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Caging the Tech Capitalists
Article

Caging the Tech Capitalists

How China built the bureaucracy it needed to crackdown on tech giants.



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8

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Chinese leaders modeled their economy on the idea of a “birdcage,” an approach that sought to unleash the nation’s growth potential while controlling its trajectory through regulation and policy. Under this formula, China’s technology ecosystem flourished, but in recent years, officials have done an about-face, releasing a torrent of regulatory and legal proceedings. Journalist Ya-Wen Lei examines the 180-degree turn in policy relative to the technology industry, focusing on what it portends for Chinese innovation. Executives and investors will find this an insightful analysis of the Chinese tech landscape.

Take-Aways

  • China built a “birdcage economy.”
  • Chinese officials believed tech companies’ power posed threats to the financial system.
  • Technology firms face a barrage of regulatory and legal proceedings.

About the Author

Professor of sociology at Harvard University Ya-Wen Lei also wrote Gilded Cage: Technology, Development, and State Capitalism in China.