Beijing approves the new privacy law, against the abuses of tech giants
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August 30, 2021 - China's moves so far to curb "chaotic capital expansion" have shown initial results.
This is the analysis that emerged from a meeting of the Commission on the Deepening of Reforms, held in the afternoon under the leadership of President Xi Jinping, who is general secretary of the Communist Party, and from which emerged the will of the Communist Party to strengthen the supervision of digital economy, on technological innovation and data protection, intensifying antitrust measures, as the latest sign of new squeezes especially on the technological giants.
In addition, in the report released in the evening by the official Xinhua news agency, other important issues such as the management of state reserves and the fight against pollution were examined in the meeting, following the ambitious objectives set by Beijing. "It is necessary to accelerate the creation of a comprehensive and multi-level supervision system" in all fields and to fill the existing gaps, reads the text from Xinhua.
There is also a need to strengthen oversight and law enforcement in some "key areas", including platform economics, technological innovation, data security and the protection of people's livelihoods. "It is necessary to improve the anti-monopoly mechanism and the antitrust oversight force," it continues.