The Straits Times
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Between July 22 and July 27, the Nasdaq Golden Dragon China Index - which tracks 98 of China s biggest firms listed in the United States - crashed by more than 22 per cent. The proximate cause was the Chinese government s new regulations on the country s US$100 billion (S$135 billion) after-school education industry that require companies to operate as non-profit entities and bar them from raising foreign capital. This unnerved investors in Chinese comp
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