On August 23, Dexter Tiff Roberts was quoted in an article in The Independent that discussed Beijing’s recent crackdowns on China’s technology industries and the CCP’s intentions behind these actions. Roberts argues that “China’s top leadership believe they can rein in the excesses of big tech companies by calling a sudden halt of IPOs (making shares available to the public) or announcing a crackdown on a company like Didi Chuxing.” This recent behavior stems from Xi Jinping’s belief that “he can do all these things,” but “the reality is [that] it’s very hard to do” Robert contends. Roberts highlights that given the low productivity of China’s state sector, these developments are “going to hurt job creation and hurt innovation,” and “ultimately, they will also hurt the overall growth of the economy.”
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