Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters
Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters

China’s former central banker blasts venture capital for fanning ‘winner takes all’ in digital economy

  • Cash-burning strategies funded by venture capital firms have led to anticompetitive behaviours, says China’s former central bank governor Zhou Xiaochuan
  • The comments echo Beijing’s call to prevent “the disorderly expansion of capital”

Topic |   China technology
Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters
Zhou Xiaochuan, then-governor of the People's Bank of China, attends a news conference during the National People's Congress in Beijing on March 10, 2017. Photo: Reuters
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