lørdag 19. februar 2022

No reversal on China's tech crackdown in sight as Xi calls for more work on laws

Chinese President Xi Jinping told top leaders to speed up work on new laws for the technology sector during a speech in early December, according to the Chinese Communist Party's bimonthly journal published Wednesday. It's a sign that regulation is not going away yet, even though the speech covers little new ground and economists expect the worst of Beijing's crackdown is over.

China must "accelerate the pace of legislation in the fields of digital economy, internet finance, artificial intelligence, big data, cloud computing, etc.," Xi said, according to a CNBC translation of the Chinese text. He also called for more laws to ensure national security, and urged increased use of law for "international struggles" — including countering foreign sanctions. But most of Xi's speech, delivered on Dec. 6 to China's Central Politburo of top leaders, focused on broad theoretical points such as not blindly following Western systems.