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Title: | China's Internet sector reforms and the rise of ESG in the state techno-nationalist agenda | Authors: | Au, A | Issue Date: | Dec-2023 | Source: | Policy and internet, Dec. 2023, v. 15, no. 4, p. 646-664 | Abstract: | From 2020 onward, sweeping reforms were implemented in China's domestic Internet sector that stirred debate about its future. Analyzing all Chinese government policies and penalties issued on domestic Internet enterprises from 2020 to 2022, this article provides the first systematic account of the authoritative themes that guided the design of the policy reforms. Latent Dirichlet Association topic modeling and qualitative content analyses reveal that policy reforms are guided by a state techno-nationalist agenda shifting closer to a framework of environmental, social, and governance concerns (ESG). The results show that the new policies restructured Internet firm operations, capital allocation decisions, and accountability mechanisms with local government collaborators to ultimately push firms toward improving ESG adherence: social wellbeing, corporate governance, and environmental sustainability. This article theorizes that these changes reposition the Internet sector in a new techno-nationalist agenda, shifting it from a vehicle of unfettered economic growth to an incubator for social wellbeing and sustainable finance. | Keywords: | China corporate regulation development environmental, social, and governance (ESG) Internet sector policy reforms social sustainable finance |
Publisher: | John Wiley & Sons, Inc. | Journal: | Policy and internet | EISSN: | 1944-2866 | DOI: | 10.1002/poi3.352 | Rights: | © 2023 The Authors. Policy & Internet published by Wiley Periodicals LLC on behalf of Policy Studies Organization. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial‐NoDerivs License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made. The following publication Au, A. (2023). China's Internet sector reforms and the rise of ESG in the state techno-nationalist agenda. Policy & Internet, 15, 646–664 is available at https://doi.org/10.1002/poi3.352. |
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