this post was submitted on 25 Apr 2024
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[–] zed_proclaimer@hexbear.net 142 points 6 months ago (2 children)

Good. China should also retaliate and start forcing American companies in China to hand over ownership

[–] jackmarxist@hexbear.net 114 points 6 months ago (1 children)
[–] take_five_seconds@hexbear.net 35 points 6 months ago (2 children)
[–] emizeko@hexbear.net 35 points 6 months ago (1 children)

xinternet dammit they're PUNKING me on hexbear. I have to act

[–] take_five_seconds@hexbear.net 25 points 6 months ago* (last edited 6 months ago)

Overheard in The Great Hall of the People after the Hexbear post: “They got me,” Xi said of Hexbear's dunk on him. "That fucking Hexbear boomed me." Xi added, “They're so good at posting,” repeating it four times. Xi then said he wanted to add Hexbear to the list of liberal revisionists he dislikes this summer. xi

edit: need a better joke for the last sentence

[–] muad_dibber@lemmygrad.ml 4 points 6 months ago* (last edited 6 months ago)

Luckily for us the PRC isn't as easy to manipulate as marty mcfly in back to the future (oh you called me chicken? Guess I'll do whatever you want me to do now). They ain't taking the bait.

[–] AcidLeaves@hexbear.net 51 points 6 months ago (3 children)

They already do....

Almost everything foreign in China is 51% state owned. McDonald's franchises, Costcos, Gucci stores, etc.

[–] zed_proclaimer@hexbear.net 93 points 6 months ago* (last edited 6 months ago) (1 children)

Those places entered into China while agreeing to those restrictions. That’s different than the US allowing foreign investment then rugpulling it and stealing the Chinese owned portion of a business after the fact.

In order to retaliate, China needs to seize or steal American capital.

[–] sooper_dooper_roofer@hexbear.net 20 points 6 months ago (1 children)

In addition to that:

60% of ownership is by global hedge funds

so effectively half of bytedance is owned by westoids anyway

[–] redtea@lemmygrad.ml 12 points 6 months ago (1 children)

Might depend on whether that 60% has voting rights.

[–] AcidLeaves@hexbear.net 20 points 6 months ago (1 children)

CPC has something called a golden share in a lot of companies. It's a 1% equity stake that allows for overruling voting power in certain elections

[–] Assian_Candor@hexbear.net 41 points 6 months ago

We've gotta pump those numbers up