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Recent days have seen a series of sudden, market-roiling regulatory moves by Beijing. These developments come amid a months-long crackdown on private businesses—from last November’s canceling of the Ant Financial listing to the past weekend’s order banning education companies from raising capital. Put together, these moves send a clear signal of both ideology directed against the private sector and a consequent reduction in China’s future potential growth.

Posted July 28, 2021
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