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996

The 9am-to-9pm, six-days-a-week work culture once standard at Chinese tech firms — now officially discouraged, informally alive.

D

Double Reduction 双减 · shuāngjiǎn

The 2021 policy that effectively dismantled the private after-school tutoring industry almost overnight.

G

Going Out 出海 · chūhǎi

“Going out to sea” — the outward expansion of Chinese companies into overseas markets.

Great Firewall 防火长城 · fánghuǒ chángchéng

China’s layered system of internet filtering and control that shapes what is reachable inside the country.

S

Self-Reliance 自主可控 · zìzhǔ kěkòng

“Independent and controllable” — the state drive to build a domestic tech stack free of foreign leverage.

STAR Market 科创板 · kēchuàngbǎn

Shanghai’s Nasdaq-style board, launched in 2019 for technology and science companies.

State Advances 国进民退 · guójìn míntuì

“The state advances, the private sector retreats” — shorthand for the growing weight of the state over private firms.