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A man passes by the logo for Alibaba outside the Beijing headquarters in Beijing, China, on Aug. 24, 2021. (Ng Han Guan/AP Photo) BEIJING—The Chinese Communist Party (CCP) is tightening political control over China ’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology.
Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry. Investor jitters have knocked more than $1.3 trillion off the total market value of e-commerce platform Alibaba , games and social media operator Tencent and other tech giants.
The CCP says anti-monopoly enforcement will be a priority through 2025. It says competition will help create jobs and raise living standards.
The CCP seems likely to stay the course even if economic growth suffers, say businesspeople, lawyers, and economists.Lester Ross, head of the Beijing office of law firm WilmerHale, said that Chinese leaders don’t want to […]
Read the rest of this story here: www.theepochtimes.com
We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
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JD Rucker
