Riding on the winds of China’s policy shift

SINGAPORE – All eyes have been on China lately. Beijing’s new vision to achieve “common prosperity” is raising alarm over a broader, longer-lasting regulatory crackdown and a vast wealth redistribution.

About US$1 trillion (S$1.34 trillion) has been wiped from technology sector valuations, and many investors, including long-term China backers, have paused funding activities.

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