© Reuters. FILE PHOTO: Folks relaxation at a park close to Beijing’s central enterprise space, China August 29, 2017. Image taken August 29, 2017. REUTERS/Jason Lee
BEIJING (Reuters) -China has added cryptocurrency mining to a draft record of industries through which funding is restricted or prohibited, though it decreased the variety of sectors on the record total, a doc launched by the state planner confirmed on Friday.
The “unfavourable record” particulars sectors and industries which might be off-limits to each Chinese language and overseas buyers.
Regulators in China banned cryptocurrency buying and selling and mining this yr, with the nation’s central financial institution vowing to purge https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24 “unlawful” cryptocurrency actions final month. The crackdown has prompted cryptocurrency exchanges to chop ties https://www.reuters.com/know-how/cryptocurrency-exchanges-rush-cut-ties-with-chinese-users-after-fresh-crackdown-2021-09-27 with Chinese language customers.
China additionally has been tightening management over public discourse, cracking down on present enterprise https://www.reuters.com/world/china/china-radio-tv-body-strengthen-regulation-cultural-programmes-salaries-2021-09-02 for “polluting” society and asking cellular browsers https://www.reuters.com/article/us-china-censorship-browsers-idUSKBN27B1Z3 to eradicate the spreading of rumours, using sensationalist headlines and the publishing of content material that violates the core values of socialism.
The state planner stated it was halting the funding of “private” capital into a wide range of publishing actions, together with stay broadcasts, news-gathering, modifying and broadcasting entities and the operation of reports.
Personal capital can’t be concerned within the introduction of reports launched by abroad entities or summits and award choice actions within the subject of reports and public opinion, the NDRC added.
The draft 2021 record of industries through which funding is both restricted or prohibited has been minimize to 117, the Nationwide Growth and Reform Fee stated, down from 123 in 2020.
Industries not on the record are open for funding to all with no approvals required.
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