Maybe because what countries think of as a “tech industry” isn’t always the same
In other words, the crackdown on China’s internet industry seems to be part of the country’s emerging national industrial policy. Instead of simply letting local governments throw resources at whatever they think will produce rapid growth (the strategy in the 90s and early 00s), China’s top leaders are now trying to direct the country’s industrial mix toward what they think will serve the nation as a whole.
https://noahpinion.substack.com/p/why-is-china-smashing-its-tech-industry
An IB Global Politics Site 