2min chapter

Odd Lots cover image

Dan Wang Explains What China's Tech Crackdown Is Really All About

Odd Lots

CHAPTER

The Difference Between China and the US

In china, you can wake up on a summer day and suddenly the government is declaring that education firms are no longer going to be able to generate profits. Whereas in the states, if you actually got something like that, it would go through layers and layers of bureaucracy. And i think that's probably one of the key differences here. It's not necessarily what they're cracking down on, but it's the extremity and the way they're doing it,. ye the speed and ease and the sort of unilateral decision making.

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