Martin Chorzempa is a senior fellow with the Peterson Institute for International Economics in Washington.
Today's headlines give the impression that the Chinese government is intent on crushing its innovative internet companies.
Beijing has legitimate reasons to rein in giants such as Didi and Ant Group


Jack Ma attends the Bund Summit in Shanghai in October 2020: Ma's ill-calculated speech broke the logjam. © Imaginechina/AP
Martin Chorzempa is a senior fellow with the Peterson Institute for International Economics in Washington.
Today's headlines give the impression that the Chinese government is intent on crushing its innovative internet companies.