Is China ‘Uninvestable’ and What Does That Even Mean?

For more than a year, President Xi Jinping inveighed against the “disorderly expansion of capital” as he launched punishing regulatory and antitrust campaigns against the private sector, from Big Tech to after-school tutoring. That’s made life more difficult for investors, who since the global financial crisis had benefited greatly from an economic boom in the world’s second-largest economy. Those who rode the bull market are now saddled with losses as erratic government policies — and a murky

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