China's state media tries to reassure investors over crackdown

Sweeping regulatory changes over the past months have targeted everything from monopolistic behaviour to data security. - Reuters

BEIJING (AFP): China's recent clampdowns on a range of industries including tech firms and the education sector will not detract from its goal of opening up the economy, state media said Wednesday (Sept 8), as Beijing rushes to reassure rattled investors.

Sweeping regulatory changes over the past months have targeted everything from monopolistic behaviour to data security, rattling share prices and wiping billions off companies' valuations.