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Many of Beijing’s tech companies are in the Zhongguancun district, a cluster of office complexes set on land that, during the imperial era, served as a burial ground for palace eunuchs. For a generation, Zhongguancun has evolved with each passing fashion in tech. These days, advertisements for A.I. products are rapidly replacing washed-out ads for the metaverse.
~ Evan Osnos via The New Yorker

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For years, China’s rising power has rested on a fragile balance of economic freedom and political control, in what early Party reformers called the “birdcage economy”—airy enough to allow enterprises to thrive, but not capacious enough to sacrifice power. That arrangement has rarely looked more tenuous.
~ Evan Osnos via The New Yorker

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