China’s Big Tech: From Free Development to Strict Regulation

... as a new source of economic growth. His recommendations were allegedly reflected in the 13 th five-year development plan (2016–2020). Whether or not this is true is impossible to verify, but a separate article is devoted to introducing a national big data strategy. In any case , China’s tech companies set new world records as they developed at lightning speed during the 12th and 13th five-year plans. The P2P lending sector, for instance, grew by over 200% annually. Alibaba and Tencent virtually became monopolists on China’s ...