Xi's ability to rapidly overturn existing consensus has left investors in the dark.
The Chinese government has given global investors a series of unpleasant surprises in recent weeks, with several unexpected announcements causing market sell-offs, primarily in tech stocks. Some have argued that investors should have been better prepared, given that the areas affected — including data privacy, online gaming and private tutoring — have long been of concern to policy makers in Beijing.
But the reality is that central government policy-making has become extremely diffi
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