BEIJING: China's recent clampdowns on a range of industries including tech firms and the education sector will not detract from its goal of opening up the economy, state media said Wednesday , as Beijing rushes to reassure rattled investors.
A fresh push by President Xi Jinping targeting the country's uber-rich and calling for"common prosperity" has added fire to public debate, as have moves to tighten oversight of pop culture. "Unswervingly, the principles and policies of encouraging, supporting and guiding the development of the non-public sector of the economy have not changed," the state outlet added.The editorial on Wednesday added that the regulations are to guide enterprises to obey the ruling party's leadership and serve the country's broader interests of economic and social development.
After causing huge panic in the market, now then tell people not to panic. People already got rid of their investment. Bye bye dude.
Their action shows their real intention.