(AF) China’s regulatory assault on consumer technology companies is consistent with President Xi Jinping’s determination to make manufacturing the centrepiece of the economy, the Wall Street Journal argues in an opinion piece.
State media’s dismissal of gaming as “cultural opium” was also unsurprising given that making things has long been China’s forte, the piece adds. Whether this is a sound policy is debatable but it reminds investors they should be aware that usual market rules don’t always apply in China, the article concludes. Full report: Wall Street Journal.
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