China is entering a new hyperpoliticized reality likely to do long-term damage to its economic performance, says China expert Barry Naughton
Chinese tech stocks popular among U.S. investors have tumbled amid the country’s regulatory crackdown on technology firms. WSJ explains some of the new risks investors face when buying shares of companies like Didi or Tencent. Photo Composite: Michelle Inez SimonChina’s authorities attracted the world’s attention during 2021 with a series of abrupt and unanticipated regulatory and policy changes.
The reality is that many of the Chinese actions have a reasonable regulatory rationale, and can be easily defended on an individual basis. But taking a broader view, there is no question that the latest government actions represent a substantial expansion of the power of the government and the Chinese Communist Party.
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