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Drone maker DJI facing U.S. FCC ban — the national security risk and part China-state ownership are key issues (www.tomshardware.com)

submitted 4 months ago by alb_004@lemm.ee to c/technology@lemmy.world

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[–] player2@lemmy.dbzer0.com 23 points 4 months ago* (last edited 4 months ago) (1 children)

No, that is a common misconception. Most (~85%) companies in China are completely private and just pay taxes. Most of the super large companies (like fortune 500) are partially or completely state owned though. They have embraced aspects of capitalism the last decade, but with checks to ensure that huge corporations don't control society like in the US.

[–] xep@kbin.social 12 points 4 months ago* (last edited 4 months ago) (1 children)

Perhaps "state managed" would be a better descriptor for Chinese private companies, since some now have personnel belonging to the CCP serving in management or board positions.

[–] redcalcium@lemmy.institute 6 points 4 months ago

Being a successful politician in China may allow you to control large companies. Being a successful businessman in US may allow you to control political parties. I guess the endgame is the same for powerful people in both countries.