China wants to limit teens to using their phones for just an hour a day to fight rising ‘internet addiction’::The Cyberspace Administration of China announced proposed regulations for children’s smartphone usage, including a “minor mode” with time limits.
Well, the crackdown has definitely scared the market and wiped out more than $1 trillion worth of stock value. It’s a fascinating case study of the fusion between communism and capitalism, as well as the convergence of centralized control and economic liberalism.