China ‘plans to ban’ US IPOs for data-heavy tech firms – business live | Business

[ad_1] China Securities Regulatory Commission officials said that companies with less sensitive data, such as those in the pharmaceutical industry, are still likely to receive Chinese regulatory approval for foreign listings, according to the people. The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech … Read more

‘Chipageddon’: how a global tech crisis came to sound quite tasty

[ad_1] First chickens, and now a worldwide shortage of microprocessors … the word ‘chip’ is the latest word to gain an Armageddon flavour As if there weren’t enough disasters happening simultaneously, people are now speaking of the present “chipageddon”: the worldwide shortage of microprocessors that is affecting supplies of everything from toasters and games consoles … Read more

The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more