The Digital Source For China's Tech Innovation Since 2000

Search
Close

Xi’s tech clampdown signals end of a capitalist era With over $1 trillion in stock market losses tied to recent regulatory lurches, control is the new name of the game in China

August 4, 2021
Source: freerepublic.com freerepublic.com
News Snapshot:
asiatimes.com ^ | Sugust 3, 2021 Posted on 08/03/2021 8:24:28 AM PDT by elpadre TOKYO – China is so keen to maintain control over its sprawling and expanding economy that it’s even willing to go communist. For all the claims from Communist Party bigwigs that President Xi Jinping isn’t on an anti-wealth crusade, the losses are too jarring to dismiss as “capitalism doing its thing.” Indeed, the more than US$1 trillion of market capitalization losses tied directly to Xi’s recent policies has China bulls mutating into China bears. First, it was Jack Ma’s Ant Group getting stomped by Xi’s regulators....
Go To Original Source →
Tags: Ant Group | Beijing | China | Chinese | communist | crackdown | Didi | Economy | game | gaming | innovation | international | IT | Japan | media | News Media | online game | online payment | Propaganda | social media | stock market | technology | Tencent | Tokyo | Xi Jinping

Other Related News:

Chinese Watchdog Says Alibaba, Tencent Have Submitted App Algorithm

August 15, 2022

Tesla Makes 3 Million Vehicles, Gigafactory Shanghai Tops 1 Million

August 15, 2022

A look at livestreamed e-commerce, already popular in China, which TikTok, YouTube, Instagram, Amazon, and others… News

August 15, 2022

Taiwan Tech Weekly Buoyed by Apple Outlook

August 15, 2022

US lawmakers travel to Taiwan to discuss reducing tensions, investments in semiconductors

August 15, 2022

At least 300 TikTok employees worked for Chinese state media: report

August 15, 2022

Chinese gamers diminish following regulations, but a rebound is nigh

August 15, 2022

Analysis reveals close connection between TikTok and Chinese media

August 15, 2022

Tesla has built 3 million vehicles, a third of those in China, Elon Musk says

August 15, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....