this post was submitted on 31 Jul 2023
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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. (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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.

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[–] TanakaAsuka 9 points 1 year ago

People have been saying the Chinese economy is a year or two away from complete collapse for the past few decades, each time for a different reason. I'll believe it when it actually happens.