I invested a chunk of cash in Chinese big tech companies because I was bullish about both the market opportunities and the tech chops of its top companies.
Those investments turned to dust once the government decided tech companies had too much power. I sold and didn’t look back.
Now the acúnese government is trying to woo foreign investors. Fool me once…
https://www.businessinsider.com/china-economy-big-tech-crackdown-investment-cost-trillion-alibaba-tencent-2023-7