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Wall Street Keeps Overestimating China's Macro Data
Market Depth
The HangSang Tech Rally in China
The HangSang tech sector rallied 10% on the week and that lifted the broader HangSang index up for a massively strong week. Why did big tech rally in China? Because you had a series of actions from the top officials and regulators. Things like financial getting fined a billion dollars which is basically being interpreted as the end of the tech crackdown. And then more significantly, you have Premier Li meeting with executives of all these mega tech platform companies for offering so-called like support of the platform economy.
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