The writer is chief global investment strategist at Charles Schwab
For many investors, recent regulatory actions by China have been unnerving. It has sparked fears that the country has made a sudden and risky policy shift that is anti-business and anti-investor.
The slow slide in China’s stock market from its February peak sharply accelerated in the third quarter. Investors seemed to switch from calmly interpreting regulators’ actions as only focused on a few big tech firms to alarm that no industry is isolated from a sudden rush of regulatory reforms.
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