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Riding on the winds of China's policy shift
Despite its battered Internet sector, areas like 5G, greentech and new mobility are thriving.
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Beijing's deeper ambitions for more sustainable development and inclusive growth will bring about both winners and losers.
PHOTO: EPA-EFE
Tan Min Lan for The Straits Times
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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.
