A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Wednesday, Aug. 18, 2021. Photo: Bloomberg
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Wednesday, Aug. 18, 2021. Photo: Bloomberg

China’s crackdown on Big Tech is a short-term cost for long-term health: state media

  • Chinese state media outlets are trying to reassure rattled investors to maintain confidence in China’s internet companies
  • An ongoing regulatory clampdown has wiped out more than US$1.5 trillion from Chinese technology stocks

Topic |   China technology
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Wednesday, Aug. 18, 2021. Photo: Bloomberg
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Wednesday, Aug. 18, 2021. Photo: Bloomberg
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