Xi Jinping Claims China Open for Business, But Investors Wary After Regulatory Crackdowns and Economic Uncertainty
-
Xi Jinping spent 2023 claiming China was open for business again, despite recent actions undermining investor confidence.
-
The gaming industry crackdown in late 2023 echoed the 2021 tech regulation, worrying investors about state control.
-
The 2020 silencing of Jack Ma signaled no private enterprise can thrive without party approval.
-
Appointing Li Qiang as premier initially seemed a tech-friendly gesture, giving mixed signals.
-
property sector woes and deflationary pressures threaten to limit China's growth, dragging on the Asia region.