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Original Author: Zheng Liansheng

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Disorderly Expansion of Capital: Performance, Risks, Root Causes, and Responses
资本无序扩张：表现、风险、根源与应对
Jiang Zhaohui 蒋照辉, Zheng Liansheng 郑联盛
Published March 25, 2022

This article, published by the Development Research Center of the State Council, unpacks the “disorderly expansion of capital,” a term that rose to prominence in the wake of Beijing’s tech crackdown during the summer of 2021.