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The Dig: Clash of Empires w/ Ho-fung Hung

Jacobin Radio

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The Strategy of Survival Is to Eat Up Market Share of Foreign Companies in China

In 2008 China suddenly find that the US economic model is not invisible and it is very vulnerable. The strategy of survival is to eat up the market share of foreign companies in China. Many dominant enterprise in China either outright stay on it or even if they are private enterprise like this real estate market, tech companies have state backing. So when the pie seems to expand or even contract so it becomes a zero-sum game and cannibalism of some kind. In 2011 President Obama for the first time told Hu Jintao that we have a problem with Chinese companies treating unfairly.

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