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China is Rocked by Uncertainty. Why is Wall Street Bullish?

This year has been unsettling for Chinese business. The ruling Communist Party has gone after the private sector [industry](//www.nytimes.com/2021/07/05/technology/china-didi-crackdown.html) by [industry](//www.nytimes.com/2021/08/30/business/media/china-online-games.html) . The stock markets have taken a huge hit. The country’s biggest property developer is [on the verge of collapse](//www.nytimes.com/article/evergrande-debt-crisis.html)…

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