**China’s Xi Targets Tech Industry in Latest Bid to Control Economy**.
Chinese President Xi Jinping has launched a new campaign to rein in the country’s powerful tech industry, a move that is likely to have wide-ranging implications for both the domestic economy and global markets..
Xi’s campaign, which was outlined in a speech to the Politburo on April 19, 2023, is based on the belief that the tech industry has become too powerful and is posing a threat to the Communist Party’s control over the country..
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