China is working on a slew of policies to support the country’s Big Tech platforms with innovation and globalisation, a shift in Beijing’s hardline regulatory stance on internet companies, according to a front-page editorial in the Economic Daily, a state-run Communist Party newspaper.
The period of extraordinary regulation over China’s technology giants, which started in late 2020, will come to an end, giving way to market-based and rule-of-law supervision to create a good environment for the growth of the country’s internet platforms, according to the editorial, published on Thursday.