Why China is cracking down on everything. The slew of announcements of tough new regulations and the stringent. There's going to be a booming tech sector in China, Scissor says, however underneath their very own guidelines. Follow the topics, people and companies that matter to you. On the other hand, China has a tradition of cracking down in fits and starts, or making examples out of high-profile companies. Ant was going to do what it liked and said . . Why China Is Cracking Down on Private Tutoring Regulations on the $120 billion industry reflect concerns over the education rat race. Regulators have piled pressure on Jack Ma and his business empire. Max. Tracking the emergence of neologisms, China Media Project has identified a fabric of buzzwords in recent years reflecting this mentality. But the founder of Muddy Waters Funds now believes the times of Chinese organizations tapping American money marketplaces are about. Society Telling Ukraine's Story to Japan. China in recent weeks has stepped up efforts to rein in the country's cryptocurrency industry, banning crypto mining operations and ordering major banks not to do business with crypto companies. One theory is that it's part of a broader law-and-order push ahead of the 100th anniversary of the Chinese Communist Party this year. What's New; Forum Listing; Marketplace; Showcase; Gallery; Dark Mode Elmer Yuen explains . The statement said it was necessary to "crack down on Bitcoin mining and trading behaviour, and resolutely prevent the transmission of individual risks to the social field." "It is necessary to maintain the smooth operation of the stock, debt, and foreign exchange markets, severely crack down on illegal securities activities, and severely punish illegal financial activities." The . "Chicken child" (), a subtle dig at the tiger mom concept, mocks parents who push . Why is China cracking down on almost everything in the county? The perception that the same business practices are treated in drastically different ways when policy priorities shift will not bolster investor confidence in China's thriving . Companies like Jack Ma's Ant Group had expanded into consumer financing and looked to raise foreign funds to do so. Beijing's latest move is a response to long-held public grievances about educational inequality and the resulting pressure to keep up. With international criticism muted, expect more of the same. The highlights this week: China introduces new regulations on how much time minors can spend playing video games , the details of the case against Canadian detainees Michael Spavor and Michael Kovrig are revealed, and U.S. climate envoy John Kerry travels to Beijing for talks. . Why is the Chinese government discouraging Islamic traditions? Why is the middle class not objecting? The Chinese leaders were worried that the capitalist sector in China had got too big for its boots. twitter facebook. For entry to reside and unique video from CNBC subscribe to CNBC PRO: Two U.S.-listed [] For the past several years, well-known hedge fund manager Jim Chanos of Kynikos Associates has been an outspoken China bear. Post date August 5, 2021 Post author By Lizzi C. Lee; Beijing's latest move is a response to long-held public grievances about educational inequality and the resulting pressure to keep up. When China started cracking down on miners, NewsBTC reported: "As for the possible reasons, Bitcoin Magazine's Lucas Nuzzi cites the upcoming Digital Yuan CBDC." And Nuzzi said, "They're literally rolling out their own coin (a CBDC) that will enable the mass surveillance and unbanking of dissidents." China's most powerful companies including Didi, Alibaba and Tencent are suddenly under immense scrutiny as the country vows to crack down on domestic companies that list on U.S . It has been underpinned by rising incomes in China, Australia's reputation for high-quality produce and a free trade deal between the two nations. The best-known China bear says the emperor is not yet naked, but getting there. Of course, most people don't understand . The People's Bank of China has given out hundreds of thousands of "red packets" to random lucky citizens, each worth 200 RMB (~$31 USD). Hardly a day has gone by in recent months without news of a fresh crackdown on one part of the Chinese economy or another. Economy Can China's SWIFT Alternative Give Russia a Lifeline? "Good luck. "Around 25 million people in Shanghai remain locked down as Chinese authorities try to control the most severe coronavirus outbreak in the Asian nation since the initial lockdown in Wuhan at the. Why China is cracking down on sure publicly-traded providers, according to Carson Block. China has created a 1.5 trillion dollar black hole by introducing certain new business policies which are hindering their homegrown Tech giants from getting . This post was . Last year, Chinese authorities . He had given a . . AP However, the changes currently sweeping through China stand in contrast to decades of liberalism as the world's most populous country opened up to the world and embraced capitalism, consumerism and the internet. Elmer Yuen on China's progress since 70s & the reason CCP is cracking down on its ED-Tech firms. .and really don't care what are supposedly being . The company's business. Sound Familiar? I though it was bad in N.A. Charlie Smith, co-founder of the censorship in China monitoring site GreatFire.org, said there has been a significant . The crackdown reflects Xi's broader desire to take China out of its Gilded Age, as well as his preferred method to achieve that via command, argues Yuen Yuen Ang, associate professor of Political. Gambling has been banned in mainland China since 1949. Why Did China Crack Down on Its Ed-Tech Industry? China's crackdown on bitcoin has sent shockwaves through the global mining community, but as miners flee the country, some cryptocurrency faithful remain optimistic about its future. That's sort of . But vilifying only China is just US-led propaganda. On par with these oxymorons is the idea that China is getting tough on piracy when "Chinese knockoffs" can still be. Why Is China Cracking Down on Alibaba? A wave of government regulations is being imposed on China's digital sector, from gaming platforms to GDPR-like privacy regulations, to a draft regulation cracking down on recommendation algorithms. Whether these onslaughts are driven by communist ideology or Xi's desire to consolidate power, the net result will . China's forceful implementation of a new language policy in Inner Mongolia has drawn criticism, even from the Communist Party elite. Many of the recent changes are targeting young . That's sort of like trying to nail Jell-O to the wall." "Good luck. Society Will 'Common Prosperity' Reach China's Takeout Drivers? Good! 3.2m members in the CryptoCurrency community. Is China tightening the screws on exports to North Korea? The Chinese government has had a love-hate relationship with Bitcoin since its inception. The focus on "naked officials" is the latest front in the campaign to stamp out corruption that Mr Xi launched after becoming head of the party in late 2012. China is no angel, but the US is worse when it comes to not respecting human rights. Why China is cracking down on everything Billionaires, movie stars, "sissy boys" and teenagers playing video games have been caught up in Xi Jinping's Soviet-style campaign to rid China of decadent. . Billionaires, movie stars, "sissy boys" and teenagers playing video games have been caught up in Xi Jinping's Soviet-style campaign to rid China of decadent Western influences and tighten his grip on power ahead of a key political test next year. 10 months ago [email protected] _84. with the drug problem, but the Latest in the news China is cracking down on illegal golf courses. :eek: Someone is pushing Titelist. January 16, 2018, 11:09:43 PM #1. Since chinese authorities suddenly halted fintech conglomerate Ant Group's planned IPO in autumn 2020. Apple has deleted hundreds of VPNs from its App Store in China. Telling state-owned developers to stop hyping, as CREB put it, "operational and market activities" would be the latest effort to crack down on property speculation gone wild in China. China has been cracking down on a lot of things lately." China in recent months has been imposing restrictions and rule changes on companies ranging from technology makers to education services . How many citizens they kill is an objective measurement of the human rights situation in each country. Answer (1 of 10): It does seem that way. In July 2019, 19 foreign teachers and students in China were arrested after being tested positive for drug use in China's eastern Jiangsu province, leading to a nationwide discussion on Chinese social media, with some calling for a crackdown on "unqualified" and "immoral" teachers from abroad. In effect, the Ant Group aimed to take over household lending from the state banks. China is no angel. He explains how he became concerned that the world's second largest economy was headed for trouble and discusses why any country, whatever . The strongman leader has many enemies, but he also has unprecedented control over the military and the government and access to surveillance . Dark Sun. Don't worry." Military intelligence. The detention of Ai Weiwei is part of a broader strategy, says Kelley Currie. China's attempts to wrestle with this problem are, therefore, of particular interest and importance. China's crackdown in the past year has been on a broad swathe of industries, from tech to education and food delivery. Reuters is reporting that China's Minister of Public Safety said that the country will crack down on online gambling, including the banks and Web sites that support it. The Chinese authorities' antitrust action against the e-commerce giant appears arbitrary. That's led to steep selloffs in Chinese stocks, wiping out billions of dollars. Why don't we crack down on massive corporations and rich crooks with offshore bank accounts?" asked one frustrated observer. So. By James Palmer, a deputy editor at Foreign Policy. Within China, the campaign has been met with a mix of approval and skepticism. Liang Min, 35, a linguist from Jilin province, said China's pop idol culture, in which young fans donate money to . Newbie Offline Activity: 13 Merit: 0. Like Mao, Xi is appealing directly. Ma, sensitive to the allegation, called the report "flawed", raising the ire of Beijing. Although the . China's tech giants have lost more than $1 trillion in market cap this year. While Beijing's anti-monopoly probes were concentrated on operations largely within. China has been cracking down hard on its technology sector in recent months. In the meantime, we have also seen a wave of crackdowns on big tech, from Jack Ma of Alibaba, to the case of Didi. It's pretty obvious why the market is collapsing and has been ever since those countries announced they are . Is Xi getting paranoid that the children of China could be learning about things outside of the CCP curriculum? Login / Join. According to Reuters, this is what Bing's Chinese site had to say: "Bing is a global search platform and remains committed to respecting the rule of law and users' right to access information . Let us not lose balance here. People have been arrested for their posts on Twitter, which is inaccessible on the Chinese internet. South Korea indicates it may follow suit. Beijing's latest move is a response to long-held public grievances about educational inequality and the resulting pressure to keep up. But this is also risky - if one of these projects fails it risks the entire banking system. Feb 2, 2021 Angela Huyue Zhang. China Cracks Down On Its Tech Giants. Minerals exports dwarf everything else, but the surge in sales of agricultural products to China over the past decade has been nothing short of phenomenal. How China is exploiting the coronavirus pandemic it helped cause - Vox How China is ruthlessly exploiting the coronavirus pandemic it helped cause "Everything they're doing is a full-court press,". Why is China cracking down on its 'model minority'? Over 3,000 merchants have begun accepting digital yuan, including Starbucks and Alibaba. Why China Is Cracking Down. Short vendor Carson Block acquired notoriety for exposing the fraudulent accounting methods of U.S.-shown Chinese businesses. <picture> </picture> The Chinese regulatory authorities have been keeping investors on the edge of their seats this year. Wireless cable. Sat 11 Apr 2020 08.33 EDT China is cracking down on publication of academic research about the origins of the novel coronavirus, in what is likely to be part of a wider attempt to control the. This phase of China's tech crackdown is further defined by the ties these companies have to the United States. Companies like Alibaba, Baidu, and Tencent were once regarded with national pride. It remains to be seen whether Xi will have any more success in rooting out powerful, corrupt . Less than two weeks before Ant's listing, Ma accused regulators and . Police leak provides new insight into Beijing's mass incarceration system The Week Staff 24 May 2022 A vast cache of data hacked from police computer. In 2015, the commerce ministry accused Alibaba of suffering a "credibility crisis" by failing to crack down on merchants selling fake wares on its Taobao and Tmall platforms. Topic: China cracking down on bitcoin (Read 214 times) coinbase-stole-my-money. Recent Features. He has vowed to attack graft by . "In the Cultural Revolution, young people had more power. What is going on in China's . China's state-run media released articles against fasting during Ramadan. Now they're being slapped with fines and other penalties.. Politics Elections in a Pandemic: How Filipinos Can Safely Elect Their Leaders . Rice prices are reportedly soaring in Pyongyang as Chinese customs and border control impose more stringent inspections on shipments . It's going to be a time of pain for a lot of different . China's government is cracking down further on the use of virtual private networks to circumnavigate its Great Firewall, as part of the ongoing game of whack-a-mole between censors and an increasingly tech-savvy population. Different countries have different ways of doing things. Cracking down now, will only manage to piss off an entire generation and antagonize them towards the communist government. Why China is cracking down on everything. His phone was being monitored, he said, as are those of many other Mongols around him."We have no way out. Jack Ma at his apex in 2019. Just days after Didi Global Inc., China's version of Uber, pulled off a $4.4 billion initial public offering in New York, the Chinese cyberspace regulator ef. From Reuters: Quote: The campaign will "concentrate on investigating major and important cases of online gambling, knock out domestic and foreign groups that organize . Or just the opposite will happen. This event followed a 2018 government announcement that it would double . Students. Recently, three Muslim students in Xinjian, China were forced to eat during the holy month of Ramadan, dining with their professor who was there to make sure they didn't starve. Feb 7, 2021 - Why Is China cracking down on Alibaba's IPO? Others joked that the scheme was par for the course for the Tories, even as they claim to be doing everything they can to assist low-income families to survive the economic downturn. For instance Tencent became a target of a campaign to combat gaming. This is a general impression that's pretty much that of most people here in this country. Let's bring all of the things that we wanted to crack down on and do it all at the same time, instead of just dragging it out over the years. Why is China cracking down on Uighur Muslims? The latest move came Tuesday as the government acted against a company for allegedly providing cryptocurrency-related services. BEIJING The herder couldn't speak for long. They see how the US is decaying and swaths of the population are oppressed by the capitalist class without even being fully . One of the big reasons for the crackdown is how these investments are funded. The turning point of the latest crackdown can be traced to October last year after China's richest man, billionaire tech tycoon Jack Ma, disappeared. Without checks and balances, the totalitarian government has also been cracking down on the tech industry with capricious and draconian regulations. "They're cracking down on all sorts of undesirable behavior,". China is in the throes of a "rectification" campaign, a throwback to the kind of political struggle that periodically convulsed the country in Mao Zedong's day. Ultimately China had little choice but to crack down on bitcoin, because it . "There's no question China has been trying to crack down on the internet," he said. . Re: Reverse Psychology (Score: 2 , Interesting) by BytePusher. China Cracking Down on Piracy The Chinese government holds up its hand and says, "I got this. Derek Scissors from the American Enterprise Institute joins The Trade with Kelly Evans to debate China's regulatory crackdowns on tech and schooling. By afr.com | 1m . That cuts off the huge surge in investment that sent the currency to dizzying new heights over the past last few months. There's nothing we can do," said Gangbater, a . It would come on top of the numerous other ways local and central authorities have tried to curb this speculation, without success so far. Living Dead. China cracking down on bitcoin. The leading community for cryptocurrency news, discussion, and analysis. Carry on Xi! Why is he cracking down on a 120 billion dollar private education industry? Share. China cracks down. China's financial system is dominated by banks and bank loans are the major source of corporate funding. (Weibo, file photo)"Drawing a crowd gives the event a feeling of being noteworthy; more people show up, which . China is cracking down on the practice of hiring strippers to perform at funerals. The so-called "996" culture describes the expectation that employees work from 9 a.m. to 9 p.m. six days a week. Mobile App Ban: Several apps owned by Chinese companies are among the freshly banned apps, including four owned by China's retail giant, the Alibaba Group.#B. The trend started in November 2020, when Ant Group, the financial. In an . Public sector employees have begun receiving payments or subsidies as digital yuan. Those are two of the biggest crypto markets in the world.