Chinese tech enforcement will be patchy but potent
Friday, February 10, 2023
Significance
Some of those deal with content production and dissemination online, and others with monopolistic and anti-competitive conduct by domestic ‘big tech’. A new paradigm of strict regulations is now firmly in place. However, since different regulators with different priorities and techniques are involved, there are questions about enforcement and implementation.
Impacts
- Beijing will fund innovations such as artificial intelligence, but will ensure they serve its political interest.
- Businesses dependent on data exports by Chinese firms may face operational delays due to bureaucratic bottlenecks.
- Further hefty fines and sanctions against specific corporate executives cannot be ruled out.