The Chinese Government Is Cracking Down On Tech Companies : The Indicator from Planet Money When a Chinese tech CEO shared a poem over a thousand years old, his company's stock plummeted. Investors are on a knife's edge as the Chinese government cracks down on big tech.

China's Big Tech Crackdown

China’s Big Tech Crackdown

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GREG BAKER/AFP via Getty Images
(GREG BAKER/AFP via Getty Images)
GREG BAKER/AFP via Getty Images

In May 2021, Chinese tech magnate Wang Xing posted a poem over a thousand years old on social media. Many read the poem as a criticism of the Chinese government's antitrust crackdown. His company's stock fell over $37 billion in the following weeks.

Countries all over the world are trying to figure out what to do about dominant tech companies. So we looked into how China is dealing with tech monopolies, and how this compares with the U.S. In short: China's going hard. And fast.

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