China: China exerts grip on tech as Beijing expands economy control
China’s ruling Communist Party will play a bigger role in steering its vast technology industry, the latest sign that Beijing intends to exert more influence over swathes of the world’s No. 2 economy.The Party will refine a mechanism through which top decision makers on the Central Committee steer technological work, according to a CCTV report on a central government meeting led by President Xi Jinping. While it didn’t go into details, the pronouncement suggests Beijing will accelerate its role in funneling resources…