Pekingnology • 128 implied HN points • 13 Mar 26
- Since 2018 China has entered a "new era" where the government is correcting reform-era excesses. It is cracking down on corruption, deleveraging finance, shrinking property speculation, and curbing oversized platform and tutoring industries to reassert state control and redirect resources.
- The leadership is doubling down on manufacturing and pushing for technological self-reliance, emphasizing "zero-to-one" breakthrough innovation and building a complete, independent tech ecosystem by around 2035.
- Those domestic priorities are closely tied to geopolitics: China aims to win tech competition with the U.S., build military strength from industrial and tech capacity, and press for eventual reunification with Taiwan. Possible bilateral outcomes range from stabilized competition and limited investment openings to a peaceful settlement over Taiwan.