Is China investable?

Obviously not. Unless you work at Goldman:

In recent months, the Chinese government has embarked upon a regulatory tightening cycle unprecedented in terms of its duration, intensity, and scope. Regulations targeting specific sectors, including internet platforms, education and property markets, have wiped out more than $1tn of market cap from Chinese equities since their recent peak in mid-February. At the same time, President Xi Jinping has announced a new “common prosperity” agenda to promote more sustainable and equitable growth. As investors and observers try to wrap their heads around these regulatory and policy shifts, what they—and potential future actions—mean for the Chinese economy, its markets and beyond is Top of Mind.

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