China has announced a policy to curb the influence of high-tech companies on the government. Part of a comprehensive statement reaffirming the party’s vows to break the relationship between gold and power in various industries.
After the closing of the plenary session of the Central Commission for Discipline Inspection, which is responsible for the anti-corruption policy of the Chinese Communist Party, the governmentCommuniquéAnnounced. He said he would not let go of political and interest groups within the party, and said he would focus on corruption that underpins the chaotic expansion of capital and monopoly. The state-run Xinhua News Agency reported on the 20th.
The government’s statement to reaffirm its anti-corruption campaign will also cover state-owned enterprises and the financial sector, but even more to the country’s leading tech companies that have faced widespread regulatory tightening such as digital finance, data security, online games and listings abroad. Bad news.
Archyde.com reported this week that the Cyberspace Administration of China (CAC) will require technology companies to apply for approval before investing or raising funds. The CAC says the press is not true.
Chinese cyber authorities deny reports of restraining investment in technology companies
Original title:
China Vows to Curb Technology Firms’ Influence on Governments(excerpt)