Riding on the winds of China's policy shift

Despite its battered Internet sector, areas like 5G, greentech and new mobility are thriving.

Beijing's deeper ambitions for more sustainable development and inclusive growth will bring about both winners and losers. PHOTO: EPA-EFE
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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.

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