China’s investigation of Didi Global and the company’s forced removal from app
stores reflects the authorities’ desire to control access to the vast stores of
data held by its tech giants.
The Biden administration wants more competition in the US beer, wine and spirits
sector and that lead to the shaking up of a structure that has been in existence
since Prohibition ended in 1933.
China’s call for “obedient and orderly” capital signals that it hasn’t finished
trying to rein in the sector that accounts for the majority of its economic
growth.
If Russia’s currency is any barometer of its economic condition then it would
appear that it has weathered the initial storm of the West’s sanctions.
Appearances can, however, be deceptive.