China vows further curbs on ‘disorderly expansion’ by tech firms

China will take further steps to rein in internet companies, a senior cyberspace official said, citing the shared economy, online health care and smart delivery as areas of concern.

Vice Minister Sheng Ronghua told the World Internet Conference on Monday that curbing monopolistic behavior and the “disorderly expansion of capital” were top priorities for the Cyberspace Administration of China. Sheng also listed self-driving vehicles and platform economies as areas that required stronger regulation.

“We need to build a solid legal foundation for anti-monopoly efforts and prevent disordered expansion of capital,” Sheng said at the annual conference in Wuzhen, Zhejiang province. “A sound data-management and trading mechanism will also be built.”