Chinese media defends wave of industry regulation, says reforms in West ‘stuck in silence’

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

China’s regulatory crackdown is being waged to build a prosperous market economy and criticism from the United States and the West that it is taking “a backward step” are smears, state-backed tabloid Global Times said.

“Such economic governance is not new to the world, but Western media outlets have kept pinning political labels on China’s relevant practices, cursing China to fail,” the op-ed read.

China has imposed a flurry of regulations and penalties over the past year, affecting sectors ranging from gaming to education to e-commerce and rattling domestic and foreign investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines