Seeing the future of Chinese tech and innovation.
Every four to five years, countries all over the world hold public elections, bringing in new leadership, new trajectories, and movements.
China is well-known for its unique planned economy – national leadership is not directly elected by the public, but instead indirectly elected through the National People’s Congress. Sometimes it is referred to as a socialist-based market economy. The political leadership then issues a new Five-Year Plan (FYP) detailing the desired trajectory and goals of the government within the following five years.
In the past month, the Ministry of Industry and Information Technology (MIIT), (the regulation body for the internet in China) released notifications regarding user rights violations to dozens of apps.
MIIT highlighted that these apps have collected personal information beyond the authorized scope and demanded rectification with the coming month.*
This notification is MIIT's continued effort to regulate use of personal information. In recent months, this tightening control appears to have become a new norm in China's innovation ecosystem.
Innovations in China
Intense pressure from the US-China trade war has started a transformation in Chinese innovation: shifting the focus from sheer number to higher quality. The promulgation of China’s 14th 5-Year Plan seals the trajectory of this movement.