Jack Ma's terrible week

Automatic TRANSCRIPT

You are listening to Bloomberg. BusinessWeek. Now a big story over the past week. You We talked about it A lot on air is the Chinese government blocking what would have been the world's largest typo? We're talking about Jack Mas and Financial as Bloomberg New Economy editorial director Andy Brown right this week in his column, those business leaders who take risks and push the limits. In China. They definitely pay a price. And it is also very telling about China overall, and he joins us on the phone in New York City and good to have you back with us. We've talked a lot about this, but your column I really think is very thoughtful again and it gets into when big Chinese leaders You know when they speak back or speak out against the Chinese government. There's a big price to pay in these two leaders in particular you highlighted they have paid a big price. That that that that that's exactly right. I mean, you know what this whole episode is telling us is that when it comes to business in China politics is in command and won't be tied. The private, effective leader who does to speak back to power, and that's exactly what happened in this case, and you know it is. There's a bigger question here around innovation and spirit in China. I mean China's way past today is when it can copy in scale. It is operating now, with the very frontiers of technology. It needs Aiken class. It needs rebels. It needs disruptive. And you know, Jack Ma. Personifies allow all of those attributes. This is a guy who pretty much single handedly resolved. The issues that enabled e commerce to take off in China was an issue of trust people didn't trust Putting their credit card numbers out onto the enter. He figured out a payment system around that economists off course, and we know they know one of the key drivers of the Chinese economy. He wants to do the same and eaten Fintech, and he's just being sat on. And you talk about also what you say is China's most celebrated movie director talked to us about a very similar experience that he that he came up against in terms of China. It was. It was interesting parallel case, and I was trying to, you know, compare and contrast with detail. They're actually quite similar. This was in February last year. Johnny, Mo China's most famous Movie director. I mean, you know, artistically sublime. The guy who actually put on the opening and closing ceremonies off the Beijing Olympic Games. He had a movie coming out, called one second. It was about the culture revolution. It was due to be screened at the Berlin Film Festival two days before the screening his production companies for technical reasons they were pulling them. They were pulling the movie. Clearly it was a question of, you know off censorship, So you know he's spent the last. I don't know how many months recutting this movie so that it will get through the Chinese censorship regime instead of moving on to his next triumph, his next movie, you know, he's he's They're busily satisfying the cultural saws. Who have the final say

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