Comment by callc
11 hours ago
Any amount of $$$ earned by CCP will not be easily passed down to citizens.
I’d be interested if there’s any objective measure of how much a countries money is passed down back to its citizens or hoarded by people in power. Is there any such measure?
Even if the money from the IPO itself doesnt go to directly to random citizens it still pumps a ton of money into their economy providing capital for other investments in new markets creating jobs, spending on goods/services by the company, hiring internally (IPOs always allow companies to expand), etc etc. That money doesn't just sit in a giant pile being unused, like Scrooge McDuck's gold pile.
Not to mention the training and development it would give a whole new class of people in China to operate global businesses.