Crackdown shows China's ready to do 'whatever it takes' to tackle social issues, 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 to address socioeconomic issues, 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, and pointed to the speed, efficiency and strength of China's new policy.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.

'Major asian bank'? U said HSBC ?

Maybe stop creating social issues eliminating the need to crack down on them… just a thought.

dont trust these chinese

Tackle social issues or tackle threats to the CCP ?

Wow it's like they are willing to sacrifice a small % of their short term growth to guarantee that their nation has a future for its people, unlike America

Too bad their manufacturing just went bust. Blowback baby

Unlike in America, citizens are left to their demise

You dobt make ppl feel better about the market by holding a gun to their head.

It’s a important point for whatever country. It seems US is incapable of doing so.

God damn Chinese government and their abuses to business and to the peoples

Work hard, stay positive, and get up early. It's the best part of the day. — George Allen, Sr.

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