It does not need to be relative to anything to be “bad”.
A state-owned company in a totalitarian empire is part of a system that suppresses freedom of speech, uses forced labour, conducts genocide, seeks to undermine democracy overseas. That’s why it’s bad.
Because when CCP is influential enough (through all the seemly benign companies it controls), you, as a citizen of US, will be forced to not to speak anything bad about it, an authoritarian country now and a totalitarian-Empire-to-be.
The state is not a static line of code. The senior party members behind the Ant changed their mind for whatever reason, willingly or unwillingly. The result is the haunt of the IPO.
Many years later, as he knelt before Emperor Xi, Donald Trump Jr. was to remember that distant afternoon when his father had a chance to form TPP, the everyone but China trade agreement.
Speaking about art in SG. I find that street artists in Europe are way more better than those in SG. I’m always amazed by their skill and enthusiasm in my Europe trip. While back in SG, the only ones I see are art students or old uncles playing some music that you can hardly say “good”. This is sad.
Do you agree that all Chinese companies (even foreign ones operating in China), state owned or not, has to do whatever CCP wants?
If you do, you already have the answer.
If you don't, I suggest you get to know a bit more about China before CCP's alternative facts become the facts.
Ditto for correctness, importance, and strength. In effect the four components are like numbers you can multiply together to get a score for usefulness.
A state-owned company in a totalitarian empire is part of a system that suppresses freedom of speech, uses forced labour, conducts genocide, seeks to undermine democracy overseas. That’s why it’s bad.