China deepens support for tech as COVID-19 limits options

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BEIJING: Communist Party leaders have doubled down on support to China\u0027s tech sector in a rare meeting with executives, as Beijing changes its tack towards an industry it had suppressed until a virus rebound. China - the last major global economy sticking to a rigid zero-COVID policy - is contending w

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BEIJING: Communist Party leaders have doubled down on support to China's tech sector in a rare meeting with executives, as Beijing changes its tack towards an industry it had suppressed until a virus rebound.

The Chinese public's ubiquitous use of apps that streamline payments with everyday needs, from transport to shopping, has contributed to China's booming so-called"platform economy" - in which brisk commerce takes place over digital spaces controlled by tech giants. He also vowed to"support digital firms listing in domestic and foreign capital markets", CCTV reported.

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