The Communist Party of China’s crackdown on ride-hailing firm Didi over supposed data-security concerns seems to be just the beginning of a wider campaign to assert control over the country’s thriving tech sector. Foreign investors hoping that Chinese leaders will realize their folly and reverse course should think again.
CLAREMONT, CALIFORNIA – US politicians from both congressional parties are worried that China is overtaking America as the global leader in science and technology. In a rare display of bipartisanship, the normally gridlocked Senate passed a bill in early June to spend close to $250 billion in the next decade to promote cutting-edge research. But lawmakers may be fretting unnecessarily, because the Chinese government seems to be doing everything possible to lose its tech race with America.
CLAREMONT, CALIFORNIA – US politicians from both congressional parties are worried that China is overtaking America as the global leader in science and technology. In a rare display of bipartisanship, the normally gridlocked Senate passed a bill in early June to spend close to $250 billion in the next decade to promote cutting-edge research. But lawmakers may be fretting unnecessarily, because the Chinese government seems to be doing everything possible to lose its tech race with America.