The People’s Bank of China released measures to prop up the country’s economy as it struggles to deal with the impact of covid-related lockdowns on consumer activity. The PBOC published 23 measures which encouraged financial institutions to support local government infrastructure projects and the country’s struggling property sector, as well as provide financial services to […]
Category: Law & Regulation
Shanghai has released a manufacturer whitelist indicating who will be allowed to resume production—as long as a strictly enforced bubble is set up—as the city starts another week of an almost month-long lockdown, reports Caixin. It comes as authorities in the sprawling coastal finance and manufacturing hub scramble to bring the number of coronavirus cases […]
China’s top broadcasting regulator has further increased its control over video game livestreaming, releasing new regulations for related platforms with the intention of tapering off teenage addiction to online gaming, reports Caixin. Online platforms that offer films and TV dramas, variety shows, livestreaming arenas or short video services are prohibited from livestreaming video games that […]
Embattled Chinese ride-hailing firm Didi Global’s shareholders are expected to vote to delist in the US at a meeting next month, a move exemplifying the continued effects of Beijing’s regulatory crackdown on the tech sector, reports the South China Morning Post. The firm, which was put under investigation days after its $4.4 billion initial public […]
It is to some extent subjective, and we might be reading some things somewhat incorrectly due to the usual lack of transparency but there does seem to be a growing number of reality gaps in the Middle Kingdom, and those that exist seem to be expanding. At the heart of China’s situation right now are […]