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.
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.
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.
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.
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.