Ray Dalio ‘wrong’ about China tech crackdown, economist says

China expert George Magnus disagrees with Bridgewater Associates’ Ray Dalio on Beijing’s tech crackdown.

In a LinkedIn post this month, Dalio said investors were misconstruing a clampdown by China on sectors including fintech, online tutoring and food delivery as “anti-capitalist.”

“The trend over the last 40 years has clearly been so strongly toward developing a market economy with capital markets, with entepreneurs and capitalists becoming rich,” the billionaire hedge fund manager said.

“As a result, they’ve missed out on what’s going on in China and probably will continue to miss out,” Dalio added.

Magnus thinks Dalio is mistaken. The economist,

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Quantum computers: China has ambitious plans

The quantum simulation laboratory of Chinese Academy of Sciences, in Shanghai, east China. /Xinhua

The quantum simulation laboratory of Chinese Academy of Sciences, in Shanghai, east China. /Xinhua

Editor’s note: Djoomart Otorbaev is the former prime minister of the Kyrgyz Republic, a distinguished professor of the Belt and Road School of Beijing Normal University, and a member of Nizami Ganjavi International Center. This is the second piece of his series on quantum computers. The article reflects the author’s views and not necessarily those of CGTN.

In three papers published on arXiv.org on June 28 and 29, scientists from the University

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China and the US are vying for more control over computer chips. But South Korea isn’t giving up without a fight

A new battle is brewing between China and the United States, but it has nothing to do with military might.

Instead, the two superpowers are vying for control over something that fits in the palm of your hand: a computer chip.

China was spooked.

It had realised it might not be able to access this vital component needed to power everything from phones to cars to fridges and keep its economy rolling.

Demand was outstripping supply so companies and countries were scrambling to get their hands on them.

China needed a plan to make sure it had a steady supply

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Battlegrounds Mobile India Sends Data to Servers Outside Country, May Include China; CAIT Demands Ban

Battlegrounds Mobile India is now available on Early Access and over 5 million downloads were achieved within a day of it going live. The privacy policy of the game mentions that data is stored in servers located in Singapore and India, but it may transfer user data to other countries to operate the game service or to meet legal requirements. A fresh report also claims that data is being sent and received to servers in China, Hong Kong, US, and Moscow. In a bid to make a comeback in the Indian market, the game makers had promised to cut all

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Battlegrounds Mobile India Data-Sharing Issue With China Servers Fixed With a Small Update: Report

Battlegrounds Mobile India has been under the scanner ever since its early access went live a few days ago. It was reported to have been sending and receiving data to/ from servers in China, Hong Kong, Moscow, and the US. It was also reported to be pinging a Tencent server in Beijing when booting up. Krafton had announced to cut ties with China-based Tencent last year to revive the game for Indian users, and these new reports suggested that the company was not keeping its promise. Now, Krafton appears to have released a small update to fix the China server

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How women’s digital habits are evolving in China in 2021

“Women hold up half the sky,” former Chinese leader Mao Zedong famously said. More than fifty years on, women in China are doing so online, driving digital trends and fast becoming a cohort that marketers ignore at their peril.

By the simplest measures, digital participation is robust among women. In 2020, nearly half (49.4{a7758c3706987b952e6c06b8e84de22b0478c6ec9e4b4c13f69a9ea693861278}) of the country’s internet users were female, according to our latest estimates. In fact, internet penetration among females was 69.2{a7758c3706987b952e6c06b8e84de22b0478c6ec9e4b4c13f69a9ea693861278}, surpassing the penetration rate among males (67.1{a7758c3706987b952e6c06b8e84de22b0478c6ec9e4b4c13f69a9ea693861278}).

Instant messaging was the most popular app category among females in China who used mobile internet every month, followed

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