China’s regulatory storm may soon subside for Big Tech firms after Xi Jinping’s right-hand man calls for order, transparency

//China’s regulatory storm may soon subside for Big Tech firms after Xi Jinping’s right-hand man calls for order, transparency

China’s regulatory storm may soon subside for Big Tech firms after Xi Jinping’s right-hand man calls for order, transparency

More than a year after China’s technology industry was hit by a massive regulatory storm, which upended business expansion plans and wiped trillions of dollars off stock markets from Hong Kong to New York, fears of more crackdowns could soon subside after President Xi Jinping’s top economic aide called for order and transparency in government dealings with Big Tech firms.Regulators must adopt a “standardised, transparent and predictable” approach in overseeing the nation’s internet services…

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By | 2022-03-18T14:00:10+00:00 March 18th, 2022|Business|Comments Off on China’s regulatory storm may soon subside for Big Tech firms after Xi Jinping’s right-hand man calls for order, transparency