- The Chinese government has taken a stricter stance on some of the large consumer tech names, the education sector and some of the Macau gaming names.
- Amid this backdrop, we believe there is the potential for further regulatory action toward sectors that are linked to these issues, such as healthcare.
- As of this writing, the risks seem to be ring-fenced around the property sector, as we aren’t seeing many signs of contagion leaking through to other parts of the economy or, for that matter, outside of China.
For further details see:
Risks In China Are Growing, But Manageable