The future of China's economic miracle has been preying on investors' minds this year in the wake of a far-reaching crackdown by Beijing on many of its key industries.
Billions of dollars have been wiped off the value of several Chinese technology firms as a result of new anti-monopoly and data security rules. Online shopping behemoth Alibaba and its peers have been hit particularly hard.
The curbs have been extended to many other areas of the economy, including the burgeoning cryptocurrency market, where transactions of digital currencies — including Bitcoin — are now effectively illegal. The private education and energy sector have also not been spared.
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China crackdown: How much pain can the economy take? | Business | Economy and finance news from a German perspective | DW | 07.10.2021
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