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>"A lot of people thought Xi would not crack down on tech companies either, because it would hurt the economy, but he did anyway." From what I read the crackdo
by FpUser 4y ago
>"A lot of people thought Xi would not crack down on tech companies either, because it would hurt the economy, but he did anyway."
From what I read the crackdown was temporary and is now coming to an end. I guess they've achieved whatever goals were pursued and it is back to business as usual.
https://www.cnn.com/2023/01/09/economy/china-economy-guo-shuqing-ant-group-intl-hnk/index.html https://www.cnn.com/2023/01/09/economy/china-economy-guo-shu...
- twblalock 4y agoThe goal was to prevent the emergence of a power center that could challenge Xi and the party.