Businesses Should Abide by ‘Traffic Lights’ in Capital Expansion, People’s Daily Says

What’s new: The Communist Party’s official newspaper has endorsed Beijing’s latest slogan of regulating capital expansion with “traffic lights,” saying the approach sets rules and a bottom line aimed at ensuring businesses “obey the leadership of the party.”

In doing so, the People’s Daily editorial (link in Chinese) said that the country should improve management of market access, strengthen market source control and industry supervision, enhance anti-monopoly and anti-unfair competition regulations, and prevent capital from growing wild.