Why criticize Indian Commerce Minister for invoking the Quit India call (primarily given to oust the Brtitishers from India by Mahatma Gandhi) while welcoming a top court decision that said Amazon and Walmart’s Flipkart would have to undergo investigation by the anti-trust body, Competition Commission of India?
Many countries are framing new laws or tweaking existing ones from a nationalistic point of view and to counter alleged unfair treatment of local businesses by their foreign counterparts. Or, the governments are probing domestic tech gfiants for unfair trade practices.
China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on Wednesday.
The announcement signals a crackdown on industry with regard to privacy, data management, antitrust, and that other issues would persist on through the year, Reuters reported from Beijing.
The Chinese Communist Party and the government said in a blueprint for the five years to 2025, published by the state-run Xinhua news agency, that they would also improve legislation around public health by amending the infectious disease law and the “frontier health and quarantine law”.
China is working for a return to normal after the coronavirus pandemic, which emerged in its Wuhan city in late 2019.
Regulations dealing with food and medicine, natural resources, industrial safety production, urban governance, transport, would also be strictly enforced, they said.
Authorities will aim to develop laws consistent with new sectors such as the digital economy, Internet finance, artificial intelligence, big data, cloud computing, they said, adding that they would also improve the response to emergencies.
They additionally laid out directives for the prevention and resolution of social conflicts and reiterated an order for officials to “nip conflicts in the bud”.
The government has in recent months reined in tech giants with anti-monopoly or data security rules and clamped down on tutoring companies, as the State increases its control of the economy and society.
On Thursday, state-media outlet the Securities Times reported that banking regulators would step up scrutiny of online insurance companies in an effort to “purify the market environment” and “protect the legal interests of consumers”.
Authorities used a law aimed at responding to foreign sanctions for the first time last month to sanction former U.S. Commerce Secretary Wilbur Ross and imposed a national security law on the special region of Hong Kong last year, employing legal means to protect interests beyond the mainland border.
The party and the government also asserted that a “rule of law government” must follow the leadership of the party.
President Xi Jinping has made “rule of law governance” a signature of his rule, which will be extended if, as expected, he seeks a third term next year.