Investors rewrite private sector playbook amid China's anti-graft crackdowns

Investors rewrite private sector playbook amid China's anti-graft crackdowns

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

Buy the state, sell the capitalist – that’s how global investors are trying to play China’s latest anti-graft crackdowns as they see private enterprise increasingly sidelined in Beijing’s quest for “common prosperity”.

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