This year, the Chinese government has put a lot of pressure on key strategic sectors of the economy. Beijing has tightened control over its growing private screening sector before increasing its pressure on technology titans. Alibaba Inc. (NYSE: Baba) and Tencent Holdings (OTCPK: TCEHY). Of The wave of activity has removed tens of billions of dollars from China’s major technology sector in recent months, but it has proved to be a huge bonus for China’s clean energy sector.
As investors turn to clean energy, shares of China’s clean energy companies have been booming, and Beijing will continue to support the fast-growing sector as Big Tech cools down.
After a discontinued business during the first few months of the year, Chinese CSI New Energy Index It has increased by 55% in the last three months, this time related to the conflict.
In contrast, Hong Kong Sung Tech Technical Index Decreased by 12% during the period, KraneShares CSI China Internet ETF (NYSEARCA: KWEB) It dropped 57% after mid-February. KWEB in Information Technology, Software and Services and IT Services, Tantent, Alibaba and JD.com Inc. (NASDAQ: JD) The three largest holdings.
Related: Gazprom: Nord Stream will supply gas to Europe on May 2 this year
In the first half of the year, Chinese currencies, which focused heavily on green energy issues, easily outperformed other Chinese broadcasts, with Kai-Kong Chai, a senior portfolio manager for major Chinese stocks in Hong Kong, Hong Kong. The company is very significant in the renewable energy sector, especially in companies in the solar supply chain.
Tea houses in trouble
A dramatic change in growth was announced in Beijing in June Large reductions in import quotas For the country’s private oil refineries. According to Reuters, there were Chinese neutral filters Awarded In the second quarter of this year, 35.24 million tons of crude oil imports fell by 35% from 53.88 million tons for the same period a year ago.
The biggest reduction came as a component Government action Over the past five years, there has been a significant increase in the number of private Chinese filters known as Shapot. The move is intended to give Beijing more control over foreign oil flow, as it doubles Beijing’s corrupt practices, such as tax evasion, oil smuggling and violations of environmental and emissions regulations.
The move aims to re-control China’s crude oil refining sector, starting with private refineries, over state-controlled factories. And he remembers the action he took in the past on the big tech projects that were seen to be dangerously dangerous and endangering party politics.
If Chinese tea houses are rooted, government players are constantly gaining market share China Petroleum and Chemical Corporation (NYSE: SNP), also known as Synopek, And Petro China Company (NYSE: PTR) After Beijing partially liberated its oil industry in 2015. Shipote goods now control about 30% of China’s crude volume. In 2013, it reached ~ 10%.
China’s national oil companies (NOCs) could emerge as the biggest winners due to strong emissions and growing climate. As reported here.
In the expanding Chinese technology sector, the ax fell further.
Since then, the sector has been hit hard by a wave of control Alibaba Group Founder Jack Ma criticized the government last year for calling it excessive. Beijing has responded by canceling the much-anticipated Mao IPO Group of antsThe world’s largest Fintech – in the process of “correcting” the company and preventing further “capital chaos”.»
Beijing has not been blurred by any sign of further progress.
Over the past few months, attacks on various sectors of the Chinese economy have sent shockwaves through the global financial markets, with US investors finding themselves in the hot spot in some of the hottest sectors.
First, Beijing dismantled bitcoin by restricting bitcoin mining due to excessive speculation and warning not to provide crypto services.
Supervisors then turned their eyes to a giant man riding a Chinese horse DD Global Inc. (NYSE: DIDI) Information breach allegations before Chinese anti-trust administrator Tencent Music Entertainment (NYSE: TME) To grant exclusive music license for online music.
Beijing recently cracked down on China’s wide online gaming sector, Tencent Holdings and Whip XD Inc. (OTCPK: XDNCF) Chinese government-controlled publication describes online games as “spiritual opium” And “electronic drugs” according to several reports.
Meanwhile, their American video game peers Activity Breeze (NASDAQ: ATVI), Electronic Arts (NASDAQ: EA) and Take: Two interactive software (NASDAQ: TTWO)
Activism, in turn, poses a significant threat to the central government call of Duty franchise; E.A. Latest SEC file This shows that the total budget for 2021 is $ 5.21 billion, $ 3.2 billion from international sources, and 39% of the quarter is $ 813.4 million from international markets.
By Alex Kimani to Oilprice.com
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