ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Xi's tech crackdown preserves socialism with Chinese characteristics

Protecting foreign investors has never been a top priority

| China
Chinese President Xi Jinping delivers a speech at an event marking the 100th founding anniversary of the Communist Party of China, in Tiananmen Square, Beijing, on July 1.   © Reuters

Richard McGregor is a senior fellow at the Lowy Institute in Sydney.

Beijing's label for its economic system -- "socialism with Chinese characteristics" -- has long prompted sniggers outside the country as a rhetorical fig leaf that allows the Communist Party to preside over unbridled capitalism.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more