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.
This is a most excellent place for technology news and articles.
They want tech, they just want to be sure tech knows which hand holds the whip.
That seems clear now.
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.
I’ve said it before and I’ll say it again: fuck China, fuck their Uyghur policy, fuck their human rights violations. Fuck them.