Why It’s So Hard for China to Shake Uninvestable Tag: QuickTake

Two years after foreign funds started calling China “uninvestable,” it looked like President Xi Jinping had found a formula to lure them back. His very public pivot away from Covid Zero at the end of last year was accompanied by a string of market-friendly reversals for hard-hit sectors like property and Big Tech. Bold steps to shore up the economy paired with a decisive shift in tone from regulators and state media in favor of private enterprise. Yet market confidence remains shaky — a situation that wasn’t helped when authorities, using a new counter-espionage law, started raiding offices ...