Not So Fast — China’s Regulators Aren’t Done Yet: Tim Culpan

With Chinese president Xi Jinping’s reform agenda hardwired into national policy, and technology companies feeling confident about a more-certain future, it’s starting to look like “the crackdown” is over.

That’s wishful thinking. Within the first month of Xi’s latest term, events have already popped up to show that regulators remain engaged and are likely to keep a tight rein on the industry.

In late March, the Cyberspace Administration of China announced that it’s investigating Micron Technology Inc., America’s largest memory-chip maker. The one-line statement pointed to the integrity of the information-infrastructure supply chain and a need “to maintain national security.”

Over the ...