Analytics

Why China Investors Finally Believe Xi’s Tech Crackdown Is Over

Bloomberg reports that Beijing has made clear it sees China’s technological future not in video games and online marketplaces, but in industries that are more pivotal to the geopolitical rivalry with the US.
Why China Investors Finally Believe Xi’s Tech Crackdown Is Over
Even before President Xi Jinping met with leading Chinese entrepreneurs on Feb. 17, investors began piling into technology shares, betting that a years-long crackdown on the private sector was at an end. The Hang Seng Tech Index surged in the previous trading session to its highest since February 2022 after reports of the impending meeting. The summit had all the... ...

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