What role will China's technology industry play in the future? Is there enough money to support a new generation of tech companies?
The Chinese economy slowed in recent quarters due to global macroeconomic turbulence, as well as the country's now-fading zero- COVID policies. The policies, which China's government is currently dismantling, resulted in frequent lock downs in the nation's populous cities, as well as disrupted trade and transit.
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China's economic growth slowed due to other factors. Changing regulations and a history of debt- fueled expansion have taken a toll on the country's real estate market. China's government cracked down on its domestic tech industry in the late 2020s, with the exception of the planned fintech IPO of Ant.
A host of other regulations came down from the Chinese Communist Party after Ant was put into the penalty box. There was a decline in venture capital activity.
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