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.