US Export Curbs Have Reshaped China's Tech Scene Around 'Chokepoints' The latest report from Morgan Stanley highlights the profound impact of US export controls on China's tech landscape.
Chinese technology companies are concentrating investments around "chokepoints," critical bottlenecks that have become the focal point for breaking free from foreign dependencies and accelerating development.
A significant shift has occurred in the new public listings on Shanghai's Star Market, with 20% of companies going public in 2026 tackling these chokepoints. This is a substantial increase from just 8. 1% in 2022.