"we have to think about how Jack Ma and others - are being treated to really reflect that even for homegrown entrepreneurs, there's been a complete change of attitude. I think that when you think about investments, you've got to think about the cost of capital of your investment. I would say that cost of capital has gone up, the risk has gone up of investing in China”.
Jack Ma, widely reviled in China for being a frontman (his company is foreign-owned) and for publicly urging a change in the most successful economy in world history, to his own benefit.
Anyway, Jack is playing golf.
More important, FDI into China has increased 20% and 17% in each year since Jack's rustication and China's economy has grown 400% faster than ours since Covid showed up.
"we have to think about how Jack Ma and others - are being treated to really reflect that even for homegrown entrepreneurs, there's been a complete change of attitude. I think that when you think about investments, you've got to think about the cost of capital of your investment. I would say that cost of capital has gone up, the risk has gone up of investing in China”.
Jack Ma, widely reviled in China for being a frontman (his company is foreign-owned) and for publicly urging a change in the most successful economy in world history, to his own benefit.
Anyway, Jack is playing golf.
More important, FDI into China has increased 20% and 17% in each year since Jack's rustication and China's economy has grown 400% faster than ours since Covid showed up.