Chinese Communist Party Launched crackdown on Real Estate and Private Businesses
Chinese Communist Party Launched crackdown on Real Estate and Private Businesses
Beijing’s crackdown on private enterprise wiped more than $1 trillion off the market value of major companies in 2021 [Carlos Garcia Rawlins/ Reuters] By Michele Koh Morollo27/12/2021 China’s crackdown on private enterprise in 2021 knocked more than $1 trillion off the market value of some of the country’s largest companies. Beijing’s tightening grip on the economy came as officials stressed…
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