Beijing’s Big Tech, Refiner Crackdown Sends Clean Energy Stocks Flying ...Middle East

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Beijing’s Big Tech, Refiner Crackdown Sends Clean Energy Stocks Flying
source : OILPRICE ( Middle East ) () 5
The current year has seen a massive wave of regulatory pressure by the Chinese government on key strategic sectors of its economy. Beijing has tightened regulatory scrutiny on its budding private refiners sector before ramping up pressure on tech titans such as Alibaba Inc. (NYSE:BABA)and Tencent Holdings (OTCPK:TCEHY). The wave of crackdowns has, in a matter of months, knocked off tens of billions of dollars from China's pivotal tech sector, but proven to be a huge bonanza for China's clean energy sector. Shares in Chinese clean energy companies…

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