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Best of the Spectator

Chinese Whispers: are Chinese companies arms of the state?

Best of the Spectator

The Spectator

Society & Culture, News Commentary, News, Daily News

4.3826 Ratings

🗓️ 20 July 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

The days of tightly controlled state economy are gone in China - but are they returning? In recent months, Chinese companies from Huawei to TikTok have caused concern in the West for fear that they don't really work for shareholders or themselves - but for Beijing. On this episode, I speak to Duncan Clark, a China expert who advises western investors on the Chinese economy, and author of Alibaba: The House That Jack Ma Built. So how independent are Huawei, TikTok and even Alibaba? More than you may think - but less and less so these days.

A fortnightly podcast on the latest in Chinese politics, society, and more. Presented by Cindy Yu. Listen to past episodes here.

Subscribe to the Spectator's first podcast newsletter here and get each week's podcast highlights in your inbox every Tuesday.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Get 12 weeks of The Spectator in print and online for just £12.

0:05.2

And we'll give you a £20 £20 Amazon Give Voucher, absolutely free.

0:10.0

Go to spectator.com.uk forward slash voucher.

0:19.0

Hello and welcome to Chinese Whispers with me, Cindy Yu.

0:22.7

Every episode I'll be talking to experts, journalists and longtime China watchers

0:27.1

about the country's politics, society and more.

0:30.2

There'll be a smattering of history to catch you up on the background knowledge

0:33.2

and some contextualization.

0:35.4

How do the Chinese see these issues?

0:39.2

So I hope you'll join me every other Monday.

0:52.4

It wasn't long ago when the Chinese lived in communes and their workplaces provided stronger personal ties than their families did.

0:56.4

But that approach improverished a post-colonial post-war China even more.

1:02.5

Then in the 1980s, then-leader Dan Xiaoping began a process of so-called reform and opening,

1:06.0

encouraging private enterprise and dialing back the hand of the state.

1:09.8

Today, private firms, especially those in cutting-edge technology,

1:11.2

are some of the largest companies in China.

1:13.4

But with concerns over Huawei and now TikTok, how private and independent are these companies?

1:19.7

My guest today is Duncan Clark, who has been in China since the 1990s.

1:24.2

He set up a business there advising Western investors on where to put their money in China.

1:29.3

And he's also the author of Alibaba, the house that Jack Ma built, a biography written from his time spent with until recently the richest man in China, Jack Ma, who founded the Chinese equivalent of Amazon.

1:41.3

So, Duncan, you've been in and out of China for such a long time. Can you give us an

1:45.2

idea of what the business environment was like for entrepreneurs back in the 90s?

...

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