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Alibaba: Reality Discredits Relentless Media Bashing On Chinese Firms

ALT Perspective profile picture
ALT Perspective


  • President Biden's $2.3 trillion "once in a generation" infrastructure investment plan helped drive U.S. stock markets higher. Ironically, it was Chinese equities that scored bigger wins.
  • As naysayers trumpet that China and Chinese companies are going to fail, the commander-in-chief is extolling how powerful the "greatest adversary of the U.S." is in his efforts to push.
  • Biden's tax revisions could spur American firms to retain their profits in China. In turn, Beijing would encourage Chinese companies to invest overseas to relieve the appreciation pressure on yuan.
  • Lacking an offensive, American companies could be finding themselves isolated and lacking influence in fast-growing regions like Southeast Asia and Africa.
  • Various proposals from government bodies were picked up by the media as the basis of numerous doomsday scenarios for Chinese internet platform operators but those draft rules may not pass muster.

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By ALT Perspective for Chinese Internet Weekly

The major positive news last week was President Joe Biden's proposal for a $2.3 trillion "once in a generation" investment on infrastructure in the U.S. Ironically, it was Chinese equities

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