In short
Odd Lots Podcast Episode Summary
Episode Title
The Surprising Similarity Between the US and Chinese Internets
Hosts
- Joe Weisenthal
- Tracy Alloway
Guest
- Yi-Ling Liu, Author of *The Wall Dancers: Searching for Freedom and Connection on the Chinese Internet*
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Episode Overview In this episode, the discussion revolves around the evolving nature of the internet in both the United States and China, particularly focusing on how initial hopes for a liberalizing force have not materialized as expected.
Key Concepts
- Historical Context:
- In the 1990s, the internet was anticipated to bring about democracy and liberalization globally. However, this has not been the case in either the US or China.
- The internet in China has become highly controlled by the state, while in the US, it has become dominated by a few major tech companies.
- Nationalism and Internet Culture:
- Liu discusses the emergence of nationalism on the Chinese internet, contrasting it with similar trends in the United States.
- The podcast explores how both countries have witnessed a rise in tribalism and conflictualism online.
Discussion Points
- Censorship vs. Freedom:
- Liu describes the "dance" individuals engage in while navigating the Chinese internet, balancing freedom of expression against stringent censorship.
- The conversation reveals that both U.S. and Chinese users grapple with issues of content moderation, algorithmic influence, and state or corporate control over discourse.
- The Role of Algorithms:
- The impact of algorithms in shaping content visibility and user engagement is highlighted.
- The episode discusses how both countries' platforms are beginning to mirror each other in terms of content control and censorship.
- Public Perception and Agency:
- Liu notes a divide between those creating technology and those using it. Users often feel powerless, leading to sentiments of being "non-player characters" in their digital narratives.
- The emergence of nationalist sentiments online is also tied to broader feelings of agency and identity within digital spaces.
Insights from Yi-Ling Liu
- Personal Narratives:
- Liu's book offers insights into individual experiences on the Chinese internet, moving beyond state or platform-centric narratives.
- She emphasizes the need to view the Chinese internet through the lens of personal stories rather than simplistic binaries.
- Censorship Mechanisms:
- Liu elaborates on the vagueness of censorship rules in China, which allows for a broad interpretation and self-censorship among users.
- The labor-intensive nature of censorship and the role of both human moderators and algorithms in filtering content are examined.
Key Takeaways
- Cultural Parallels:
- Despite vastly different governance styles, the evolving dynamics of nationalism, censorship, and online tribalism show significant parallels between the Chinese and American internet landscapes.
- Challenges of Moderation:
- Both societies face challenges related to content moderation, the influence of algorithms, and the centralization of power in determining what is seen and shared online.
- Future Implications:
- The discussion hints at the broader implications for governance, public discourse, and social cohesion as the internet continues to evolve.
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Conclusion The episode offers a thought-provoking exploration of how the internet serves as both a tool for connection and a mechanism for control, showcasing the complex interplay between individual agency, state power, and corporate influence in shaping online experiences in both China and the United States.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOReflections on Internet Evolution
1:35 to 3:20
Hosts discuss the transformation of the internet from a utopian vision to a centralized, conflictual space.
“Hello and welcome to another episode of the Odd Lots podcast.”
Censorship and Geopolitical Dynamics
3:20 to 4:50
Discussion on the geographical splintering of the internet and varying degrees of censorship worldwide.
“You have to try really, really hard nowadays to find like good and useful corners of the internet.”
The Nature of Chinese Internet Censorship
4:50 to 5:56
Exploration of the complexities and vagueness surrounding censorship on the Chinese internet.
“do believe to some extent that a lot of the leaders around the world are looking at China in a seemingly more controlled internet, like with jealousy, right?”
Personal Stories and Individual Perspectives
5:56 to 7:49
Guest Yiling Liu shares insights from her book on the Chinese internet, focusing on personal narratives.
“really do have the perfect guest, someone who has written a fascinating new book all about the Chinese internet.”
Complexities of Internet Freedom in China
7:49 to 9:22
Discussion on the nuanced nature of internet freedom and censorship in China.
“I think the main reason behind this choice was if you look at Western news headlines or headlines in general about China and Chinese technology, it almost always falls under one of two binaries.”
The Evolving Landscape of Censorship
9:22 to 11:14
Examination of how censorship has changed in China over the years and its socio-political implications.
“I think of the story of the internet in China, at least, as a romance.”
Mechanics of Censorship Enforcement
11:14 to 14:00
In-depth look at how censorship is implemented and the role of self-censorship among users.
“So, you know, back in the day, I would say the lines were much clearer.”
Understanding Censorship in China
14:00 to 15:00
Learn about the complexities of censorship and self-censorship on platforms like Weibo.
“Or it happens the other way where Weibo's censors aren't even receiving that directive.”
The Role of Wumao and Online Trolls
15:00 to 16:41
Explore the dynamics between online trolls and government censorship in China.
“There's this dynamic called flooding, which refers to when incels or a particular group of online individuals are pumping just content onto a news feed to try to get rid of news that they don't want people to look at.”
Influencers and the Similarities Between US and China
16:41 to 18:50
Discuss the parallels between patriotic influencers in China and the US online landscape.
“As we come into 2026, we are realizing that one thing we're constantly thinking about on the show is how companies actually get built.”
Show all 22 chapters
The Origins of Weibo: A Censorship Story
18:50 to 21:00
Learn about the founding of Weibo and its relationship with censorship in China.
“We have no sense of whether or not these are kind of homegrown, grassroots patriotic flames that are just amplified.”
Decentralized Control and Censorship
21:00 to 23:20
Examine how decentralized controls affect censorship practices in the Chinese internet.
“And he did essentially the same thing as all these other companies.”
Creative Bypasses of Censorship
23:20 to 26:00
Discover how users creatively bypass censorship through language and codes.
“I think this is an underappreciated point sometimes, but the vagueness in the decrees is done on purpose, right?”
Comparing Chinese and American Internet Content
26:00 to 28:00
Explore the differences and similarities between content on TikTok in China and the US.
“So one term that I've noticed come up, it's not hugely viral in either place yet, is this idea of the NPC.”
Comparing US and Chinese TikTok Content
28:00 to 29:40
Explore the cultural perceptions of content on TikTok in the US vs. China.
“I want to get into more of this sort of like, especially like how an American or internationally, we might learn more generally about what's going on the Chinese internet.”
Government Crackdowns and Internet Usage
29:40 to 31:00
Discuss the Chinese government's approach to regulating internet use among youth.
“But what I will say is that definitely within the Chinese censorship context, there is this emphasis on what the party likes to call positive energy.”
American Users Flooding Chinese Platforms
33:01 to 35:35
Discover the shift of American TikTok users to Chinese platforms during a ban.
“If I spoke Chinese, could I open up a Weibo account from here?”
Nationalism in Online Spaces
35:35 to 42:06
Analyze the rise of nationalism on the Chinese internet and its political implications.
“What are the like parallels with, I guess, censorship in China or where do you see key differences in terms of what the algo can do to influence the general population?”
The Impact of International Events on Chinese Internet Users
42:06 to 43:19
Learn how the 2008 Olympics and financial crises influenced Chinese nationalism and internet engagement.
“They were seeing CNN, you know, posting news about the Tibet protests and not covering the Olympics.”
AI and Censorship: The Evolution of Control
43:20 to 45:38
Explore how AI has transformed censorship practices in China and its implications for governance.
“Anyway, we have to get in an AI question.”
Comparative Governance: U.S. vs. China
45:39 to 47:26
Understand the parallels in technology centralization between the U.S. and China despite differing regimes.
“I mean, people have criticized algos here for being essentially black boxes.”
Societal Cleavages in the Age of Technology
47:27 to 49:28
Discuss the socio-economic divides exacerbated by technology in both the U.S. and China.
“And I think that's the key problem is that we've taken this like decentralized technology and made it highly centralized.”
Transcript
Automatic transcript. May contain errors.0:00UKG, their HR, pay, and workforce management tools help business leaders empower their people. because when work works, everything works. Learn more at ukg.com slash work. I'm Carol Masser. And I'm Tim Stenevec, inviting you to join us for the Bloomberg Business Week Daily Podcast. Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead. We've got insight on the people, the companies, and trends that are shaping today's complex economy. That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S.
0:34market close. Gotta say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it. We also have a lot of fun doing it. Bloomberg Business Week also brings you the analysis behind the headlines through conversations with our expert guests. And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast. Search for Bloomberg Business Week on YouTube, Apple, Spotify, or anywhere else you listen. Check it out on your way home from work to catch up on the conversations that you miss during the business day.
1:04And on the weekend, check it out for a complete wrap-up of your Business Week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masser. And I'm Tim Stanovic. Subscribe today wherever you get your podcasts.
1:35Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. And I'm Tracy Alloway. Tracy, remember how like in the late 90s, like the internet was starting to become a thing and people thought it would bring like liberalism and democracy. Utopia. I totally bought into that. Like, you know, people look back at that and like, oh, they were naive. Like, I don't blame them. Like, I think I bought into that too. I mean, there was something very wholesome about the sort of mid 90s internet culture where you could go to everyone's like little individual blog and people were mostly talking about their hobbies and things like that.
2:09Or at least that was my experience of it. Probably colored by the fact that I was in middle school at the time. But it seemed very innocent. It was very cool. It was very decentralized, right? So now we associate the internet with a handful of tech oligarchs that control various kingdoms. Maybe you could even say within the internet, whether it's the meta kingdom or the Amazon kingdom or whatever. But it was very decentralized. Everyone had their own little sites. cobbled together and so forth. And I totally bought that idea. It's just like, oh, we're all going to talk to each other. We're going to work things out.
2:40And there's no way that authoritarian governments could ever control this. And we will finally realize the true promise of democracy and all that stuff. I totally bought into it. Fast forward to 2026. How would you describe the internet now? I mean, the word that always comes to my mind, and there are many words, is just this sort of like sheer, like sort of tribalism and conflictualism on every level, right? Nationalism, racism, bigotry, anti-Semitism, sexism, et cetera. It's just like riven with that. It's riven with conflict and so forth. It's heavily centralized. All of this sort of utopian promise, I'm like, oh, didn't really pan out that way.
3:20I would say cesspool. Cesspool, that's a good one too. You have to try really, really hard nowadays to find like good and useful corners of the internet. I'm not saying that they're not out there, but it is interesting how far we've deviated from that initial utopian premise of the internet. The other thing that's happening, we're recording this on, let's see, January 27th. What's interesting is that we're starting to have even more discussion about the power of the platform. So over the weekend, there've been some allegations that TikTok, for instance, is censoring Minneapolis video or video of the Minneapolis shooting.
3:58And that's just after the new ownership took control of the platform, right? So they spun off the US business. Now it has all these new owners and people are starting to talk about, well, maybe they're censoring or even if they're not directly censoring some stuff, maybe the algorithm is influencing what people see. Totally. And then there's one other dimension before we get into the conversation that I think is very important here, which is that But the internet is splintering geographically, right? So we've known for a long time, of course, people talk about the firewall in China and the Chinese internet, but it's not just China, right?
4:33We see the UK establishing its own rules and we see Australia establishing its own rules. We saw the thing a couple of years ago with Brazil temporarily banning Twitter, etc. And so there's all these sort of intermingling of digital platforms and national sovereignty. And I really do believe to some extent that a lot of the leaders around the world are looking at China in a seemingly more controlled internet, like with jealousy, right? And they're saying, oh, we would love to like have this level of control over our sort of town square, et cetera. And, you know, some countries have the first amendment, so that makes it very tough, et cetera.
5:11But it really feels like there are so many aspects of the internet that are sort of not panning out and people are like, we want to constrict what people can see. We want to tighten the algorithms. We want to curb some kind of discourse, et cetera. And I think this is going to be one of the biggest stories of our time. Yeah. With China specifically, there's still a big question, which is whether or not the censorship of the internet basically allows it to act as a sort of like safety valve that lets people, you know, blow off some steam, but not enough steam to actually threaten the regime over there, or whether it's actually a tool or could be a tool of social change because people are to some extent allowed to say some stuff.
5:52I think that question is like still kind of unanswered. Well, I'm very excited to say we really do have the perfect guest, someone who has written a fascinating new book all about the Chinese internet. We're going to be speaking with Yiling Liu. She is the author of the new book, The Wall Dancers. Thank you so much for coming on, Odd Lots. Thanks so much for having me. What is this book and why is it called The Wall Dancers? Yeah, so the wall dancers, the phrase comes from this term in Chinese, which is called dancing and shackles. And it was first used in the early 2000s by journalists to describe what it means to like write and report under state constraints, but slowly became viral as a term that was used by I've seen like software engineers use it, musicians use it, science fiction writers use it.
6:38And it really resonated with me, this idea of the dance, because it captured this idea that to live and navigate Chinese society is a dance. It's this dynamic push and pull between state and society. It means living in this place that's on one hand rich with innovation and yet on the other hand rigidly constrained. And I came to see that this dance was most dynamic on the Internet. What we know is the space behind the Great Firewall. And the people that I thought were really good and adept at navigating this terrain, I came to know them and call them dancers. So this was the really interesting thing about your book and the reason we wanted to talk to you.
7:24You tell this story of the Chinese Internet through the perspective of individuals rather than, say, the Internet platforms that have come to dominate the space or even from a sort of state centric point of view. What do you get out of interviewing or following individuals versus taking that other approach, which, you know, there are plenty of books out there about the rise of Weibo and stuff like that? I think the main reason behind this choice was if you look at Western news headlines or headlines in general about China and Chinese technology, it almost always falls under one of two binaries.
8:02It's reduced to very simple terms. One is China, the kind of sprawling economic juggernaut that's building humanoids and high speed rail and its place of boundless opportunity. And then you have the like techno authoritarian oppressive regime where mindless people have no agency of their own. And I think the big issue here is that the Chinese Internet is always framed through and seen through the lens of American national security and economic interests. And I wanted to force people out of these tropes and the way to see kind of China and the Chinese Internet and all its complexity and contradictions is through people and through individual lives.
8:44You start the book by telling the story of a gay man who is able through the Internet to build community, find people eventually at a time when, of course, there was extreme repression. Homosexuality was, I think, illegal at the time. You know, again, this seems both in China and the U.S., what probably a lot of people were very hopeful for with the Internet, this idea that, oh, people are going to be able to find community, like-minded individuals, find acceptance in these digital spaces. And I suppose in many cases since this happened. But it is interesting how in both the global context and the Chinese-specific context, there were similar stories being told.
9:26There were similar hopes. Definitely. I think of the story of the internet in China, at least, as a romance. But I'm realizing, as you discussed earlier, the story of the global internet was also a romance. The story of the World Wide Web was also a romance. I certainly bought into the narrative that you bought into. I thought we were on this teleological arc towards liberalization. And I think a lot of people bought into that narrative, this idea that the Chinese internet, despite the fact that the firewall existed very early, was going to push people towards greater openness, greater freedom, greater connection, and it would just keep going on from there and there.
10:04So talk to us about what is and isn't allowed on the Chinese internet then, because as you say, it's more nuanced than just like outright censorship in many ways. Although sometimes it is just outright censorship and you can't say a specific word like Tiananmen or something like that. And I remember actually, now that I'm thinking about it, in the early 2000s, when I was in Beijing, like the censorship was very obvious, like certain sites were just outright blocked. On TV, you'd be watching CNN and suddenly it would go black during a news story, or you get newspapers delivered to you that had literally physical like sentences crossed out with a black marker.
10:45But what is and isn't allowed? I will start off by saying that if I could answer that question really accurately, I would be a very rich woman right now. I think the reason being like the censorship ecosystem thrives off vagueness, right? The fact that it's vague, the fact that there are no red lines is what allows it to function so effectively. I will say that it's changed quite dramatically over the last few decades, especially since you were last there, Tracy. So, you know, back in the day, I would say the lines were much clearer. A lot of people would say things like, no Tiananmen, no Tibet, no Taiwan.
11:21They would call them the three Ts. So censorship back then was very much allowed about a dissent against the government, criticism of the government, but most importantly, anything that would provoke collective action. So if there was news of a protest or news of people gathering or any type of unease that might boil into something bigger and bring people together into a physical town square, that got censored. But over the years, I would say particularly in the mid 2010s, that's come to encompass also anything that veers from the party's ideological agenda. So this is where you have statements coming out saying we don't want unhealthy marital values appearing on the Internet.
12:03Like we don't want, I think recently in 2021, sissy boys got added to things that got needed to be taken down the Internet. No sissies allowed. I'm imagining like a hand drawn sign on a treehouse or something. Yeah. And, you know, like everything that comes, you know, everything that's part of its ideological agenda is now scrubbed off. And another thing that I add on there is like the excessive flaunting of wealth. You know, that's something that's new. That used to be all over the Internet back in the day. We need that here. It's driving people crazy because they look on Instagram. And I remember being, you know, during COVID and I was like in my house and seeing like all these people like flying around.
12:41I got very resentful. What about criticism of the government, but not from an ideological perspective per se? Because sometimes you read a story like someone will have gotten hit by a train or a car and maybe the police like didn't do an investigation. You see this big uproar. Talk to us about what's allowed and how they how the managers of the firewall are managers of the rules, not the firewall per se. Think about these incidents like just, yeah, criticism of government handling of things. Again, like I can't say with, you know, definitively what's taken down and what's not taken down. I would veer on saying that whenever there's any criticism of any kind of local official local government that's technically looked on with great caution and taken down.
13:28But how it actually works behind the scenes is that some higher level top regulators say that the Chinese cyberspace administration, the CIC, will write a directive. So maybe there's local corruption in some county and news starts spilling out. And whoever is part of that regulatory committee will be writing a directive that says, hey, downplay this. Let's not have this appear on Weibo. That will then get passed on to Weibo censors who then start scrubbing that off their news feed. Or it happens the other way where Weibo's censors aren't even receiving that directive. But kind of proactively, like a student who is really nervous about upsetting their teacher in advance will just go and scrub that off even before receiving that directive.
14:19Oh, interesting. So self-censorship, basically. Yes. So how labor intensive is the censorship process nowadays? Because, you know, I imagine, as you said, directives get made and someone has to enact them. But on the other hand, so much of the Internet nowadays is ruled by algos and most recently AI. You could just, you know, design an algorithm that always downplays political scandal or something like that. I would say hugely labor intensive. armies of wumao that's what they're called right yeah so that specifically refers to the 50 cent army wumao but that specifically refers to not necessarily state-sponsored actors or not necessarily state-paid right individuals but people who are kind of pumping patriotic content hobbyist nationalists exactly exactly so you know there's actually not too much of a difference between the wumao and maybe some of the patriotic trolls and insults that you see on x today right To what extent are some of the people who are posting pro-Trump propaganda on Twitter essentially the same as Wu Mao?
15:27There's this dynamic called flooding, which refers to when incels or a particular group of online individuals are pumping just content onto a news feed to try to get rid of news that they don't want people to look at. And that takes place in China all the time. But I think that's different from actual employees who work at places like Weibo or Douyin, who are just spending every single day deleting stuff off the web. And, you know, when I interviewed actually for the book, a censor for Weibo, and he started working there in 2011. I think he was one of 150 employees. This was right when Weibo was founded.
16:11And he said, you know, by 2020, he had left already. There were probably like 10 ,000. Wow. Yeah.
16:32UKG. Their HR, pay, and workforce management tools help business leaders empower their people. Because when work works, everything works. Learn more at ukg.com slash work. Hey there, OddLots listeners. As we come into 2026, we are realizing that one thing we're constantly thinking about on the show is how companies actually get built. Not just like the headline version of that story, but the messy operational reality of it. Right. We love messy operational reality of things. The never-ending quest to dive deeper, how companies make it big, what causes one company to succeed, why others fail. Well, I have good news.
17:15That is exactly what the Acquired podcast does. Ben Gilbert and David Rosenthal pick a company and then explore all the ins and outs of its trajectory. Lots of detail there, how it scaled, the ups and downs, and so much more. Yeah. And we actually, we had them on Odd Lots back in February last year. We talked to them about everything from TSMC, NVIDIA, Mars, Hermes, scale, capital structure, the importance of incentives, all of the different, I guess, ingredients that go into some of the success of these names that we talk about every day. Also, their show actually turned 10 years old in 2025, just like us.
17:52So we're, I guess, the same age in podcast years. Big year. Anyway, if you like OddLodge, the way we get into various market dynamics, how the economy actually works under the hood, you'll obviously appreciate and enjoy the Acquired podcast. They do similar work, similar ideas, all focused on the context of individual companies. So go check out the Acquired podcast. You can find them wherever you get your podcasts.
18:20I mean, this is sort of what I was struck by reading your book, which is that, you know, you talk about these people who are, maybe they're bought, maybe they're paid, maybe they're just naturally impelled to join a mob and want to flood something. But some of these patterns do not seem distinct to China. It's almost like they're endemic to the internet itself, regardless of what the official rules are. Absolutely, right? We have no sense of whether or not these are kind of homegrown, grassroots patriotic flames that are just amplified. And you know, when I say that, doesn't that sound very similar to what's taking place on the American internet?
19:02I forget the name of that one American Twitter influencer who's kind of been talked about as Trump's right-hand woman. Do you know who I'm talking about? Laura Loomer? Yes, Laura Loomer. Isn't there like - I was going to say, you have to be more specific because there's quite a few nowadays. But yeah, Laura Lumere, you know, when we read news articles on her, it's, is she being paid out? Is she not being paid out? And, you know, that very much reminds me of the dynamic with a lot of Chinese patriotic influencers. Like they very much earnestly hold the views that they're sharing. But is there a cut being taken by amplifying those views and supporting those views?
19:39Since we've mentioned Weibo a couple of times now, and, you know, you just gave us that anecdote about the number of sensors they had, and they have experienced phenomenal growth. One thing I never understood about Weibo is the kind of origins story, because my understanding is they were basically born out of censorship. So there was unrest in Arumchi, I think it was. And so a bunch of existing internet platforms either got repressed or taken down completely. And then the founder of Weibo was like, I know this is an opportunity for me to get in and start my own platform. I never understood that mindset.
20:19What was it that he thought he could do that other platforms had failed to do? Yeah, so Weibo actually means little blog or microblog. And Weibo is shorthand for SinoWeibo, which is the full company's name. But before 2009, honestly, before 2011, there were many, many Weiboas. There were dozens of companies that were all trying to be micro-blogging platforms. So there was a platform called Fanfu. There was a whole bunch. There was a platform called Renren, which was not really a micro-blogging platform. It's kind of like a Chinese Facebook, so to say, back in the day. People people, right? Exactly.
20:55Exactly. And the founder of SinoWeibo actually founded what is now known as Weibo in 2009. And he did essentially the same thing as all these other companies. He just did a better job of censoring. That's really what happened. As you mentioned during the protests in Urumqi in 2009, he just did a much better job of scrubbing information off the Weibo feed in the time and didn't get shut down or all of these other companies got shut down. It's interesting hearing you describe, we did an episode, actually it was last March with Kaiser Quo of the Seneca podcast. We were talking a little bit about how Chinese policymaking works and this idea of this sort of decentralized, centralized like KPIs, right?
21:39So Beijing, this was in the industrial policy context. Beijing says, we want more solar production or more electric vehicle production. And then all the provincial leaders figure out what that means in the context of their region and then work quasi-autonomously to satisfy that. It sounds similar to some extent with the rules around censorship, especially when you describe some of that preemptive self-censorship of everyone trying to figure out the right level or approach that is consistent with the broader level mandate. Yeah, no, that's a really good point and definitely a parallel that I would draw.
22:12You know, for example, if they were to release industrial policy, a tech company CEO will then like read that policy very carefully and be like, OK, how can we align our company's direction with the rhetoric of this policy directive? The same goes with censorship. You know, so one of the subjects that I profile is the CEO or was the CEO of this dating app, Blued. And so if they release a censorship directive saying we don't want sissy boys on our platform, he's going to go and look very carefully at the platform and see how are we going to make sure there are no sissy boys on our app. Right. And so there is definitely this sense of I don't know if you have read Harry Potter.
22:56I never did. I did. Did you not? I never did. I never did, but Tracy will get it in 99 % of our listeners will get it, so feel free to use the analogy. It will go over my head. This analogy really hit it home for me, but you remember Dolores Umbridge? Yeah. Oh, she was creepy. Yeah, you remember how she would post these degrees, and she would just post them on the wall, and then they would be kind of vague, and then students would freak out and scramble, and people like Malfoy would aggressively. over and interpret. I think that's the dynamic. I think this is an underappreciated point sometimes, but the vagueness in the decrees is done on purpose, right?
23:38It's so that you're never really sure what is and isn't allowed. And so you do start self-censoring. And also, if the government wants to go after you, they can do it because the rule is purposefully vague. Yeah. And it also means that like each of these companies have these huge keyword databases of censored words. And those are extremely valuable. They're like proprietary assets where, you know, that is how they keep their company alive, essentially. Right. If you have a better keyword database than the company down the road, you're going to have a better chance of surviving. So just on the keywords, this is one of the most fascinating things about the Chinese internet.
24:21And I think a lot of people know about it at this point. But, you know, internet users are very creative in bypassing the sensors. So they're always coming up with codes, some of which sound very funny if you don't know the context. Like, isn't there one horse mud, horse mud or mud grass horse or something fighting a crab? Exactly. Winnie the Pooh. Yeah, there we go. Winnie the Pooh would be the obvious one. This is sort of tangential, but do you think that, I guess, do you think that kind of creativity or like code wording, do you think that's related to the Chinese language itself and the fact that a lot of the words are very literal and also you have a lot of homonyms?
25:03Definitely. Like a huge part of it is like each character can have multiple meanings. So for example, the most famous one that you mentioned that emerged as early as the early 2000s was this idea of the grass mud horse, right? And so grass mud horse in Chinese is 草你妈. And just depending on the tones, you shift the tones, it becomes 草你妈, which means basically, your mom. And so, you know, it became this like rally, because ironic rallying cry, pushing back against, you know, authorities who are being, who are stepping their bounds. But it's funny and punny at the same time. I do think even like on Twitter, you see certain communities, particularly more extremist ones, like you see their esoteric communications and you see their code words.
25:51But it does seem like, especially with the prevalence of very subtle homonyms, et cetera, the creativity for esoteric expression probably gets taken to a whole new level. Definitely, definitely. Though an interesting dynamic that I'm now seeing is that a lot of the terms that are being used on the Chinese internet are actually, you know, echoing a lot of the sentiment that, of the terms that are being used on the American internet. So one term that I've noticed come up, it's not hugely viral in either place yet, is this idea of the NPC. Oh, yeah. Or the non-player character. And I didn't realize this was like resonating on both sides.
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26:27Oh, yeah, yeah. That's interesting. Do you know that one, the big chess party, or are you familiar with that term? or the 3D chess party or something like that? I'm not sure. There's one I like that I saw that I started using, which is people who are so defensive of the leadership that everything they say, it's like, no, no, you don't get it. They're playing 5D chess. And so I think the term was a big chess party or something like that. I think we need to start incorporating that more. That's a good one. Yeah, it's a fun one. But actually on this note, how difficult is it to keep track of all the different code words or to learn the new code words because, you know, on the one hand, if you're saying Winnie the Pooh instead of Xi Jinping or something like that, it allows you to perhaps bypass censorship.
27:15But on the other hand, if you're talking in code constantly, I imagine it means some people like just aren't getting the message. It's not resonating with a certain sector of society. So how difficult is it and what are the pros and cons of having to keep up with all these keywords constantly? Absolutely. I mean, it's hugely difficult. It just means that these words become more and more obscure. You know, I'm someone who has made a career out of studying the Chinese Internet and I'll often read social media posts and have no idea what's going on. And their entire teams, there's actually this excellent team called China Digital Times, a nonprofit organization that literally studies this.
27:54Exactly, exactly. And I have to consult that because sometimes I'm reading stuff and I have no idea what it's referring to. I want to get into more of this sort of like, especially like how an American or internationally, we might learn more generally about what's going on the Chinese internet. But before we get to that, I want to ask, there is this trope or this thing that gets repeated a lot. And you heard it a lot in the TikTok debates, and it smacks of a certain racism or exoticism or Orientalism, etc. etc., where people say, oh, on American TikTok, they're all like it's all a bunch of garbage and rage bait and slop.
28:31But on the equivalent in China, it's they're learning mathematics and learning how to play violin and all these sort of stereotypical things. Can you talk to us just a little bit about like how similar or dissimilar do these platforms feel from a sort of day to day content standpoint, setting aside sensitivities about politics? Yeah. Yeah. I mean, I'm like kind of torn about that statement because on one hand, it kind of like glorifies. I mean, depending on who you're looking, who's saying those statements, right? You're either glorifying and kind of like projecting a lot onto the Chinese Internet.
29:05It really reveals more about, I would say, like American conservative anxiety about what's appearing on their own Internet and projections. Because the Chinese Internet is full of like crazy slop, too. But this is what I'm like. My assumption is that the gap is like massively overstated. But I've never, you know, exactly whatever the Chinese version of the original TikTok is. So I just have no sense like how real these stereotypes are. Exactly. Like when a young student, you know, in China is just like scrolling through Douyin, they're not just getting wonderful math content. It's going to like help them excel at school.
29:40But what I will say is that definitely within the Chinese censorship context, there is this emphasis on what the party likes to call positive energy. So it is definitely much more sanitized than American social media platforms. Like you are not going to see, quote unquote, unhealthy marital values or like that is taken down. Right. And so while on one hand, I don't want to say like they're completely different. They definitely are different in terms of, you know, what appears there and what doesn't. Since you mentioned students, have we seen any efforts by the party to, I guess, crack down on internet use in general?
30:18And I'm thinking back to, you know, the video game crackdown where there was, you know, a sense or a directive that kids were spending too much time playing video games and they should be learning important and useful things. Do you see a similar attitude towards the internet just out of curiosity? Not as much, but I would say the video game piece is the one that comes to mind when you bring it up. I think the issue being the internet is just such a vital part of daily operation and just getting around. Like you can't really tell a young person to get off WeChat if that's both how he communicates with his mom and his teacher, you know, and to buy basic goods.
31:00But you can say, well, let's get rid of video games for X amount of hours every weekday because that's clearly a net bad.
31:25Hey there, OddLots listeners. As we come into 2026, we are realizing that one thing we're constantly thinking about on the show is how companies actually get built. Not just like the headline version of that story, but the messy operational reality of it. Right. We love messy operational reality of things. The never-ending quest to dive deeper, how companies make it big, what causes one company to succeed, why others fail. Well, I have good news. That is exactly what the Acquired podcast does. Ben Gilbert and David Rosenthal pick a company and then explore all the ins and outs of its trajectory.
32:06Lots of detail there, how it scaled, the ups and downs, and so much more. Yeah, and we actually had them on Odd Lots back in February last year. We talked to them about everything from TSMC, NVIDIA, Mars, Hermes, scale, capital structure, the importance of incentives, all of the different, I guess, ingredients that go into some of the success of these names that we talk about every day. Also, their show actually turned 10 years old in 2025, just like us. So we're, I guess, the same age in podcast years. Big year. Anyway, if you like OddLodge, the way we get into various market dynamics, how the economy actually works under the hood, you'll obviously appreciate and enjoy the Acquired podcast.
32:46They do similar work, similar ideas, all focused on the context of individual companies. So go check out the Acquired podcast. You can find them wherever you get your podcasts.
33:01If I spoke Chinese, could I open up a Weibo account from here? Would it be easy to just start joining and posting with everyone? Yeah, yeah, definitely. Talk to us about, I should do that. That's a good reason to learn Chinese, which is one of my 2026 goals is to start taking lessons. So we'll see how that. Good luck, good luck. Thank you, thank you. Talk to us about that five-minute period in history in which TikTok was banned in the United States and suddenly there was a flood of American users to that other red note or something like that. I forget what it was called. Well, talk to us about that experience and whether anything interesting emerged from that.
33:39There was 10 days where that happened or whatever. Yeah, it was an incredible moment. I remember it very clearly. But essentially, there was news, impending news that TikTok would get banned in the U.S. and all these TikTok users. It was banned for like a day. Yes, it was banned for a day. It was one day. It wasn't accessible, yeah. But in the lead up to that, TikTok users were freaking out. And they essentially, I think millions of American TikTok users started to flood Red Note, or as it's known in China, Xiaohongshu, which is, you know, people call it China's Instagram, but that's not quite the right equivalent.
34:09It's almost this Instagram meets Pinterest meets Yelp type social media platform mostly used by young urban women. It has a slightly more liberal bent to like catch up on lifestyle news. Now it's all kinds of news. But I was both on one hand struck by the irony of the situation, you know, that the American Internet had somehow become so closed and siloed and controlled that the way to escape it was to then jump to arguably the most repressive. It was sort of like a reverse Berlin Wall moment in which the West Germans were the ones flooding into the other side after this, I don't know, something like that.
34:54It was very, yeah. Exactly. It is irony. Exactly. Ironically, isn't it? Right? We were the ones that had the restriction placed on us in America. And so then suddenly we find a new hole in the wall to spill over onto the other side. Exactly. Which is why they were, you know, like I think American users were looking for their Chinese spies kind of ironically. And Chinese users were teaching them how to get around Red Note sensors. But I think like key to that was just like I felt a lot of delight from that moment because it was the first time there was this like really sincere and earnest exchange between users on both sides of the Internet.
35:30And I hadn't felt that and seen that in years, if not decades. So one of the debates that's constantly ongoing when it comes to TikTok is what the algorithm is doing and what content it's actually surfacing. What are the like parallels with, I guess, censorship in China or where do you see key differences in terms of what the algo can do to influence the general population? So you mean like between the algorithm in China and the algorithm in the U.S.? I would say that, you know, the algorithm, it's always really hard to say to what extent the algorithm is playing a role in censorship of the content.
36:12Right. And I think that's one of the big issues or that the big criticisms that's playing out right now with this TikTok sale, even though the vast majority of the ownership is American, the algorithm is still owned by ByteDance. So to what extent does ByteDance still have influence over what American users are seeing? That's up to question. I think the difference is in China, there's just a lot more tools externally to kind of control what happens after that. It doesn't matter how the algorithm is dictating what appears on the feeds. You know, there are still content moderators who can come in and deal with the content that is posted online after, you know, it's already posted.
36:53Joe, I feel like I need to make a public service announcement. Actually, a public service announcement recognizing someone for their public service, which is Sam Rowe, who does the dirty work of trawling through TikTok on a daily basis and then cross posting the good videos onto Instagram for everyone who doesn't actually have TikTok like me. People should follow him. Genuinely a public service. Yes. Genuinely. I want to go back to this sort of kind of where we started at the beginning, but I think it's a question of some pretty significant stakes. You know, so you talk about the rise of this sort of like very nationalistic impulse that you see on the Chinese internet these days, which again, very similar to here.
37:36And I would say, and many people would agree that if you look at the US government right now, you're like the pathologies, the dysfunctions, et cetera, it's like almost downstream. The internet has shaped the US government in many respects. Max Reed, who we've had on the podcast, who has a really good newsletter, talked about how it's like the comment section is one. And all of the people who are in power in the US government are the people who like 10 years ago were angry about having been banned from the comment section. And now they have the last laugh on everyone else because now they hold the levers of power.
38:11Talk to us about the emergence of the sort of strong nationalistic undercurrent on the Chinese internet. When did that like start to emerge and how does that sort of like reinforce the political direction of travel within Chinese politics? Yeah, I would say similar to what has happened in the US, that patriotic undertone has always been there as early as like the pre-internet period of like the 80s and 90s of people who, you know, perhaps were speaking of a patriotic China in a more liberal sense. They wanted strongman rule. They didn't want, you know, a lot of the leftists in China, as we think about them in China and not in the U.S., wanted, you know, China not to be kind of swept up by liberal influence and needed a strong state to be in charge of the economy.
39:00But I would say, similar to the U.S., that nationalist voice was very fringe. It was niche. It was kind of seen as radical. So, you know, as early as 2008, for example, there were, as you mentioned, like the 50 Cent Army, but also what was known as like angry youths or fencing. So 2008 was like a hugely pivotal moment for China in that the country was stepping onto the world on the global stage as this international presence and it wanted to present itself as super liberal. But at the time, there were these like very angry youth who were online and being like, look at how China is being presented by CNN.
39:42We're being kind of smeared by Westerners, but they were small. I would say today the Chinese internet is largely fencing. They're no longer called that. But, you know, I would say in 2016, there's an emergence of what we now call Little Pinks or Xiao Fen Hong. And it's like you merged the Fencing or you merged the Patriot with Stan or the online fan. Oh, cool. Where, you know, like what they - A softer nationalism. Exactly. Or not even softer, but they use the tactics of online fandom. So, you know, like they use the same tactics of like a group of Justin Bieber fans would do to take down Justin Bieber's nemesis where except they're doing that with maybe like Tai Ing-wen, who was the leader of Taiwan.
40:33And so I would say there's this like fusion of online Internet celebrity culture with online patriotism. And, you know, it's not so much different from like the Reddit insults. Yeah, it feels very similar. I just want to just to go down this road a little bit further. Last year, I read Kevin Rudd's book about Xi Jinping. And one of the points that he makes, you know, a lot of people think of, OK, Xi gets into power and then sort of takes this nationalist turn. And he makes the point that actually the sort of more nationalist turn in Chinese politics, some of the anti-liberal started under the late Hu Jintao years, which makes me again wonder whether there was this brewing force partly cultivated by the Internet that was started, you know, that rather than, OK, Xi Jinping comes in and presses the button and turns the Internet in a more nationalist direction, that this was already an emerging thing and helps explain Xi Jinping's durability.
41:31and ability to consolidate power and so forth, that it's a bottom-up phenomenon as much as it is a top-down thing. Absolutely. And this is why I keep coming back to 2008 as this huge turning point. And Kaiser, who is one of your guests, has made this point a few times, which is, you know, in 2008, I think the big thing that happened at the time was A, the Beijing Olympics, and B, the financial crisis. So at this moment when, you know, Chinese people were standing up and for the first time, a lot of like the great firewalls was getting taken down. So a lot of Chinese Internet users in Beijing could see the news for the first time.
42:10They were seeing two things. They were seeing CNN, you know, posting news about the Tibet protests and not covering the Olympics. And they're also seeing eventually news of the financial crisis. So there was a sense of like, well, you know, we expected to engage with the outside world and instead the West is criticizing China and can't get its own ship in order. And so there is a sense both among kind of ordinary people of this growing patriotism, but also the leadership itself, because they were thinking, well, maybe liberalization is not the way to go, right? Maybe like liberalization leads to unruly financial markets and we need to steer the ship in a different direction.
42:55And so we see both kind of a nationalistic turn, but also in a liberal turn. And that very much precedes Xi Jinping's rise to power. I think people forget what a huge moment the 2008 Olympics actually were, like actually physically changed Beijing and then also changed a lot of Chinese society. But I'm still I'm still annoyed that they got rid of all the fake DVD stores because those were fun. Anyway, we have to get in an AI question. So with the advent of AI, a lot of the technology which is coming out of China is very impressive. Does censorship become easier? I would say yes. I mean, AI has always been or it has been long used in Chinese censorship capacity, not just with the advent of generative AI.
43:46So, you know, the sensor that I interviewed, he said that, you know, before he even goes in and looks at what's being taken down a, you know, automated process first flags all of the sensitive words. I imagine that just makes that process significantly easier. Is there any way to gauge sort of public opinion about the Internet or like because I think there are a lot of people in the U.S. again who would say like, yes, this would be great. I would love to make rage bait illegal. I would love it if people weren't flaunting their wealth. I would love it if there were not pornography easily available on the Internet, etc.
44:24I think a lot of people hear this and it's like, yeah, sounds pretty good. Is there discontent with the state of moderation? Is there discontent with some of the restrictions? Is there no like, is there a way to like gauge some of these questions? There's certainly discontent, but I think it's just very hard to gauge public opinion in China in general. I would say broadly speaking, there is like embrace of technological change and embrace of technological progress that's more elevated in China than in the U.S. But, you know, there are people who are unhappy with the censorship regime and people who like having those controls.
44:59I will say at the heart of that kind of debate or that envy is just like, what are the governance mechanisms that we can put in place at this moment with AI? I think everyone's freaking out about this uncontrollable new technology, and China at the very least seems to have a governance mechanism in place. So, for example, there is a algorithm registry where essentially every single company that has an AI tool needs to submit their algorithm to authorities, and that is then listed in a public registry. And no equivalent of that exists in the U.S. And that's actually, I think, you know, that's actually a pretty interesting form of governance and maybe something that other countries can learn from.
45:45Yeah. I mean, people have criticized algos here for being essentially black boxes. Yeah. Just coming, I guess, full circle back to our intro. The surprising thing here is, you know, the U.S. and the Chinese Internet have followed a very similar evolution despite very different governance regimes. So I think to some extent you could imagine, all right, Chinese Internet heavily censored. Obviously, there's going to be a surge of nationalism, right? Whereas in the U.S., I guess maybe it's more surprising. But what's your overarching thesis for why we sort of ended up in the same place despite having very different systems?
46:30Yeah, I mean, that's a good question. I would say first, we were pretty naive about the fact that technology even moves in the direction of freedom, right? That's kind of like based on the assumption. That's just the direction that we're going to go in. I would say probably my overarching thesis is that we've allowed too much of technology to be centralized within the hands of a few people. And it doesn't matter, you know, the U.S. and American systems, people often talk about the differences, but actually they're remarkably similar. It doesn't matter if it is government that has centralized the power of technology in its hands or, as you mentioned, like a handful of tech oligarchs, right?
47:13At the end of the day, how different is Elon Musk's control over X or Twitter different from, you know, the Chinese government's control of Weibo? The whims of one man essentially dictates the way a platform plays out. And I think that's the key problem is that we've taken this like decentralized technology and made it highly centralized. And it doesn't matter under what political system that actually takes place. One thing that I think anyone who, again, the word that always pops into my head is sort of the tribalizing effect of the internet. People start to hate each other. They start to hate people who aren't exactly like them.
47:54Are there cleavages within Chinese society that are deepening or widening because of everyone in the mix together? Are there sort of demographic aspects or whatever in which you can see these sort of team tensions build and sort of domestic stability? Because I think you see that all the time on the American Internet. I think the biggest cleavage that I've observed is just along the lines of wealth and inequality. And that's like another parallel that I'm seeing today. And the biggest parallel that I see is between those who are building the new technologies and those who are using and being used by it.
48:35So, you know, funnily enough, when I visit China, I have a very similar experience of when I visit Silicon Valley, where everyone who is talking about or building or investing in these new AI tools are really hyped. Or, you know, like there's like an occasional doomer in the mix, but they're very excited about it. Even they're still working to build it. Exactly. Like there's a sense of agency. There's a sense of competition. Like we are the builders and makers of the future. Whereas when you talk to just anyone who is just using the technology is not aware of how it's built or involved in that process.
49:10There's this kind of deep sense of pessimism or a lack of agency. You know, which brings me back to this like NPC meme. There's a sense of, well, I don't actually have a role in this process. Like I'm a non-player character. and, you know, I have no say. And so that actually is the biggest cleavage that I'm seeing, both in China and in the U.S. All right, Yu Ling Liu, author of The Wall Dancers. Congratulations. Phenomenal book, and I really appreciate you coming on Outlaws. Thanks so much for having me.
49:52Tracy, I really enjoyed that conversation a lot. And it really was not until... I know you like talking about the internet. Yeah, I love talking about the internet. I love the internet, even though it is, to your words, and I would agree, in many respects, a cesspool. But thinking about how similar the American and Chinese internets are, despite ostensibly being very different in the legal sense, is like probably one of the more fascinating threads I've thought about in a while, I think. Yeah, I was thinking during that conversation, I was going to ask what's scarier, an army of little pinks coming after you or an army of K-pop fans.
50:28And it's sort of a facetious question. But on the other hand, it highlights this point, right, which is the Internet and the way people behave on the Internet has been remarkably similar across geographies. It doesn't really matter like what group you're in. No, I think that's 100 % correct. And, you know, again, the K-pop stands as their own tribe, but probably one of the less harmful ones, right? Like probably like. They are vicious when they want to be, Joe. I never. Right. I actually I think I tweeted about K-pop once and I was like, I'm going to mute. Never again. I'm muting this thread right away.
51:04But this is what we do. Right. I mean, it feels like we as people naturally are drawn to this sort of, I would say, mob behavior. Right. when presented with these new technologies in which we can connect with like-minded people, whether they share a taste for music or whether they share sort of national impulses or whatever else. This is what most people, a lot of people fall into maybe. And so I think it's like really interesting that for all, yeah, for all this like talk of different rules and so forth, that the patterns just sort of propagate everywhere. The other thing that struck me, And this has come up before in other episodes, but it's the sort of, you know, people think about China as this big centralized entity.
51:49And it is to some extent. But the way that centralized entity actually executes policy ends up being very decentralized. Yeah. Right. And I think that's kind of underappreciated how much scope individual censors or individual local governments have to enact specific directives and how they go about doing it. It's interesting that Weibo's competitive edge was essentially being the best at censorship, right? And that was the one that survived and sort of anticipating and so forth. And it's a little sad. I liked the decentralized internet. That was fun going to different people's websites and seeing what they're all about.
52:29And you could theoretically still do it. But it takes effort in a way that doesn't feel worth it when you can just have an algorithm deliver straight what your sort of id appeals to you, like directly in the moment. It was a great time. Late 1990s were the peak of humanity. Unironically, unironically that. Are you really going to learn Chinese? So, yeah, one of my New Year's resolutions is to take Mandarin classes this year, and I will do that. I really liked learning Mandarin back way back in the day when I did it because there's very little grammar and I hate grammar. I had to learn German and German grammar is the worst.
53:07And also, as you learn words, one thing I really like about it is it's very literal. So a lot of words have meanings that sort of reflect the thing being talked about. So, for instance, if you're talking about America, so America is Meguo, which means beautiful country. So that sort of like meaning is imbibed into these individual words. Or Austria, because that's my other half, is Aureli, which means Eastern Empire. Which, you know, again, very descriptive of what you're talking about. Well, the German is Österreich, right? Yeah. Yeah. It's a literal translation. Yeah. That's interesting. You know, both of us have pretty big followings on social media, particularly Twitter.
53:56Wouldn't it be fun as a personal challenge to like, let's start from zero again on Weibo and see if we could do it all over again. It's like, we weren't just lucky. We were really good. Let's start from zero and make names for ourselves on the Chinese internet. I think your definition of fun maybe differs from mine, Joe. It's like I need to prove to myself that it wasn't just luck. So I need to start from zero and try again. Oh, man. Do it in Mandarin. That's what I'm saying. Do a real challenge. Do it on hard mode this time. Yeah, where I have to do it in a different language. All right. Shall we leave it there?
54:26Let's leave it there. This has been another episode of the Odd Thoughts Podcast. I'm Tracy Alloway. You can follow me at Tracy Alloway. And I'm Jill Weisenthal. You can follow me at The Stalwart. Follow Yiling Liu. She's at YilingLiu95. And definitely check out her new book, The Wall Dancer, Searching for Freedom and Connection on the Chinese Internet. Follow our producers, Carmen Rodriguez at Carmen Armand, Dashiell Bennett at Dashbot, and Kale Brooks at Kale Brooks. And for more OddLots content, go to Bloomberg.com slash OddLots. We have a daily newsletter and all of our episodes. And you can chat about all these topics 24-7 in our Discord, discord.gg slash OddLots.
55:03And if you enjoy Odd Lots, if you like it when we talk about the internet, then please leave us a positive review on your favorite podcast platform. And remember, if you are a Bloomberg subscriber, you can listen to all of our episodes absolutely ad-free. All you need to do is find the Bloomberg channel on Apple Podcasts and follow the instructions there. Thanks for listening.
55:54I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast. Every week, we bring you fascinating conversations with the people who shape markets, investing, and business. CEOs, fund managers, billionaires, Nobel laureates, traders, analysts, economists, everybody that affects what's going on in the market. Whether you own stocks, bonds, real estate, commodities, crypto, you really need to hear these conversations. Sometimes it's behaviorists like Dick Thaler or Bob Schiller. Sometimes it's fund managers like Peter Lynch, Bill Miller, Ray Dalio. Sometimes it's authors, Michael Lewis, author of The Big Short and Moneyball.
56:39Regardless of the conversation, these are the folks that move markets each week. That's the Masters in Business podcast with me, Barry Ritholtz. Listen on Apple, Spotify or wherever you get your podcasts.
From the publisher
In the 90s, there was a lot of talk about how the Internet would be a liberalizing force in the world. Bill Clinton famously predicted that it would be impossible for China to lock down the Internet, and that this would have profound effects on domestic politics. Of course that didn't come true -- China has done a remarkable job of controlling what gets behind the firewall. But then furthermore, the Internet hasn't had the liberalizing effects in the US either. On this episode of the podcast, we speak to Yi-Ling Liu, the author of the fascinating new book The Wall Dancers: Searching for Freedom and Connection on the Chinese Internet. The book traces the rise of the Chinese Internet, and how its users navigate the "dance" between freedom and censorship. She talks about the early visions for the Internet in China, and how over time it became a hotbed of nationalism. We discuss what's similar and different, and also what happens when users in both countries are given the opportunity to easily make contact withe each other on social media.
Read more: China AI Hardware Firms Trump Internet Giants in Growth Outlook
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