If you are looking for the latest China Technology News, you’ve come to the right place. Despite the fact that the country’s government has largely restricted the activities of major tech companies, there are still plenty of stories worth reading. In this article, we’ll briefly outline some of the more notable stories from the country. Using our summary format, we’ll highlight the biggest news items from January to March 2021, including community buying platforms, the ‘digital yuan’ currency trial, and the increasing government’s influence over the tech sector.
While China’s public opinion analysis software is still targeted at domestic users and media, a Washington Post review of bid documents shows that the country has increasingly turned its efforts outside the country. Journalists identified orders for the creation of sophisticated software systems to collect data on foreign targets, including Western social media outlets. Despite the high-profile nature of these stories, there are some positive developments worth noting in China. Hopefully, these developments will spur China’s own innovation in technology.
In recent years, the Chinese government has begun to clamp down on tech companies that do not align with its strategic goals. While many of the publicly traded companies in China have suffered, this downturn could spread into the Chinese economy and have a global impact. It’s also possible that the Chinese government has gone too far in its clampdown, which may result in a sharp decline in the country’s economy. And given President Xi Jinping’s friendship with Russian leader Vladimir Putin, investors have become increasingly sceptical of China’s economic outlook. While we don’t know how far the government will go in its crackdown, it’s clear that this trend is already gaining momentum.