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(China) Beijing’s tech conundrum in 2021: How to bolster tech sector while reining in the digital giants (Wang Yanbo, Think China)

Amid greater efforts at achieving greater self-sufficiency in developing core technologies, China will turn to an erstwhile resource it has depended on — the state — to move forward. But will state-controlled venture capital funds be nimble enough to catch the next wave of tech innovations? And judging by the regulatory clampdown on Ant Group and others in recent months, a key preoccupation of 2021 will remain growing the digital economy while trying to rein in digital giants.

https://www.thinkchina.sg/beijings-tech-conundrum-2021-how-bolster-tech-sector-while-reining-digital-giants