The number of unemployed Chinese tech workers is growing amid fears that China's tech crackdown could kill the entrepreneurial drive that made it a tech power
Li Yuan / New York Times : Tweets: @nytimesbusiness , @ajitpai , @kennedycsis , @jorge_guajardo , @david_mulroney , @charlesmok , @liyuan6 , and @paratus2014 Tweets: @nytimesbusiness : In place of the pride and ambition that dominated China's economic rise a few years ago, fear and gloom now rule as many tech companies lower their growth targets and lay off young, well-educated workers, @liyuan6 reports. https://www.nytimes.com/... Ajit Pai / @ajitpai : Curious if this is broadly true: a VC “said his firm has given up on investing in consumer tech completely and has been busy persuading scientists and semiconductor engineers to start businesses. It hasn't been easy because not many scientists have the entrepreneurial drive.” https://twitter.com/... Scott Kennedy / @kennedycsis : The political logic pushing China's desire for tech self-sufficiency is actually killing the country's innovation ecosystem. GREAT piece by @LiYuan6. https://www.nytimes.com/... Jorge Guajardo / @jorge_guajardo : “Under the direction of China's top leader, Xi Jinping, the government's unbridled hand is meddling in big ways and small, leaving companies second-guessing their strategies and praying to not become the next targets for crackdown.” https://www.nytimes.com/... David Mulroney / @david_mulroney : As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope https://www.nytimes.com/... “Beijing wants its cyberspace to become a tool of governance and national rejuvenation. And it will penalize anyone who fails to serve the goal” @charlesmok : Control vs freedom, austerity vs prosperity. A test of will. As Beijing Takes Control, Chinese Tech Co's Lose Jobs and Hope Crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract its brightest. https://www.nytimes.com/... Li Yuan / @liyuan6 : A harsh and capricious regulatory crackdown is killing the innovation, creativity and entrepreneurial spirit that made China a tech power in the past decade. In place of the pride & ambition that dominated a few years ago,fear and gloom now rule. My latest https://www.nytimes.com/... @paratus2014 : Never interrupt your enemy when it is making a mistake. https://twitter.com/...