China's private-sector crackdown is of concern for Singapore economy, analysts say

CHINA'S crackdown on private industry has emerged as a major concern for watchers of the Singapore economy, along with pessimism over an export slowdown and worsening fears about the Covid-19 pandemic.

This emerged from the latest quarterly survey of professional forecasters conducted by the Monetary Authority of Singapore (MAS), which was published on Wednesday.

"China's tech crackdown and push to reduce income inequality may weigh on investment and spending," said Lee Ju Ye, an economist at Maybank Kim Eng, who also flagged supply-chain risks from China's aggressive pursuit of a zero-Covid posture.