A Season of U-Turns

Travelers waiting to cross the Hong Kong-China border at Lok Ma Chau, January 8, 2023. *Credit: Vernon Yuen via AP Images*

If 2021 could be characterized as China’s year of crackdowns, these last few months might be called its season of u-turns. It’s not just zero-Covid where China has changed its tune. On property, tech, foreign direct investment and diplomacy, Beijing seems to be adjusting its position too. This week, The Wire looks at China’s recent policy changes: the sectors affected, what’s changed, and what may stay the same. TECH COMPANIES Background: Private technology compani

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