Traders Seeking China’s Next Target Focus on Pets, Beauty Brands
- Stock markets have been sensitive to state media warnings
- Beijing has signaled that the crackdown will be prolonged
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For investors in China seeking clues as to how far President Xi Jinping’s widening crackdown will go, any sector deemed to be of national interest could be in the crosshairs.
In the weeks following a ban on profits in the $100 billion education sector, stocks have gyrated on state media warnings on everything from gaming addiction, alcohol and e-cigarettes to over-marketing of infant formula. Authorities have this week also stepped up scrutiny over insurance technology platforms.