PBOC adviser says China should strengthen regulation on tech companies

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China member of the monetary policy committee Cai Fang, speaking with state media, Securities Times

  • should strengthen efforts to control the expansion of technology companies
  • because the development of internet platforms leads to a "winner takes all" dynamic
  • which leads to rising inequality, slows the growth of the economy
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