Investment outlook for China amid tightening policies

CHINA, a rising superpower, has seen some road bumps recently. Despite initial success in taming the Covid-19 pandemic and attaining growth of 6.5 per cent in 2020, China's economy has begun to slow this year.

Under the slogan of "common prosperity" announced by President Xi Jinping to narrow the country's wealth gap, regulators have dialled up regulatory scrutiny in the consumer Internet sector and swiftly implemented cybersecurity regulations and curbs on monopolistic practices.

Measures were also put in place to restrict access to online games for minors, while reforms were set in motion for the country's after-school tuition sectors.