Xi declared this year that while digitization is important, “we must recognize the fundamental importance of the real economy… and never deindustrialize.” Right. China, remember, has a national industrial policy. It's expressed in the national 5 year plan, which is taken seriously and used to set priorities.
What those priorities are is no secret. The current 5 year plan, the 14th, lists them.[1] Specific technology goals are in blue boxes. Semiconductors, gas turbines, biotech, new energy vehicles, robotics, advanced agricultural equipment. Internet services are mentioned in the Plan. One key line section out here: "We will strengthen the economic supervision of internet platforms in accordance with laws and regulations, clarify platform enterprise positioning and regulatory rules, improve the laws and regulations concerning the identification of monopolies, and crack down on monopolies and unfair competition. ... We will intensify anti-monopoly and anti-unfair competition law enforcement and judicial efforts and prevent the disorderly expansion of capital."
If you think this isn't to be taken seriously, go back and look at the 13th 5 year plan and check off the completed items.
[1] https://cset.georgetown.edu/wp-content/uploads/t0284_14th_Fi...