HONG KONG—China’s communist state has made a show in recent months of supporting the lowest-level workers in the country’s bare-knuckle tech industry, an emerging plank in leader Xi Jinping’s campaign to shrink the country’s wealth gap and usher in a new era of “common prosperity.”

The moves also bolster a sweeping effort by Mr. Xi to exert more control over one of the nation’s few strategic sectors that is dominated by private capital.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

How do I delete a Gmail account?

GMAIL is by far the most popular email service on the internet…

Biden’s Covid Plan Will Define His Presidency

On Day Zero of the presidential administration of Joe Biden, the single…

World’s first complete T-Rex skeleton to go on show after being buried for 67million years

THE world’s first complete T-Rex skeleton, found after it fell to its…

The 8 Best Turntables for Your Vinyl Collection

Vinyl’s biggest selling point isn’t the sound. It’s the physical experience: shiny,…