China 'is going back to a policy of total control,' short seller says amid crackdowns

Beijing's latest moves to crackdown on various sectors in the Chinese economy is spooking some investors, and one short seller believes that this is simply the start. “I know the bulls wanted to say: ‘It’s just going to be the education stocks,’ and then it was the crackdown on gaming,” short seller Dan David told Yahoo Finance Live (video above). In the last few months, the Chinese government under President Xi Jinping has started tightening regulations across various sectors such as gaming — both in terms of casinos and kids playing video games — in addition to Big Tech in…