In late 2020,[1] the Chinese Communist Party and various Chinese regulatory bodies, under General Secretary Xi Jinping, began a regulatory spree, strengthening regulations, issuing fines, [instituting a number of reforms,] and introducing or modifying laws. Though mostly targeted at disrupting the growth of monopolistic technology companies, the government also introduced other reforms with implications for large swathes of the economy. Actions taken include the implementation of restrictions on for-profit tutoring and education companies, the refinement of existing rules for limits on minors playing online video games, and the introduction of new antitrust rules.
The stated goals of these reforms have been [among other things: "common prosperity"]. The institution of these reforms has led to turbulence in domestic and foreign capital markets and have garnered both criticism and praise from commentators in China and elsewhere.