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.
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.
Excerpts from Year of the Ox: Reasons to Be Bullish on China thinkadvisor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkadvisor.com Daily Mail and Mail on Sunday newspapers.
China: The Sum of All Fears
One thing hasn’t changed since Donald Trump’s departure from the White House. China remains high on the agenda in the U.S., and in almost every sphere conflict seems inevitable. The top three China stories on the Bloomberg.com website at the time of writing were: Momentum Grows in Congress for Legislation Confronting China, ‘Diplomatic Boycott’ of Beijing Olympics Added to China Bill, and Australia Cancels China’s Belt and Road Deal With State. A similar snapshot at more or less any other time in the last few months would have yielded a similar picture.