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Comment by nsoonhui

9 hours ago

I don't think this has much to do with export control-- note that Manus, as impressive as it is, is still a wrapper around fundamental western models--, rather it has more to do with capital controls.

China has been trying to stop large scale outflow of businesses and individuals for quite some time, due to local politics concern. What Manus was doing, achieving successes first in China then setup a nominal shell company in Singapore, seems like a textbook case of flight (润）, which China is trying to prevent.

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nsoonhui

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bluegatty  8 hours ago

This is a good answer. The export controls have a strategic purpose - and Manus fits squarely within the spirit of the controls and maybe not the technicality of the rules.

Consider that if this were a much smaller project, they'd run afoul of the same technicalities but would they be sanctioned? Probably not.

It's very fair to make comparisons as to the arbitrary application of these rules in various regimes, lord knows 'TikTok' has been treated like a Pinata, but still, it'd be naive to think that this is about 'some rule'. It's about the 'Grand Game'.

Should note: the 'nominal shell' stuff I think is fair game for all nations to be scrutinizing. All of this 'Caribbean Island Incorporation' I think violates 'the spirit' of commercial laws and practices anyhow. It'd be one thing if Manus was 'really' a Singapore company but that it's truly just 'some paperwork' gives legitimacy to the 'onshore rules' being applied.