China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.
China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.
Local governments in China are wooing deals with tech giants to build on the so-called "platform economy," per the SCMP.
China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.::Local governments in China are wooing deals with tech giants to build on the so-called "platform economy," per the SCMP.
You're viewing a single thread.
The title is an opinionated interpretation of a fact, not a fact.
The crackdown was aimed at web-based services like e-commerce and ads and "innovative" ponzi scheme like cryptos.
But now that the US has launched a Tech war against China, China needs to develop their own core technologies: Hardware, Chips, AIs. Softwares, etc.