News Snapshot:
Beijing’s regulatory crackdowns, along with its strict Covid containment policies and debt reduction push, are pulling the rug from under the country’s economic recovery, says a report China’s economic recovery has lost momentum, its financial risks are mounting, and the drive for ‘common prosperity’ that helped trigger sweeping regulatory crackdowns has made its stocks all but uninvestable, says research firm Enodo Economics. The firm estimates China’s third-quarter growth will weaken to 0.9% on a quarter-on-quarter basis, down from 1.3% in the second quarter, wrote its founder, Diana Choyleva, in a research note on September 2. Expansion is being dragged down...
