Investors have misconstrued China crackdown as anti-capitalist, billionaire Ray Dalio says
Chinese tech and education stocks massively sold off last week after the country continued its crackdown on the tech sector, and stepped up restrictions on its education industry.
The crackdown on the education sector is actually an attempt to reduce inequality in the country, as costs spiral in the huge tutoring and enrichment industry, say analysts. He explained that he was referring to Western observers who have no direct contact with policymakers and "don't follow in detail the patterns of the changes" by the government.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Death toll triples to more than 300 in recent China floodingChinese authorities announce large jump in the death toll from recent floods. The Henan provincial government says that 302 people have died and 50 remain missing.
Consulte Mais informação »
Death toll jumps to more than 300 in recent China floodingBEIJING (AP) — More than 300 people died in recent flooding in central China, authorities said Monday, three times the previously announced toll. The Henan provincial government said 302 people died and 50 remain missing.
Consulte Mais informação »
A Cash-Strapped Corner of China Finds a Financial Tonic—Hard LiquorThe rise of China’s biggest liquor company, Kweichow Moutai, has been a gift for the indebted province that is the company’s majority shareholder. “There is a lot of pressure to share the joy in Guizhou,” says one analyst.
Consulte Mais informação »
China securities watchdog seeks closer cooperation with U.S.China's securities regulator said on Sunday it will seek closer cooperation with its U.S. counterpart and will support overseas listings, after U.S. regulators tightened disclosure for Chinese companies and voiced concern about Beijing's regulatory actions.
Consulte Mais informação »
China new home price growth slows in July - private surveyChina's growth in new home prices slowed in July for the first time in five months, with smaller cities especially weighed down by higher mortgage rates, price caps on resale homes and other steps to cool speculation, a private-sector survey showed on Sunday.
Consulte Mais informação »
Goldman and Morgan Stanley recalibrate China gloryThe U.S. investment banking duo has pocketed $500 mln, or 37% of the available fees, from advising on offshore stock sales this year. That’s up from just 23% before the pandemic. Their dominance can withstand Beijing’s IPO crackdown, but other trends will be harder to combat.
Consulte Mais informação »