The Chinese government will introduce regulatory legislation in the field of food and medicines in the coming years. This is stated in a plan that the Communist Party has announced. In addition, new laws on national security, technology, and monopolies appear to be emerging for these subjects.
The additional regulation also relates to companies that work with data and artificial intelligence. “People’s growing need for a better life places new and higher demands on the rule of law,” the plan states. Exact measures are not mentioned.
Large Chinese technology companies have been under pressure for some time as the Chinese regulators are tackling them through stricter rules. Beijing, for example, took measures against Alibaba and Tencent to tackle their powerful market positions. As a result, online retailer Alibaba was fined approximately 2.1 billion pounds.
Other Chinese tech companies are also being dealt with harshly by the Chinese government, including taxi app Didi. Shortly after the company was listed on the US stock exchange, it was announced that the app would be under a cybersecurity investigation.
Last month, the watchdog already drew up rules for Chinese meal deliverers to improve the conditions of employees. For example, delivery routes had to be adjusted. There were also reasonable delivery times.
