Premarket stocks: China’s escalating crackdown on business is moving stocks
CNNA version of this story first appeared in CNN Business’ Before the Bell newsletter. You can sign up right here London CNN Business — The whims of regulators in Beijing have always posed a risk to investors looking to tap into growth in China, the world’s second largest economy. Shares of Meituan, China’s largest food delivery service, plummeted on Monday after the government posted notices that online food platforms must treat their workers better, Bloomberg reports. Analysts at Nomura said in a research note that the latest developments have “the potential to further dent foreign investors’ confidence in China stocks.” “Bruised and shaken investors are now likely to ponder which other areas could potentially become the next target of expanded state control,” they wrote. ET, CNN Business presents “Foreseeable Future: A Conversation about the Workplace Revolution.” Join CNN Business’ Kathryn Vasel in conversation with Microsoft CEO Satya Nadella, followed by a panel discussion with DocuSign CEO Dan Springer, Vimeo CEO Anjali Sud and BetterUp Co-Founder and CEO Alexi Robichaux.
History of this topic
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