Chinese tech companies have grown over the years into giants with their products used all over the world; China remain one of the leading nation in the world of technology with amaizing innovation chuned out Consistently.
The number of Chinese innovators registering for patents for their products has been increasing for some years and it's likely to be higher in future.
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China can be rightly considered as a developed nation and a possible superpower country to dominate the affairs of the world in years to come, the growth experienced by the country is being driven by many factors,but one of them is the contribution of the private entrepreneurs especially in theaspect of technology.
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The decision of the Chinese government to take a tougher approach toward the tech giants in the country could signal a change in Which things are done In the past,tech giants have grown to become powerful empires with huge financial capabilities and we'll structured system that could turn out to more powerful Tobe controlled by the government.
However the government of china is becoming more interested in the activities of the tech giants in the country, the regulators are cracking down on big tech enterprises to ensure they stay in line with the agenda of the government
The government has been very bold and bullish in scrutinizing the activities of the established brand, Jack Mas company has been fined, the Didi app has been removed from app stores in china and the possibility of more brands facing china's cyberspace watchdog is high.
The tech companies may need to find a way to work with the government in order to avoid confrontation as this could end up being a costly decision.
China is a socialite country where the government remains the most powerful and influencial entity. The china's communist party (CCP) is incharge of the affairs of the country in various tiers you nder the leadership of the president Xi Jinping. The government has shown more interest in private business with target of ensuring they align with government goals and agenda.
The Chinese tech giants must cooperative with the authorities to ensure they continue to receive the support of the government.
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