Chinese Vice Premier Liu He announced this week that Beijing would stand by private enterprises. But experts say the Chinese regime is merely trying to “appease” the people and raise public confidence amid recent regulatory crackdowns on domestic businesses. On Sept. 6, Liu addressed a forum via video and stated, “Guidelines and policies for supporting the private…
Beijing Reassures Support to Private Firms in a Bid to ‘Appease’ Public Amid Crackdown: Experts
From E-commerce to Education, China’s Season of Regulatory Crackdown
SHANGHAI—China’s months-long regulatory crackdown on an array of private companies has unsettled tech upstarts as well as decades-old firms, ushering in a new, uncertain environment. Top antitrust regulator the State Administration for Market Regulation (SAMR) issued sweeping draft rules on Tuesday governing online competition as the cabinet updated rules for operators of information infrastructure that…
China Steps up Tech Scrutiny With Rules Over Unfair Competition, Critical Data
August 18, 2021
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SHANGHAI—The Chinese regime moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse of consumers’ information, and violation…
Largest Hong Kong Teachers’ Union to Disband Due to ‘Drastic’ Political Situation
August 10, 2021
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HONG KONG—Hong Kong’s largest teachers’ union said on Tuesday it would disband, days after it was criticized by Chinese state media and the city’s Education Bureau severed ties, accusing the group of helping to infiltrate schools with politics. The move is expected to deepen concerns over the suppression of opposition groups in the Asian financial…
China’s $1.1 Trillion Tech Crackdown Reveals an Existential Threat
August 7, 2021
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Commentary Six Chinese technology stocks lost $1.1 trillion worth of market value since they peaked in February, more than a 40 percent drop, according to the Wall Street Journal. U.S. institutional investors, with over $2.3 trillion in the country, are rightly concerned. Many are slowly trying to unwind their positions, without causing the market to…
NTD Business Full Broadcast (July 27)
The sell-off in Chinese stocks continues today. The Chinese regime’s treatment of private businesses like Didi seems to have spooked international investors. We ask how big is the problem for China. Just when you thought traveling is back, some U.S. flights have to make extra stops on extended flights, or cancel the flights altogether. Tesla…
Growing Crackdown Sparks Foreign Exodus From Chinese Stocks
July 27, 2021
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WASHINGTON—China has escalated its regulatory crackdown on its private sector, sending shockwaves across the global markets. The move, which wiped out more than $765 billion of value from U.S.-listed Chinese companies in the past few months, sends a stark message to dozens of domestic firms that seek to tap into U.S. capital markets. Beijing’s crackdown…
Hong Kong Pro-Democracy Group Downsizes Amid Suppression
July 11, 2021
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HONG KONG—One of Hong Kong’s most established pro-democracy civic organizations said it is letting go its paid staff and halving the size of its steering committee after Beijing stepped up its suppression on opposition activity in the semi-autonomous Chinese city. The Hong Kong Alliance in Support of Patriotic Democratic Movements of China is best known…
US Investors Ambushed By Beijing After Didi Crackdown
WASHINGTON—American investors got steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a crackdown by the Communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
US Investors Ambushed By Beijing After Didi IPO
July 6, 2021
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WASHINGTON—American investors were steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
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