China Signals Regulatory Crackdown Will Deepen in Long Push

China signaled its push to regulate sweeping parts of the economy, which has jolted markets, will be deep and sustained over the next five years. From a report: In a statement late Wednesday published by the State Council, China said it will "actively" work on legislation in areas including national security, technological innovation as well as anti-monopoly, in order to improve the legal framework "much-needed for governing the country." Law enforcement will be strengthened in sectors ranging from food and drugs to education tutoring where people's immediate interests are at stake, the council said.

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