Tag: CCP

(29 July 2021) Stocks have fallen sharply in China and Hong Kong this week after the government tightened regulations governing education, real estate and technology firms.  The Shanghai Composite Index had fallen by as much as 7% by Wednesday although it managed a modest recovery today.  Bonds and the yuan also sold off as investors rushed to the exits as the CCP sought to assert its ultimate control over the freewheeling private sector.  While many Western stock markets are trading near record highs, China's market peaked in February...