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World Business Report: First broadcast 13/01/2023 15:32 GMT : China tightens its grip on tech

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China tightens its grip on tech

First broadcast 13/01/2023 15:32 GMT 

First broadcast 13/01/2023 15:32 GMT : China tightens its grip on tech

BBC World Service - World Business Report, China tightens its grip on tech

Buying shares and installing board members, the Chinese state tightens control over tech.

Beijing has been buying shares in firms and installing board members who work for the state to increase control on tech firms.

After more than two years of cracking down on China's technology giants, Beijing is now taking a different tack by buying shares in the companies and demanding a seat on the board. We look at what that means for the firms involved and online users in China.

Apple CEO Tim Cook has had his pay almost cut in half to $49 million, after requesting it be cut. We find out if it's a trend other big bosses will follow.

And we hear how France's bakers are coping with soaring production costs from higher energy and ingredient prices.

(Picture: Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, July 8th 2015 Credit: REUTERS/Aly Song)

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First broadcast 13/01/2023 15:32 GMT : China tightens its grip on tech

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