Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

As US tech bubble grows, China’s crackdown looks less like madness and more like method

  • Seen against the tech tycoon worship in the West steering market capital into glitzy stocks instead of real economy needs, creating a ‘cult of the equity’, Beijing’s crackdown looks more pragmatic than ideological

Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
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