China’s Push to End Market Monopoly Targets Music Industry — Wu Peiyue

Some US criticism of China's recent policy assert that it will hurt innovation and spell the doom of Chinese growth, but increasing competition encourages entrepreneurial innovation, makes markets freer of artificial scarcity, and lowers prices. It's a fairer system.

The new rule requires streaming platforms to end exclusive music licensing deals with artists and record labels....

Sixth Tone
China’s Push to End Market Monopoly Targets Music Industry

Wu Peiyue
https://www.sixthtone.com/news/1009395/China's Push to End Market Monopoly Targets Music Industry

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