Lookalike tech policies in China, Europe and the US

Nations and regions with wildly differing political systems and cultures have converged on a shared set of responses to the power of big tech firms: rein in the companies, avoid dependencies and subsidize critical networks and technologies. China, which has long been accused of protecting domestic companies, has recently been taking action against companies, limiting their ability to raise foreign capital and collect user data. The US has long discounted the value of top-down industrial policy, but under the Biden Administration, it's moving to boost the US semiconductor industry among other sectors that are seen as critical to future economic and national security. Europe, caught in the middle, has been trying to take action on the antitrust front while navigating the US-China battle over 5G and networking. The policy convergence comes as each region looks to deal with similar trends that challenge existing rules, including cryptocurrency and the gig economy.  The three regional powers are also eyeing the power of large tech companies and using antitrust regulation as one means to limit it, but both China and the US will likely want to make sure that the pressure they exert on homegrown companies doesn't inadvertently benefit the overseas competition.