Sweeping regulatory changes over the past months have targeted everything from monopolistic behaviour to data security, rattling share prices and wiping billions off companies' valuations.
But a widely shared article by a well-known blogger calling the clampdowns a "profound revolution" has prompted a scramble by public figures and state media to counter growing fears that the changes amount to a second Cultural Revolution. The editorial on Wednesday added that the regulations are to guide enterprises to obey the ruling party's leadership and serve the country's broader interests of economic and social development.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: