China’s Crackdown On Tech Is Germany-Inspired, Economists Say
According to some experts, China’s crackdown on tech companies is inspired by Germany-style regulation. The Asian giant has veered towards anti-trust rules, an emphasis on manufacturing over services, and an approach to education that resemble those of its European counterpart. Q2 2021 hedge fund letters, conferences and more China’s CrackdownChen Li, a senior strategist at brokerage Soochow Securities Co said in a presentation that China has turned from “the American way” to “the German way.” His assertion is backed by Chris Leung, chief China economist at DBS Group Holdings Ltd, who says tha...