How China smashing its own tech industry could lead to economic dominance
Shared by sole-fields · 119d ago · 5 comments
Interesting article on Chinese economic policy in the wake of recent crackdowns on a slew of big consumer tech companies.
But notice that China isn’t cracking down on all of its technology companies. Huawei, for example, still seems to enjoy the government’s full backing. The government is going hell-bent-for-leather to try to create a world-class domestic semiconductor industry, throwing huge amounts of money at even the most speculative startups. And it’s still spending heavily on A.I. It’s not technology that China is smashing — it’s the consumer-facing internet software companies that Americans tend to label “tech”.