Why is China cracking down on it’s own tech businesses?

Derek Scissors from the American Enterprise Institute joins The Exchange with Kelly Evans to discuss China’s regulatory crackdowns on tech and education. There’s going to be a booming tech sector in China, Scissor says, but under their own rules. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Two Chinese education stocks plunged Friday after reports of a government crackdown on the sector that included bans on foreign investment. TAL Education shares tumbled 70.8%. New Oriental Education and Technology shares dropped by 54.2%.