JD Exec Says China Tech Oversight Now More Rational – CNBC

The chief executive of JD.com’s retail business, Xin Lijun, says regulation of China’s tech sector is not loosening, but becoming more “stable” and “rational,” according to CNBC.

Most countries liked to encourage innovation and only regulated sectors develop to a certain level, the report said, and China’s tech or internet sector was going through that process, but “I wouldn’t say regulation [is] loosening, I’d say regulation is conducted in a more rational way,” Xin Lijun was quoted as saying, adding that he was optimistic about the Chinese economy in the second half of 2022.

Read the full report: CNBC.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

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