

8·
2 years agoThe title is an opinionated interpretation of a fact, not a fact.
The crackdown was aimed at web-based services like e-commerce and ads and “innovative” ponzi scheme like cryptos.
But now that the US has launched a Tech war against China, China needs to develop their own core technologies: Hardware, Chips, AIs. Softwares, etc.
The longer the Americans focus their attention to the culture war, the less likely they pay attention to economic issues.