U S Economy Likely to Outgrow China s Due to Contrast in Pandemic Responses lnt.ma - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lnt.ma Daily Mail and Mail on Sunday newspapers.
Having been praised for its management of Covid, there was a strong consensus among industry experts that China was entering 2021 in a far stronger position than many of its peers, given the economy had re-opened and rebounded strongly.
When asked if there could be policy missteps in China s crackdown on its tech companies, Andy Rothman, an investment strategist with Matthews Asia, explained that it reflects a different approach to regulation as compared with the West. They are dealing with regulatory issues in a different way than Western governments deal. So normally, a Western government would lay out a regulatory structure in the early days of a new industry, like fintech being developed, he told CNBC s Street Signs Asia. The Chinese experience has been instead, to say to entrepreneurs, go ahead and give this a try. And then we ll step in there after we see how it works and decide how to regulate it, said Rothman. And I think that s what they re doing now.
When asked if there could be policy missteps in China s crackdown on its tech companies, Andy Rothman, an investment strategist with Matthews Asia, explained that it reflects a different approach to regulation as compared with the West. They are dealing with regulatory issues in a different way than Western governments deal. So normally, a Western government would lay out a regulatory structure in the early days of a new industry, like fintech being developed, he told CNBC s Street Signs Asia. The Chinese experience has been instead, to say to entrepreneurs, go ahead and give this a try. And then we ll step in there after we see how it works and decide how to regulate it, said Rothman. And I think that s what they re doing now.
Technology 2 hours ago
When asked if there could be policy missteps in China s crackdown on its tech companies, Andy Rothman, an investment strategist with Matthews Asia, explained that it reflects a different approach to regulation as compared with the West. They are dealing with regulatory issues in a different way than Western governments deal. So normally, a Western government would lay out a regulatory structure in the early days of a new industry, like fintech being developed, he told CNBC s Street Signs Asia. The Chinese experience has been instead, to say to entrepreneurs, go ahead and give this a try. And then we ll step in there after we see how it works and decide how to regulate it, said Rothman. And I think that s what they re doing now.