Beyond 2022: The three long-term consequences of China's 'shared prosperity' push

Country's economic growth at risk

clock • 4 min read

At the start of the new year, China remains the region most shrouded by political and regulatory uncertainty.

Throughout 2021, China initiated the rollout of a broad wave of new regulations, motivated by the objective of working towards ‘shared prosperity' and ensuring that China's ‘fruits are shared by the people'. The Chinese authorities tried to achieve this in two ways. First, by tightening financial conditions, including by limiting the borrowing available to property developers. Second, by imposing new regulations on certain activities such as online tuition, which has been forced into non-profit status. Chinese fixed income: Is it worth the hassle? There are clear risks fo...

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