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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.
Keywords:
China,
AP,
economy,
industry,
corporate,
judicial,
legislation,
regulation,
technology,
IT software & services,
Hardware & equipment,
Media
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2023
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