Rebound in China’s Tech Sector?

 

Hey Trader, In 2021, China launched a huge crackdown on their tech sector. Well, the consumer side of it. They went after social media, video games, rideshare apps, and other consumer-facing tech.  It left everyone wondering: why is Xi destroying such a cash cow of an economic sector in his own country? A few reasons, but basically, consumer tech wasn't serving China's strategic needs in Xi's eyes. On one hand, Chinese big tech firms were growing too powerful, and Xi also wanted wealthy people (many of them in tech) to redistribute some of their wealth. Oh, and the Chinese state media described other consumer tech, like video games, as "spiritual opium" — basically, the country allegedly wants to curb gaming to keep their kids focused on their studies. At the same time, they ramped up investment in strategically important "hard tech" stuff, such as semiconductors. However, this crackdown could be coming to an end. The Chinese government's schedule a symposium with Big Tech firms, which indicates the country might ease up on consumer-facing technology companies… Which is great for my Precision Volume Alerts clients, because we recently added a Chinese tech play to our portfolio. Should China loosen restrictions, these firms will have more freedom to grow… and potentially bring us some healthy profits. Now's a great time to grab this name: >>>Go here and learn how to take advantage. Steve Place Lead Analyst Precision Volume Alerts In Case You Missed It 1. Watch For This Market Bottoming Signal 2. Consider These 4 Uranium Stocks for the Nuclear Energy Revival 3. Here's How Call Options Could Help You During Volatility Disclaimer: Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses. Global Profits System International 14422 Shoreside Way STE 104-153 Winter Garden Florida 34787 United States click here to unsubscribe