China takes steps to ease up on regulatory crackdown as economy slows – Hellenic Shipping News Worldwide

Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to a year-long probe into the ride-hailing firm’s cybersecurity practices.

Here is a timeline of key events underscoring the easing of China’s regulatory crackdown since the beginning of this year:

Feb. 10: China’s cyberspace watchdog said it had held a symposium with domestic technology giants in January which had given the industry a “clearer understanding” of how to pursue development and confidence amid a new regulatory landscape.

March 16: Vice-Premier Liu He, China’s economic tsar, urged the introduction of market-friendly policies to support the economy and expressed caution about measures that risked hurting markets. The comments boosted battered shares in China and Hong Kong.

April 11: China’s gaming regulator granted publishing licences for 45 games from developers including Baidu Inc and XD Inc, ending a nine-month freeze.

April 29: China’s powerful…

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source: https://news.oneseocompany.com/2022/07/21/china-takes-steps-to-ease-up-on-regulatory-crackdown-as-economy-slows-hellenic-shipping-news-worldwide_2022072124110.html

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