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China's get-tough approach to big business will continue for years

China's get-tough approach to big business will continue for years

CNN
Thursday, August 12, 2021 11:23:31 AM UTC

China's big crackdown on business appears far from over.

Top leaders from the ruling Communist Party on Wednesday laid out a blueprint for how they plan to continue tightening the regulatory screws on companies over the next five years. The country's latest five-year plan includes promises to strengthen rules that would clamp down on monopolistic behavior and regulate technological innovation. Authorities also called on "law enforcement" to take action in areas of "vital interests of people," including financial services, education and tutoring.
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