No, it is literally true that every company has a party member they must answer too. Whether its a board member or a local party representative.
There is no business autonomy with a court to settle differences. The party wants it, the party gets it. Full Stop.
>The board of directors of a company are not generally owners.
Like I said, China is not America. On Chinese Boards sits a party member who has absolute control. China doesn't care what function American boards typically serve.
> No, it is literally true that every company has a party member they must answer too. Whether its a board member or a local party representative.
Which still doesn't make it literally true that: "The Chinese government owns tiktok", (unless, in addition to using "own" figuratively you are also using "literal" in the now common sense that actually means "figurative").
We're not talking about America. Chinese companies are defacto arms of the chinese government. It's a communist country. Any sense of private ownership is just a sense, it doesn't really exist.
I don't know how many times we have to go in this circle until we get through that dense skull. If you think you understand Chinese business because you understand western business - you don't.
The board of directors of a company are not generally owners.
> and on that board is a CCP member who has the real final say on everything the company does
Which is why it's figuratively true in the "pwn" sense, but not literally true.
Wording matters, and so does getting the facts right.