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China’s crackdowns

A shopping centre in Beijing. Photo: AFP

My Take | Unusual draft law signals China’s resolve to protect private economy

The draft private-economy protection law contains clauses targeting ‘long-range fishing’ and other problematic practices by local officials.

China curbs ‘excessive’ law enforcement in quest to quell private sector doubts

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China throws the book: more corruption suspects hit with illicit reading claims

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Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

Alibaba is among a number of Chinese tech stocks that received a boost this week, following Beijing’s surprise market-support measures. Photo: Shutterstock

Alibaba’s antitrust review comes to close after 3 years of government scrutiny

The State Administration for Market Regulation praised Alibaba for its compliance with the antitrust authority, giving the firm full recognition.

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My Take | China’s video gaming industry needs more like Black Myth: Wukong

Wukong’s commercial and political success in China has boosted the country’s struggling video gaming industry.

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Liu Jin resigns as Bank of China’s president for ‘personal reason’

The move came as a surprise as Liu, born in 1967, has yet to reach the official retirement age of 60 years for men.

Liu Jin, President of Bank of China, during the Global Financial Leaders’ Investment Summit at the Four Seasons Hotel in Hong Kong’s Central district on 2 November 2022. Photo: Sam Tsang.

Shanghai’s shut-down liberal bookstore to be reborn as JF Books in Washington

Jifeng Bookstore hosted some 800 seminars in the five years before it closed, a tradition that will continue at the US store, owner Yu Miao says on WeChat.

Ride-hailing giant Didi sees record transactions in June quarter

Didi Global reported a 15 per cent jump in transaction value to US$13.5 billion, while orders rose 17 per cent to 3.9 billion.

Chinese cartoon campaign warns village clans against hindering Communist Party

Official social media post declares that clans form a ‘state within a state’, with potential for negative social effects.

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A cartoon circulating on official Chinese websites and social media accounts is intended as a cautionary tale against confronting the Communist Party and the government. Photo: Handout

Explainer | How phase IV of China’s Golden Tax System could be the taxman’s secret weapon

With tax evasion costing China tens of billions of yuan a year, authorities are looking to plug leaks and shore up oversight in the 30-year-old system.

The latest phase in China’s 30-year-old Golden Tax System will see a full digitalisation of invoices. Photo: Shutterstock

No bold moves: China’s wide anti-corruption net has officials afraid to innovate

China’s leadership urged to introduce new incentives for local officials who are now playing it safe in the face of anti-graft measures.

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After years of struggle against private tutoring, has China declared a truce?

Three years after a crackdown on China’s private tutoring industry, the sector has not disappeared – in fact, demand is high as ever – and recent rhetoric suggests official stances may be softening.

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China says no ‘throwing eggs’ as party officials become fans of poker-like game

Guandan, or ‘throwing eggs’ in Chinese, has fallen out of favour over concerns the game may fuel a ‘negative atmosphere’ in the workplace.

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Players compete in a guandan competition in June last year in Huaian, Jiangsu province, the birthplace of the game. Photo: NurPhoto via Getty Images

China actress Angelababy slips back into view after Crazy Horse Paris controversy

Chinese actress Angelababy is easing her way back into public life after she was banned by the mainland authorities for attending the risque Crazy Horse Paris cabaret show in France last year.

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Chinese actress Angelababy is easing back into public life after she was sidelined by the mainland authorities for attending a risque adult show in Paris last year. Photo: SCMP composite/Weibo/IG@angelababyct

China trains sights on vast finance sector with new anti-corruption body

CCDI makes announcement following third plenum goal to ‘bring all financial activities under supervision’.

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Beijing approves 105 video games in July, including new Tencent, miHoYo titles

The National Press and Publication Administration granted licences to Tencent’s Arena Breakout: Infinite and miHoYo’s Xingbu Gudi, about which little is known.

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Tencent to close online education platform as restructuring efforts continue

Shuttering the 10-year-old online education platform with more than 400 million users shows Tencent’s focus on its cost-cutting strategy.

Tencent’s cost-cutting efforts have included divesting some of its investment portfolio, closing noncore businesses, and consolidating its sprawling operations in social media, video gaming and other market segments. Photo: Shutterstock

China drops controversial ‘hurt feelings’ clause from public security admin law

NPC law committee member Shen Chunyao says the proposal was subjective and open to misinterpretation.

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‘Softer’ law enforcement urged as China looks to calm private sector nerves

After incidents related to tax collection that have left some businesses concerned for their operations, China has issued calls for a more predictable approach to law enforcement in an attempt to assuage their fears.

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China anti-corruption unit detains provincial market regulator amid stock slump

The chief of a CSRC branch in Jiangsu province is under anti-corruption investigation, the Central Commission for Discipline Inspection confirms.

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Ling Feng, party secretary and director of the Jiangsu Securities Regulatory Bureau, is being investigated by anti-corruption officials, the Central Commission for Discipline Inspection said. Photo: Handout

Tax worries continue to plague China actress Fan Bingbing despite Malaysian tourism role

Internationally renowned Chinese actress Fan Bingbing continues to be plagued by her less-than-perfect tax affairs, despite her recent appointment as a tourism ambassador for the Malaysian state of Malacca.

Chinese actress Fan Bingbing is struggling to shake off concerns about her tax affairs despite her recent appointment as a tourism ambassador for the Malaysian state of Malacca. Photo: SCMP composite/Shutterstock/Instagram

JPMorgan finds ‘upside’ in tech stocks as China bear turns bullish

‘Macro indicators which are showing early indication of a stabilisation’ have driven a rally, according to a JPMorgan analyst known for his bearish stance.

Tencent pulls DnF Mobile from app stores of Huawei, Oppo and Vivo

The move comes less than a month after hit video game Dungeon & Fighter Mobile was launched by Tencent Holdings on the mainland.

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China cracks down on seeds of cyberbullying after suicides linked to abuse

Online publishers must push awareness of online abuse, censor comments in advance and cut off live broadcasts containing violent information.

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Chinese government ministries and agencies have jointly issued regulations to crack down on cyber abuse, including that internet information providers must not serve anonymous users. Photo: AFP

Major crypto exchange Bybit opens up to Chinese users based overseas

The platform now lets Chinese citizens living abroad sign up for an account, even as the mainland imposes a strict ban on crypto trading.

Bybit has begun to let mainland Chinese citizens living overseas trade on its platform. Photo: Reuters

ByteDance-owned TikTok said to cut hundreds of jobs globally

The lay-offs, which were announced internally earlier this week, are expected to affect TikTok’s operations and marketing departments.

Wealth-flaunting China KOLs caught in cross hairs of inequality crackdown

In the wake of a crackdown on traditional celebrities, the Chinese government has turned its attention to online celebrities. The Post examines three of the best-known who have fallen foul of regulators.

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China’s crackdowns
Beijing has launched wide-ranging regulatory crackdowns in sectors such as technology, education and entertainment.
last updated:
9 September, 2024
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