China’s tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country’s cozying up to its tech firms again.::Local governments in China are wooing deals with tech giants to build on the so-called “platform economy,” per the SCMP.
Yet they’re buying up land globally like it’s going out of style. In Asia, Africa, even US farmland. Thankfully a bill was recently passed to block purchases in the US now.
They’re buying islands around the globe, close to US installations for strategic military purposes for their announced ~2027 invasion of Taiwan which will include the US and Australia getting involved.
I went off topic for Technology but I feel it applies to talk of their economy.