Xi Jinping smiled and hinted at a policy bombshell that would soon roil stock markets from Shanghai to New York.
It was mid-June, and the most powerful Chinese Communist Party leader since Mao Zedong was holding court at an after-school club for elementary students in the remote city of Xining. Acknowledging the growing pressure on students and their parents to spend time and money on private tutoring, Xi promised to ease their burden.
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August 02, 2021 at 04:00AM
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China Tech Crackdown: Communist Party Policy Changes Behind $1 Trillion Selloff - Bloomberg
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