Chinese state media signal Beijing’s attempt to ease panic about its tech crackdown in unusual front-page editorial

People’s Daily, the mouthpiece of the ruling Chinese Communist Party, published a front-page editorial on Wednesday, saying that the recent crackdown on private tutoring, data security and internet platforms is not intended to hurt any specific industry or business, striking a conciliatory tone after a regulatory storm that has stirred fear among investors and wiped out trillions of yuan in tech valuations.Beijing’s disciplining of the tech sector is aimed at establishing a “new development…