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Crackdown shows China’s ready to do ‘whatever it takes’ when it sees social problems, - superadmin - 08-02-2021 Crackdown shows China’s ready to do ‘whatever it takes’ when it sees social problems, major Asia bank says Dennis Lam of DBS says stock market volatility is not a consideration when China wants to address socioeconomic issues. For sectors that face high risk of regulation, including education, e-commerce, internet and health care, it’s “prudent for the investor to basically expect the worst,” he said. His comments come after a week of volatile trading for Chinese tech and education stocks, including two listed in the U.S. China’s crackdown on private education signals that Beijing is willing to take strong action when it perceives socioeconomic problems — regardless of what investors may want, according to an equity strategist at a major Asian bank. “The government is ready to do whatever it takes to rectify perceived social, economic issues,” DBS’ Dennis Lam said during a webinar Thursday, pointing to the speed, efficiency and strength of China’s new policy. “Stock market volatility is not a consideration at all,” according to Lam. For sectors that face high risk of regulation, including education, e-commerce, internet and health care, it’s “prudent for the investor to basically expect the worst,” he said. - More -