China’s crackdown on Big Tech is a short-term cost for long-term health: state media

//China’s crackdown on Big Tech is a short-term cost for long-term health: state media

China’s crackdown on Big Tech is a short-term cost for long-term health: state media

China’s regulatory crackdown on the country’s technology sector, which has so far wiped out around US$1.5 trillion of value from tech stocks, is a short-term cost that must be paid to ensure the healthy long-term growth of the digital economy, argued an op-ed published by the state-run Economic Daily on Friday.An apparent attempt to soothe market fears, the piece was published as investors are beginning to reconsider the risks and returns of Chinese tech stocks as share prices continue to fall…

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By | 2021-08-20T05:39:30+00:00 August 20th, 2021|Business|Comments Off on China’s crackdown on Big Tech is a short-term cost for long-term health: state media