China’s tech decline sparks national innovation shift: Catherine Thorbecke

China’s tech decline sparks national innovation shift: Catherine Thorbecke

China's top-down approach is rapidly closing the technological gap with the US
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Despite a severe government crackdown that shrunk China's tech sector, Beijing's innovation ambitions remain strong. While Western observers view the decline of companies like Alibaba and Tencent as a loss, China's focus has shifted towards national security and global dominance in areas like AI, electric vehicles, and green industries. China's top-down approach is rapidly closing the technological gap with the US, and its drive for self-sufficiency may redefine global tech competition.

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By Catherine Thorbecke

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