Wang Xiaochuan, CEO of Sogou, a Tencent-backed search engine, explained this dynamic explicitly in a quote leaked in March of this year:
_We’re entering an era in which we'll be fused together. It might be that there will be a request to establish a Party committee within your company, or that you should let state investors take a stake, you know, as a form of mixed ownership_
On 3 April 2019, South Korea became the first country to adopt 5G.[102] Just hours later, Verizon launched its 5G services in the United States, and disputed South Korea's claim of becoming the world's first country with a 5G network, because allegedly, South Korea's 5G service was initially launched for just 6 South Korean celebrities so that South Korea could claim the title of having the world's first 5G network.[103] In fact, the three main South Korean telecommunication companies (SK Telecom, KT and LG Uplus) added more than 40,000 users to their 5G network on the launch day.[104]
China's rare earth near monopoly was built on SOE (state own enterprise) which driven private competitors from the market. Rare earth is important for electronics component production logistics chain.
China's rare earth market warping tactics doesn't benefit countries outside of China.
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