That includes the worst two-day decline since 2008:
The latest crash came after Chinese leaders decided the country’s after-school tutoring companies could no longer turn a profit. The news sent US-listed stocks like New Oriental Education (EDU) down -85%.
But the selling has not been confined to Chinese education stocks, as popular US-listed Chinese stocks like Alibaba (BABA), Nio Inc. (NIO), and Tencent (TEHCY) have also cratered:
I’ve had many people ask if they should buy the dip in Chinese stocks. To make that decision, you must understand why the Chinese government is smashing its tech industry.
Hide When There’s Blood in the Streets
The crackdown on Chinese tech companies started back in November 2020 when Alibaba founder Jack Ma criticized the Chinese government at an event in Shanghai. ...
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