You understand the reason for this is to ensure that Chinese companies are held accountable to the people? Just like in Germany, where companies have board members from the bank that is financing them, to ensure that companies are held accountable to financiers
It goes deeper than accountability.
If it would be confined to board memebers then the analogy would stick but there is also a mandatory représentation in management.
Although the specific amendments vary by company, in many SOEs—and even some private companies—these “party building” provisions include giving the company’s internal Party organization a voice in management decisions and ensuring that key personnel of the Party organization also serve in management or board positions. Already required for SOEs, the CCP has recently begun to extend this system to private enterprises.
In some companies it goes really deep.
For example, in April 2018 a website run by the CCP Organization Department released an article about the Chinese internet giant Tencent, heralding the significant overlap between the company’s Party organization and its management. According to the article, Tencent’s information security management team, which also handles “public opinion guidance,” is led by a deputy secretary of the firm’s internal Party organization, and 80 percent of the team are Party members.The article also states that eleven members of the Tencent Party organization are company executives or heads of major business departments. This overlap between the Party organization and firm management suggests a deeper and more surreptitious influence on company operations than is commonly assumed, particularly as Xi Jinping has made clear that all Party members should “keep in mind that their first identity is as a Party member, and their first duty is to work for the Party.”
I’m aware that this should be no surprise and all in line with China’s governmental structure but I’m not sure that European lawmakers are aware of this. China’s gonna China and they have the right to do so.
You do realise this is all good and as it should be, right? To make sure that companies operate in the public good, and not purely for their own profit?
I generally distrust state actors. Especially when they take up seats in companies. There are certain things you should never leave to private companies like water, electricity or public transport but there is no freedom when you install permanent supervision in every corner of society.
But I speak from a democracy. There’s no comparison when you speak from a single party government.
That’s it, I suppose. I would never trust the government. Not in the long run. Elected politicians have a program but, and I know that from actively writing legislation, after a few years it is hard to find a politician that is still on the same course as when elected.
Well, that’s the thing, there is a single party, but this does not mean China is not a democracy. Their government is far more responsive to protests and popular demands, and the Chinese Communist Party is made up from millions of people who get a say from the local level upwards. People are actively involved in designing policy. Contrast this to the US and UK, for instance, where the voices of the general public are drowned out and ignored, and elections are won by appealing to the interests of big businesses and foreign donors. In the UK right now we have a government which is completely beholden to business interests, and a Labour party which has repeatedly purged its socialist elements under the guise of combating anti-semitism. It would be less antagonising if they admitted what they were really all about, which is crushing the working class. We even have a monarchy and state sponsored propaganda to prop them up.
You understand the reason for this is to ensure that Chinese companies are held accountable to the people? Just like in Germany, where companies have board members from the bank that is financing them, to ensure that companies are held accountable to financiers
It goes deeper than accountability. If it would be confined to board memebers then the analogy would stick but there is also a mandatory représentation in management.
In some companies it goes really deep.
For example, in April 2018 a website run by the CCP Organization Department released an article about the Chinese internet giant Tencent, heralding the significant overlap between the company’s Party organization and its management. According to the article, Tencent’s information security management team, which also handles “public opinion guidance,” is led by a deputy secretary of the firm’s internal Party organization, and 80 percent of the team are Party members.The article also states that eleven members of the Tencent Party organization are company executives or heads of major business departments. This overlap between the Party organization and firm management suggests a deeper and more surreptitious influence on company operations than is commonly assumed, particularly as Xi Jinping has made clear that all Party members should “keep in mind that their first identity is as a Party member, and their first duty is to work for the Party.”
I’m aware that this should be no surprise and all in line with China’s governmental structure but I’m not sure that European lawmakers are aware of this. China’s gonna China and they have the right to do so.
https://www.csis.org/analysis/new-challenge-communist-corporate-governance
You do realise this is all good and as it should be, right? To make sure that companies operate in the public good, and not purely for their own profit?
I generally distrust state actors. Especially when they take up seats in companies. There are certain things you should never leave to private companies like water, electricity or public transport but there is no freedom when you install permanent supervision in every corner of society.
But I speak from a democracy. There’s no comparison when you speak from a single party government.
That’s it, I suppose. I would never trust the government. Not in the long run. Elected politicians have a program but, and I know that from actively writing legislation, after a few years it is hard to find a politician that is still on the same course as when elected.
Well, that’s the thing, there is a single party, but this does not mean China is not a democracy. Their government is far more responsive to protests and popular demands, and the Chinese Communist Party is made up from millions of people who get a say from the local level upwards. People are actively involved in designing policy. Contrast this to the US and UK, for instance, where the voices of the general public are drowned out and ignored, and elections are won by appealing to the interests of big businesses and foreign donors. In the UK right now we have a government which is completely beholden to business interests, and a Labour party which has repeatedly purged its socialist elements under the guise of combating anti-semitism. It would be less antagonising if they admitted what they were really all about, which is crushing the working class. We even have a monarchy and state sponsored propaganda to prop them up.