Read an equity investment perspective following a for-profit ban in education firms and increased regulation around its tech giants.
"It doesn't matter whether the cat is black or white, as long as it catches mice" – Deng Xiaoping1
Deng Xiaoping is often considered the architect of modern China, having advocated a pragmatic approach to economic development and embraced the free-market system of western economies. However, many of the principles he endorsed have seemingly been turned on their heads in the past few months and markets have begun to question whether the economic system born out of Deng’s reforms in the late 1970s is about to change for good. Read full article
1https://www.theguardian.com/business/2008/dec/18/globaleconomy-economics
