News Snapshot:
China-focused investors are breathing a sigh of relief this week thanks to a recovery driven by gains forged in the tech sector. Beijing stopped the chimney site after detonating salvos at Big Tech, e-commerce platforms, after-school personal lessons, video game manufacturers, food transportation and delivery services, cryptocurrency miners, and e-cigarette manufacturers. However, the Chinese economy as a whole may be in for major upheavals. This short-term rally in stocks would likely mask a dubious picture of the industry in the medium term, dangers that are not fully recognized. “Markets have become so focused on the regulatory typhoon that they are...
