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Recent reforms instituted by Chinese president Xi Jinping—which shall affect the tech sector and the Chinese people's participation in the virtual economy at large—have been described as a turn to Maoism, a warning for rich capitalists, and the “Red New Deal.”
The reforms propel Xi’s priorities for China’s socioeconomic future, where technology helps monitor and quash potential sources of social conflict.
But Xi’s government is not interested in becoming secondary to China’s big tech firms, nor in punishing them; instead, the motivation is to rein in how much tech expands China’s public sphere, and maximise digital's ability to nudge behaviour toward party priorities.
Full article available here.