People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP
People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why China’s crackdown on tech and education won’t scare off global investors

  • The double whammy of the trade war and the pandemic has caused Beijing to double down on efforts to preserve stability and maintain control
  • Still, concerns over such interventions have not put off foreign investors, and falls in Chinese tech stocks are creating attractive buying opportunities

People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP
People walk past the headquarters of Didi Chuxing in Beijing on July 2. The “Didi effect” – the fallout from Beijing’s launch of a data security probe against the ride-hailing group just days after its initial public offering in New York – has wreaked havoc with China-sensitive assets. Photo: AFP
READ FULL ARTICLE
Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.