It's really interesting that someone can know all of these domestic Chinese names and yet declare the industry generally a "smoking ruin". Is it from a newsletter or something?

Because anyone who used these companies' products in China would see a pretty large ecosystem that's making a lot of money.

From my perspective curtailing Ant's plans was positive regulatory action.

Political priorities and good governance is why we have government.

Remember how China turned its tech industry into a smoking ruin

Not really, no. What planet is this on?

Some of these were very good decisions imho, from someone who spent two months in Chineese rural area around ~2019.

- Tutoring platforms were a plague on Chineese youth that increased the weight of their already _very_ heavy load (tbh, i think and education reform might have been preferable, this is a stopgap, but at least it is something).

- Ant group was offering predatory consumption loans to rural China, which to me felt a lot like the "revolver credits" that plagued my country in the 80s and 90s and pushed to many to suicide (the surname cam from their english name, "revolving credit", and because my countryside had a lot of hunting rifle available to whomever). Considering how rural china is mistreaded by Chineese state and general government (and imho this is a real weakness in China politics), having this group by a huge fine for their practice and a general debt forgivness was great. Curtailing Ant's power is also good.

- Stopping consolidation is a great way to keep a market free.

- Crypto companies: mining diverted power from villages who couldn't compete on purchasing power to mining wharehouses in some state. The ban is great for the rural population at least. Also, if that can curtail the birth of Chineese cryptobros, great for the mental health of the country.

The US is now doing a softer and broader version of the same thing to trust-based export sectors. It’s not the same method but! it is the same mechanism. The main difference is that the US damage is more reputational than structural, so it could be reversed faster (only if policy stops telling customers that dependence on America is a political risk)

China tech industry is smoking ruin? On what planet are you living?

Orange and apples... China has very intentional policy behind those decisions. The US... Not so much. I don't buy that Trump and his whole cabinet are as dumb as they look, but they are only motivated by profit. And ignorance.

This was generated by AI and slightly re-written or end capped by a human. Anyone that knows who Meituan and Boss Zhipin are wouldn't make the claims this post makes. It's not reasonable that someone who could list off these companies and incidents would believe China's tech industry is in ruin. There's no way. This poster clearly promoted for the list, and wrote his commentary around it. Sad.

> defence - why would anyone buy US weapons after Greenland and Canada

Huh? US foreign military sales are up at all time highs

"Total exports by the United States, the world’s largest supplier of arms, increased by 27 per cent. This included a 217 per cent increase in US arms exports to Europe, according to new data published today by the Stockholm International Peace Research Institute (SIPRI)"

[https://www.sipri.org/media/press-release/2026/global-arms-f...]

Yep, American tourism is in shambles. Everyone's terrified

...because the USA made it into the knockout stage. really scary stuff

> defence - why would anyone buy US weapons after Greenland and Canada

It's the ONLY one (almost) that are actively tested and verified in real battles.