re: Chinese swimmer Sun Yan is an OT baw

frick off troll. You're hopeless.

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illiterate like you.

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youre moron

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Hmmmmmm...

Don't worry about the simpletons. They think everything is black and white, and don't understand the complexities of China's economic system.

They've obviously moved toward a more capitalistic society, but China is still VERY communist.

Google "Chinese form of government" dumbass. Maybe you will pick up on something after reading a few hundred Internet sites on the subject

RR..capitalism on a Beijeng leash..an Alibaba tidbit..

"Who’s in Charge?

“Political risk is high in China. Your company exists as long as the government lets it,” says Professor John Griffin in McCombs’ finance department.

For Alibaba — as with all major companies in China — this means that its senior-most official is a secretary with the Communist Party of China. Who that is for Alibaba is unclear, however. This past June, the Wall Street Journal identified Shao Xiaofeng as both Chief Risk Officer and secretary of Alibaba’s Communist Party Committee, but his page on a government website appears to have been removed, and Alibaba’s corporate site gives no indication that Xiafeng has ever held the title.

It’s this potential lack of transparency that has alerted experts. “Listing on the New York Stock Exchange requires a level of transparency that isn’t required in China,” explains Doggett.

That doesn’t mean Alibaba won’t comply with SEC regulations. In fact, Doggett says, it’s in the Chinese government’s best interest that Alibaba perform well for investors, and they know this. But Chinese politics dictates that Alibaba’s primary stakeholder is not individual or institutional investors, but the government itself, and it’s unclear just how much ownership (direct or indirect) the government has.

An unnamed source with Alibaba tells Texas Enterprise that, “…there is no SASAC, CIC, and other traditional government holding platform figure… From the perspective of corporate governance structure, there does not exist the so-called government background… Ali is an ordinary private joint-stock company…”

SASAC stands for State-owned Assets Supervision and Administration Commission, and CIC refers to the China Investment Corporation, both of which regulate and manage state-owned assets.
Loyalty and the Law

But a recent New York Times analysis reveals deeper political connections that may fly under the radar for most casual investors. Several of Alibaba’s investment firms are run by family members of the most powerful officials of the ruling Communist Party, and Doggett adds that among publicly-traded companies, the Chinese government is often the majority owner — with its own set of rules.

“What most people don’t know is that for most of the publicly-traded companies in China,” he says, “the amount of stock that the public owns is anywhere between 15 and 30 percent, and the rest is owned by the government.”

And why could this matter, especially to investors 7,000 miles away? The issue is a legal one, explains Doggett, who holds a J.D. from Yale University. “One of the things [President] Xi Jingping required all judges to do right after he came to power was to swear allegiance to the Chinese Communist Party as the number one priority in any decision they make — and then the law.”

For foreign stockholders, that could inhibit their power to sue. If something happened that caused Alibaba to get de-listed, the company could be sued in United States courts, but those rulings can’t be enforced unless the Chinese courts decide to enforce them, he says."

dude looks like he's been chewing on rocks

A lot of dumbass in here.

There are a lot of people making serious money there (wouldn´t live there, but then again, I know the late 90´s China, and every inch of it), and many are from the US of A. Many.

I would not say they are Communist, as per the definition.

Also, those who spout it as a condemnation, what do you think you really have in this country, politically speaking? Really. Think before answering. What makes you think you are truly ´free´?

Ahh, and ALL automobiles, no matter where they come from, are the cheapest in the US, by a sickening margin. You Louisiana O & G baws ought to be happy, as you wouldn´t have jobs, otherwise.