China signals crackdown on business unlikely to end anytime soon

China signals crackdown on business unlikely to end anytime soon

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on Wednesday.

The announcement signals that a crackdown on industry with regard to privacy, data management, antitrust, and other issues will persist on through the year.

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