News Snapshot:
World / Asia Tech crackdown not aimed at stifling private sector, China says Steps intended to boost regulations and improve data privacy as well as national security, Wall Street execs told 19 September 2021 - 16:24 Sridhar Natarajan and Coco Liu Picture:REUTERS/DAVID KIRTON 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 are not aimed at stifling technology companies or the private sector. China Securities Regulatory Commission (CSRC) vice-chair Fang Xinghai said recent actions were to strengthen regulations for companies with consumer-facing platforms, and improve data...
