Throughout Australia’s five-year China divorce, one the of most interesting features of relationship breakdown is how much of it is led by Beijing. CCP structural constriction, paranoia and arrogance are its own worst enemy, consistently leading to glass-jawed overreactions, withdrawal from engagement and cancelled deals.
Now the world is witnessing the same phenomenon in China stocks as the CCP cracks down on any sector that it sees as any kind of threat to its power, handing investors their arses in the process. Via Goldman:
(Re)balancing socialism and capital markets
