News Snapshot:
This post was originally published on this site The New York Times ( 7/19/21 ) warns critics of Big Tech not to be “too impressed by how swiftly Beijing is bringing its tech titans to heel”—because China is forcing these companies to promote the government’s effort s “to reduce inequality and promote what the party calls ‘collective prosperity.’” Recently, US media have been aghast at legislation affecting China’s tech sector. As part of a comprehensive economic initiative , Beijing has instituted a series of regulations—including fines, IPO suspensions , data-collection laws and other measures—for technology businesses that have raised concerns...
