China’s Self Curbs Are Endangering China’s Tech Industry

China’s Big Tech-friendly policies were instrumental in putting the country on the AI map. In fact, China is often touted to overtake the USA as a global AI leader in the coming years. However, recent developments point to the Chinese government’s increasing bid to control and regulate big tech companies.   China’s top legislative body passed a new data-security law last month that goes into effect in September. The new data law will compel companies to handle sensitive data with care. Firms that are found mishandling the ‘core state data’ will be forced to cease operations, have their licenses revoked or be fined up to 10 million yuan or $1.6 million. The Chinese regulators are also planning to change rules that will allow them to block Chinese companies from listin