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Bloomberg Daybreak: Europe Edition
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The Future of China's Tech Industry
We're seeing more and more signs from regulators that they want the big tech companies, Tencent Alibaba by doing the rest to help them resuscitate what's really a flagging economy at the moment. We won't see them return to sort of the swaggering days of before COVID zero and before the tech crackdown in 2021, 2020. But we will see them slightly be unshackled to be able to pursue technology sectors that Beijing sees as its primary priorities strategically. In AI, cloud, computing, chips, these are all strategic areas they need to compete with the US.
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