Solving Sino: Towards Common Prosperity
In the latest instalment of the “Solving Sino” series, in which The Creative Accountant is getting to grips with the CCP and how things operate in China, he looks at how Big Tech firms in China are having to contribute towards the social priorities that have been identified by the government. “We cannot let an unbridgeable gulf appear between the …
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Solving Sino: China Goes Long
This conversation, from Ernest Hemingway’s novel ‘The Sun Also Rises’, is the perfect analogy for how the pace of Chinese regulation has increased in the past year: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.” At first, Ant Group’s halted IPO and restructuring raised eyebrows. Alibaba’s $2.8bn fine definitely had many sitting up in …
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