How China’s Financial Sector Crackdown Could Affect Alibaba

In 2018, China intends to improve supervision of its financial sector, according to an annual work report released recently by the country’s head of government, Li Keqiang. The report also included projections for growth and inflation in 2018, with China expecting its economy to expand ~6.5%. As part of China’s increasing supervision of its financial sector to reduce risks, it is expected to continue its crackdown on Internet finance and shadow banking, the practice of providing financial services under unregulated conditions.