cross-posted from: https://lemmy.zip/post/51884177
The company’s Chinese arm has taken steps toward independence and has resumed selling products to domestic Chinese customers.
The sources said the Dutch government believes it can negotiate a resolution with China that will restore the company to a unified Dutch-Chinese structure.
It’s not like China hasn’t had protectionist policies. Why do you think they don’t let google/etc. operate within the country.
I don’t feel like those two things are the same.
That’s fair, but expect to see even more of this in the future.
China historically has done a lot to protect their domestic industries (blocking access to the country, currency manipulation to keep prices cheap, required state involvement, etc.). That’s not to say other countries haven’t (US with Bailouts and Itar, etc.).
However, I would expect to see more of this across the world as globalization takes a bit of a hit. Both from rising tensions, but also from some of the fragility in supply chains exposed due to the pandemic.
So banning foreign companies entirely is more ethical than letting them compete and nationalising them when they fail or become too greater risk?
Makes perfect sense!