'Who is going to stand up and say to Xi Jinping, ‘Your policy is going to be harmful to China’? ' asks Chinese politics specialist at London institution.
BEIJING — The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology.
Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry, which flourished for two decades with little regulation. Investor jitters have knocked more than $1.3 trillion off the total market value of e-commerce platform Alibaba, games and social media operator Tencent and other tech giants.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Xi Jinping’s clampdowns herald a tense political year in ChinaSince he came to power, he has been trying hard to convey the impression that he is faithful to Marxism and Maoism. But if he is serious about social fairness, it will involve big economic and social reforms
Consulte Mais informação »
Why Marvel’s Asian-led superhero movie won’t be seen in ChinaDespite the box office success of 'Shang-Chi' and the overwhelmingly positive reaction by Asian communities worldwide, the Marvel movie isn’t playing on a single screen in mainland China.
Consulte Mais informação »
Mexico Weighs Limits to Private Investment in ElectricityMexico is weighing a bill to change the country’s constitution to boost state control of the electricity industry, a move that would jeopardize billions of dollars of investments by private power generators
Consulte Mais informação »
China Evergrande says stadium construction proceeding as plannedWork on a China Evergrande Group project in the southern city of Guangzhou to build one of the world's largest soccer stadiums is proceeding 'as normal', the company told Reuters on Monday, despite the real estate giant's cash woes.
Consulte Mais informação »
Opinion | Covid Will Soon Be Endemic, Thank GoodnessFrom WSJopinion: Widespread immunity, vaccinated and natural, will bring control and a full return to normal, writes MonicaGandhi9
Consulte Mais informação »
Angelina Jolie and The Weeknd ‘Have Formed a Close Bond’Multiple sources addressed the internet's dating rumors and the reality behind their friendship.
Consulte Mais informação »