Wang Xiangwei
Wang Xiangwei

SCMP Columnist

China Briefing by Wang Xiangwei

Hyping China’s regulatory crackdown as a profound ‘revolution’ risks a vicious circle

  • Scaling back capitalist excesses and reining in tech companies amid Xi’s calls for ‘common prosperity’ are very sensible moves, long overdue and in line with the West’s shift in approach
  • But propaganda that hypes the crackdown as a ‘profound transformation’ risks another vicious cycle in which relaxing controls leads to chaos, which leads to tighter controls, then rigidity