minus-squarekredditacc@lemmy.worldtoTechnology@lemmy.world•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.linkfedilinkEnglisharrow-up14arrow-down1·1 year agoThe 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. linkfedilink
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.