China’s recent anti-graft crackdowns have left global investors choosing the state over the private sector. The latest focus on the medical sector has led investors to draw parallels with previous crackdowns on industries such as private tutoring and consumer finance. These efforts reflect Beijing’s commitment to achieving “common prosperity” by increasing state control in key sectors, such as healthcare and property. As a result, investors are shifting their focus to state-owned companies and sectors that align with the government’s agenda.
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