China’s campaign to clamp down on industries ranging from steel to education to property has roiled financial markets and curbed the outlook for growth in the world’s second-largest economy. Beijing has signalled there is more regulation for businesses in years to come, but economists say authorities will need to carefully manage the pace and intensity of that against an economy weakening faster than expected this year following fresh virus outbreaks in the country.China will strive to complete…
Source : South China Morning Post
Read more…How is China’s regulatory crackdown already hurting its economy?
