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Your Jack Ma point really makes anything short of suicide doomed to failure. It seems impossible to regain trust when a rug pull is possible at any moment.
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So you think no sane developer would build his business there and immediately leave for other places like Singapore etc?
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I do, but I'm not a developer. What I can say is that incidents like that also destroy any credibility of publically traded companies there. A good example is this manufactured stock market rally a month after the middle class got crushed. Even some sort of earth shaking "free market reforms" announcement couldn't be trusted coming out of his mouth.
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