Bloomberg New Economy
A sweeping regulatory crackdown is underway in China, now expanding to target many of the country's most successful private sector firms, from tech giants to tutoring companies. While a thriving private sector has helped power China’s rapid economic rise, Chinese President Xi Jinping now seems determined to rein in what he sees as its uncontrolled excesses. At the same time, new restrictions on overseas listings signal China’s intention to remove its tech giants from foreign scrutiny on national security grounds. Is this campaign transitory, or a game-changing shift in Xi’s economic and political strategy?
Bloomberg New Economy Editorial Director Andrew Browne discusses China's Tech Crackdown with Keyu Jin, Associate Professor of Economics at the London School of Economics & Political Science, James McGregor, Chairman, Greater China, APCO Worldwide and The Honorable Kevin Rudd AC, 26th Prime Minister of Australia; President and CEO, Asia Society; President, Asia Society Policy Institute.