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Why Chinese Stocks Were Tumbling en Masse Today

Why Chinese Stocks Were Tumbling en Masse Today

Chinese stocks were diving today, once again on fears of a regulatory crackdown by the Chinese government. This time the focus was on Chinese education stocks as a number of news outlets reported that officials may ask Chinese tutoring companies like TAL Education Group and New Oriental Education Group to become nonprofits, a move that would have obvious consequences for investors. The fallout hit Chinese stocks broadly and came as fears have been mounting over intervention from the Chinese Communist Party.