China Exerts Grip on Tech as Beijing Expands Economy Control
www.bloomberg.com
China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.
  • Red Wizard 🪄@lemmygrad.ml
    ·
    10 months ago

    https://archive.is/20240220003112/https://www.bloomberg.com/news/articles/2024-02-19/china-vows-to-centralize-tech-development-under-communist-party

    Archive of the full article.

    This is rational from China's perspective. Divesting in the American technology pipeline not only weakens America's grip on the global economy but also positions China as the leader in global technology.

    Also, we have more evidence of US putting back doors into technology than we do China. If you're living in the imperial core, it's far more likely that the US is monitoring your activities than China is.

    • Maoo [none/use name]
      ·
      10 months ago

      If there's anything to retain concern for it's Chinese companies sharing data with the US gov. On the plus side, that will probably decrease as the US tries to isolate (read: undermine and create a cold war against) China.

  • Cunigulus [they/them]
    ·
    10 months ago

    There is so much potential for efficiencies if the state can subsidize and guide software development. It should really be treated as public infrastructure to be efficiently managed for the public good rather than a means for private monopolies to siphon as much rent as possible.

  • GnuLinuxDude@lemmy.ml
    ·
    10 months ago

    I think we can expect to see a future where a lot of Chinese computing is done on RISC-V. They will not have any need for American technology companies, b/c we don't do the manufacturing anyway. We just have the IP for entrenched technology. Americans were too short-sighted with all that trade war, Nvidia GPUs, and Huawei stuff. Why wouldn't your biggest trading partner take that as a warning sign that they must foster their own tech sector?

    Also, when you can truly plan for longer terms than fiscal quarters or, if you're being really ambitious, fiscal years then I don't see how you can't just eventually dominate the sector.