Key Quotes
"The crackdown is killing the innovation, creativity and entrepreneurial spirit that made China a tech power in the past decade. It is destroying companies, profits and jobs that used to attract China’s best and brightest."
"In the third quarter of last year, China’s biggest internet company, Tencent, posted its slowest revenue growth since its public listing in 2004. The e-commerce giant Alibaba’s profitability declined by 38% from a year earlier.
Didi, once the most valuable start-up in the country, reported an operating loss of $6.3 billion for the first nine months of 2021. In July, the authorities stopped Didi from signing up new users and ordered app stores to remove its services pending a cybersecurity investigation."
" The crackdowns are having a chilling effect on the job market. Many young Chinese are looking to the public sector for more stable positions, even though they pay less. There will be 10 million college graduates in China in 2022, according to the Education Ministry. About 4.5 million have applied to graduate schools, up by 800,000 from 2021. More than two million people have applied to take civil servant examinations, up by half a million, according to the Chinese state media."
You're not too bright bud. Are you and your lying NYT article here to tell us Chinese that the recently introduced laws and regulations last year have already killed the most competitive and dynamic tech industries in the world and all it took was a lousy ban on private tutoring, ensuring that ride hailing app Didi was protecting the data of Chinese riders, making sure that Ant financial wasn't going to make a literal ants of the hard earned money and lives of many average working class Chinese folks...etc..
The journalism in the west along with their half baked analysis and penchant for their ready made narrative are what's causing them along with yourself to underestimate, dismissive, and dismissed Chinese governance their performance towards the economy, trade, scientific accomplishments in tech and space, most importantly in the military sphere.
If the best narrative that your country and your allies must insist on doing that China is both weak/fragile and a menacing threat at the same time it's inevitable that you folks will keep failing to dent China's rise. You guys love to boast about your love of "strategy" and have supposedly read Sun Tzu's The Art of War. But in so far, and I can be fatally incorrect with my amateur assessment, the actions of the preceding American government and current one can hardly be label and or viewed in this manner. There's no coherent strategy no respect to your rival that's China.
The opposite is the case when it comes to both the Chinese government, leadership, and most importantly the Chinese people. We have a deep and profound respect not to mention awe inspiring admiration for what the U.S. has achieved in it's 247 year existence as a Republic. The Chinese people both within and without know full well the enormous contribution America has made to the world regardless of how that achievement was made. And their not arrogant nor stupid enough to assume to underestimate the still enormous potential capability and capacity to accomplish great things good or bad.
Americans on the other hand have become so accustomed with the concept of manifest destiny, divine providence which basically means you guys are enamored with the messiah complex.
The competition between China and the U.S. is not a sprint but a marathon. China has been around the blocks a few millenia whereas America is literally a baby by comparison; an artificially created country.