Xi Jinping dumps coal in Alibaba’s stocking
Some concluded that the crackdown on Ant, which forced it to shelve what was expected to be a record-setting initial public offering, was prompted by Ma’s public jeremiad in October against excessive regulation of financial technology companies. Ma is the effective controlling shareholder of Ant.
Reuters
December 24, 2020 / 03:00 PM IST
Xi Jinping: Considering the fact that coronavirus originated in China, Xi Jinping, the Chinese President, has been under considerable pressure to answer uncomfortable questions about the pandemic. But in China itself, reports suggest that the administration has been able to bring the spread of the virus under control using strict and authoritarian measures, which critics have said are anti-democratic in nature. Through this all, the Japan Center for Economic Research has said that China's economy is on its way to maintaining a positive year-on-year GDP growth rate.