Xi Jinping’s Private Sector Crackdown Catches Wall Street Off Guard

Xi Jinping’s Private Sector Crackdown Catches Wall Street Off Guard
The New York Stock Exchange (NYSE) is seen at Wall Street in New York City, on Aug. 3, 2020. Angela Weiss/AFP via Getty Images
Justin Zhang
Updated:
News Analysis

The Chinese regime under Xi Jinping recently disciplined a number of private companies that have close ties with Xi’s political opponent, the Jiang Zemin faction. The series of crackdowns caught Wall Street by surprise.

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