I want to understand the implication of crackdown on the leading giants in the Chinese economy. The stringent regulatory measures is leading into bloodbath in Hong Kong stock exchange where the leading gaming company Tencent has seen drop in 50% of share prices and collective drop of 64% in total for whole sector.
Well, I understand the ideological grounds on doing so, and also on the grounds that the upcoming National Congress which is most probably going to elect Xi as their leader again and in for this smooth transition the so called 'people's democratic values' are been enforced.
Some experts argue that the same set of rules and regulation came down on capitalist establishment in USA during 1920s, but in contrast the current globalized economy has different context and hence how this action will led the Chinese economy?
I want to understand the implication of crackdown on the leading giants in the Chinese economy. The stringent regulatory measures is leading into bloodbath in Hong Kong stock exchange where the leading gaming company Tencent has seen drop in 50% of share prices and collective drop of 64% in total for whole sector.
Well, I understand the ideological grounds on doing so, and also on the grounds that the upcoming National Congress which is most probably going to elect Xi as their leader again and in for this smooth transition the so called 'people's democratic values' are been enforced.
Some experts argue that the same set of rules and regulation came down on capitalist establishment in USA during 1920s, but in contrast the current globalized economy has different context and hence how this action will led the Chinese economy?