Military Space News
INTERNET SPACE
Chinese premier affirms support for technology sector
Chinese premier affirms support for technology sector
by AFP Staff Writers
Beijing (AFP) July 12, 2023
Chinese Premier Li Qiang met representatives from tech giants including Alibaba and TikTok's Chinese counterpart Douyin on Wednesday to "listen" to them, state media reported, after years of turbulence in the sector.

The companies were able to develop within China's loose regulatory framework but, since 2020, have met resistance from authorities over issues of personal data and practices that have been deemed opaque.

Industry heavyweights have been sentenced to heavy fines, with the crackdown costing billions of dollars in market capitalisation.

The Chinese government is now trying to reassure the sector, with the country facing an economic slowdown and record youth unemployment of more than 20 percent.

Li "listened to the opinions and suggestions" of the sector for a "healthy development" of the digital economy, state broadcaster CCTV said.

Representatives of Alibaba's cloud computing arm, e-commerce champions JD.com and Pinduoduo, and social networks Douyin and Instagram-like Xiaohongshu were among those present.

"I hope many digital companies will firmly believe in the future," said Li, according to CCTV.

Heavy fines imposed on tech giants Tencent and Ant Group last week were seen as a signal that the crackdown on the sector may be coming to an end.

Fintech giant Ant Group and a Tencent affiliate were fined almost $1 billion and $415 million respectively for various infringements.

"Most of the outstanding problems... have now been rectified", the regulator said on Friday.

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
China launches new satellite to test satellite internet technologies
Beijing (XNA) Jul 12, 2023
China on Sunday sent a new test satellite into space from the Jiuquan Satellite Launch Center in northwest China. The satellite was launched by a Long March-2C carrier rocket at 7:00 p.m. (Beijing Time) and entered the planned orbit. It will carry out test missions for satellite internet technologies. The launch was the 478th flight mission of the Long March carrier rocket series. ... read more

INTERNET SPACE
Lockheed Martin achieves milestone in PAC-3 MSE Integration with Aegis Weapon System

Swiss want in on Germany's Sky Shield plan

Lockheed Martin targets small businesses via Next Generation Interceptor

Poland to buy US Patriot missile defense systems worth $15 bn

INTERNET SPACE
First French long-range missiles already in Ukraine

France to send Ukraine SCALP long-range missiles: Macron

France's SCALP missiles: long-range weapon for Ukraine's armoury

4 killed, 37 injured in Russian missile strike on Lviv in Ukraine's far west

INTERNET SPACE
Pentagon calls on Russia to stop 'reckless behavior' in Syria

U.S. kills ISIS leader in Syria with drones that had been harassed by Russia

CENTCOM: Russian jets harassed U.S. drones in Syria

Drones steal the spotlight at Paris Air Show

INTERNET SPACE
ATLAS Space launches Freedom Space for Government Missions

SYRACUSE 4B Satellite Launched: Boost for French Military Communications

DoD awards Global X-Band Blanket Purchase Agreement to SES

Ensuring reliable communications between US and Partners at the tactical edge

INTERNET SPACE
Fury among aid groups as US approves cluster bombs for Ukraine

MARSS Unveils NiDAR X-JOC: A Transportable, AI-Enabled Command and Control Centre

Lithuania says NATO summit will offer Ukraine 'a lot'

'Thin-armoured' French tanks impractical for attacks, says Ukraine commander

INTERNET SPACE
UK minister warns West 'not Amazon' for Ukraine weapons

Germany pledges 700 mn euros in new arms aid to Ukraine

Biden thanks Erdogan for Sweden decision, backs F-16s sale

Cuba, Russia envisage technical-military cooperation

INTERNET SPACE
Greece seeking Turkey restart as leaders meet

Biden wraps NATO summit, vows 'we will not waver' in defense of Ukraine

Long-term aid plan for Ukraine shows Russia time 'not on its side:' US

Biden: Putin 'bet wrong' on hope NATO would break over Ukraine invasion

INTERNET SPACE
Single-molecule valve: a breakthrough in nanoscale control

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.