how much Ali pay is fucking with the country?
Doesn't she knows how much Alipay controls?
Of course they have to do something..they are controlling the entire MARKET.
Chinese companies CAN THRIVE but not fucking with everyone else!
The CCP is doing a great job FOR ITS PEOPLE.Not for stupidly big companies that make millions on the backs of the workforce.
Ben Swann was WAY MORE on point than that stupid little girl.
UK is a 3rd nation now, it means lots of red tape to trade with the … EU! Paperwork that doesn’t exist for EU members … dummy!!!
This is part of the Brexit Protocol which Boris Johnston agreed as his oven ready deal and which got him elected.
Now that the UK has left the EU it is no longer in the free trade area and faces the rules which UK helped design when they were members of the EU.
Now they are not happy and are whinging.
The world doesn't want or need ANOTHER ZUCHERBURG or Facebook or Instagram or Rupert (and sons) Murdoch
It's no different than anti trust laws in the US . Monopolies are not OK.
Pacific region trade? With Kiribati? Lol
EU Clowns
China’s not punishing anyone; they’re laying a market environment that benefits and protects the people and small to medium size companies where there’s more growth potential. This show May display the RT logo but this is just Western propaganda. Will this doubtful model work? Well the Chinese have be damn successful so far. The wild Wild West, which she claims was such a prosperous environment free from regulations, stole all the land from the Native Americans and committed genocide, this women speaks like a true Imperialist; ya know, steal land, commit genocide, kidnap thousands and thousands of people from a continent away to sell as slaves, colonize with mi,Italy strength to control someone else’s natural resources – that’s Imperialism.
Christy did not seem happy in that segment
Meritocracy is built upon promoting what's good for the whole humanity. This is sustainable and productive. Monopolies focus upon harnessing markets and milking them dry. This is nonsustainable and distructive for humanity. Meritocracy promotes the good in an individual, monopoly promotes the opposite. China's government is vigilant. My book FROM BABYLON TO HERE is an exposé of the demonic forces thriving upon monopolising peoples' minds. Seeing and understanding it makes freedom from its grip possible. Thank you China for showing the West a better way forward.
China is smart. Ali pay offering loans is encouraging spending future money. Will end up like USA where most people are only perpetually in debt, especially for glitters and to show off
Chinese Government are Protecting the Consumers against Rogue Lenders!!!
Alibaba has been trying to ignore the law and rules in China for years, something is really wrong about it's loan business. CCP is doing the right thing to stop Alibaba.