Chinese government quietly shifts course on tech rules as economy needs boost

Beijing makes subtle moves to ease strict tech-sector rules without officially changing policies. Changes affect private tutoring education-tech companies hit hard by past restrictions

October 29 2024 , 08:48 PM  •  3331 views

Chinese government quietly shifts course on tech rules as economy needs boost

Chinese officials are quietly backing away from strict tech-sector rules‚ showing a shift in their hard-line approach. The education-tech industry (which lost about $100-billion after 2021 restrictions) sees first signs of relief‚ as underground tutoring costs keep rising

The governmentʼs tech-related changes include less-strict rules for video-games AI and cross-border data flows. Since late-2020 tech firms lost over $1-trillion in value but now Beijing needs to fix its slow-moving economy: youth jobless numbers dont look good even with new counting methods

The challenge is that no-one can openly say past choices were wrong because Xi Jinping controls everything. The party cant admit mistakes unless theres big political change – like what happened with the zero-covid policy last year when they just started saying the virus wasnt dangerous anymore

The Cyberspace Admin of China (a super-powerful agency thats not very see-through) makes twice as many rules now as it did about 5 years ago. If leaders want to show theyre really changing course they could move some power away from this group

Chinese people trying to enter US through south america has dropped a lot: only 124 people made the dangerous Darién Gap trip in sept-24 compared to ten times more in june. This happened because Ecuador stopped its no-visa rule for Chinese visitors in july

Big cities are stopping Halloween fun (unlike christmas or valentines day) because young people might wear not-allowed costumes. In other news power use went up 7% this year – more than economic growth – but good news is that new power comes from clean sources

Gan Baoʼs father had often brought her food and drink treating her with all the affection he had shown her in life

from ancient Records of Investigations Into the Spirit Realm text about entombed maidservant