Exclusive | China to end regulatory storm over Big Tech and give sector bigger role in boosting slowing economy, sources say

  • A symposium involving Chinese Big Tech has been scheduled after the Labour Day holiday to assure business leaders on the new direction
  • A joint regulatory meeting is set to take place as soon as this weekend to put all regulators on the same page regarding Beijing’s decision

Pedestrians and cyclists travel past buildings in the central business district in Beijing. China is expected to end its regulatory clampdown on Big Tech as the economy slows. Photo: Bloomberg
China is scheduled to have a symposium with the country’s Big Tech firms on the heels of the Politburo meeting on Friday, raising hopes that Beijing will stop its sweeping regulatory clampdown on the tech sector and give internet platforms larger roles to help prop up the ailing economy, according to two sources briefed on the situation.

The symposium has been set for after the Labour Day holiday, which lasts from Saturday to Wednesday this year, to assure business executives that regulators will no longer demand rectifications or impose surprise fines, two people, who declined to be named as the briefings were private, told the South China Morning Post.

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