Media defends action

SHANGHAI: China’s regulatory crackdown is being waged to build a prosperous market economy and criticism from the United States and the West that it is taking “a backward step” are smears, state-backed tabloid Global Times said recently.
“For the moment, reforms in the West are stuck in silence while public opinion there is busy pointing fingers at China, while China is the true doer who is slow in speech yet quick in action,” the editorial reads.
The Global Times is published by the People’s Daily, the official newspaper of the Chinese Communist party.