China Defends Tech Crackdown in Meeting With Wall Street Chiefs - Bloomberg

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China’s top regulators defended their market-roiling crackdown on various
industries in a
meeting with Wall Street executives, while
reassuring them the stricter rules aren’t aimed at stifling technology
companies or the private sector.
China Securities Regulatory
Commission Vice
Chairman Fang Xinghai said recent actions were to strengthen regulations for
companies with consumer-facing platforms, and improve data privacy and
national security, according to a person familiar with the talks, who asked to
not be identified because the meeting was private. Fang defended the moves
such as those aimed at the education and gaming industries as meant to reduce
social anxiety.
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September 18, 2021 at 11:12PM

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China Defends Tech Crackdown in Meeting With Wall Street Chiefs - Bloomberg

"street" - Google News

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