China’s top leadership vows to give ‘green light’ to a batch of tech deals in sign of policy relaxation

China’s top leadership has announced that it would give “the green light” to a number of pending technology investment deals, sending a policy signal that Beijing is ready to encourage certain financing pacts involving Big Tech firms.

During the Politburo meeting chaired by President Xi Jinping, leaders concluded that the government would “normalise” its regulatory efforts over the tech sector and complete the rectifications of tech platforms, according to a report by state news agency Xinhua. China would also approve several investment deals, the report said.