The country’s regulatory measures range from vetting medical and financial influencers to algorithmic audits. What, if anything, can the West learn?
The dramatic fall of Ma is typical of China’s approach to regulation. “When we start being starry-eyed about the Chinese model of enforcement, we've lost track of the fact that regulation isn't just supposed to rein in private companies,” Susskind says. “It's also supposed to limit the power of the state.” In China, that’s rarely the case.
And, in some instances, Chinese policymakers are adapting ideas from the West. The EU’s General Data Protection Regulation not only inspired the California Consumer Privacy Act but also similar moves within China, including that country’s, which limits how much personal data private companies can collect. The concept of watching what the world is doing, then molding a China-suitable solution, isn’t unique to tech, Webster says.
Chinese regulators might be cribbing from elsewhere to an extent, but they’re very much forging their own path with how they seek to control the tech sector. And, as more regulation rolls in, it will only further splinter anit’s going about it. “There are smart people working hard to try to reshape the Chinese digital economy,” he says. “The job is not that different, even though the political systems are.
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