China is encouraging the development of small, specialised tech firms in an effort to reshape the economy, but it comes with risks. Photo: Shutterstock
Opinion
Opinion
As I see it
Forget Big Tech: China’s new motto for ‘little giants’ is stay small and don’t stray
- By shunning the traditional business motto ‘become big and strong’, China’s ‘little giants’ plan aims to reshape its economy around small, niche firms
- Like other industrial policies, risks remain that some firms vying for a position in the new scheme will suck up resources with little to show for it
China is encouraging the development of small, specialised tech firms in an effort to reshape the economy, but it comes with risks. Photo: Shutterstock
