Greed usually conquers fear when it comes to investing. Investors might well perceive that the sell-off in Chinese equities, caused by Beijing’s recent regulatory crackdown on certain economic sectors, offers a great buying opportunity. “Buy the dip” is a popular mantra with many investors. To do so when the investment landscape has shifted is a dangerous game, though, and the investment landscape has definitely shifted. Beijing might have made reassuring noises last week to calm frayed market nerves after the equities sell-off, but it will not backtrack on its crackdown. Additionally, it is increasingly clear that China-US rivalry is going...