China likely to ease tech crackdown as undue scrutiny hurts economy

China likely to ease tech crackdown as undue scrutiny hurts economy

The entrance of Two Exchange Square in Central District of Hong Kong, where the HKEX headquarters is located. Photo by Cheung Yin on Unsplash.

China’s technology companies may see some respite in 2022 after over a year of intense regulatory scrutiny as Beijing seeks to stabilise the economy that is reeling under the impact of the pandemic, industry observers predict.

The expected let-up in the heightened oversight comes as Beijing’s efforts to rein in its private-sector companies – from tech giants to for-profit after-school education services – have startled investors and trashed the valuations of Chinese tech stocks. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter