these companies are mostly in the business of monetizing status anxiety in which you have the salespeople from the online education firms really preying on the middle class dreams of sending the kids to the best universities. reporter: there s another force behind the takedown, redirecting the sector toward hard tech like semiconductors and ai. the chinese government wants technological supremacy, setting global standards, shaping future technologies especially in the critical and high-tech areas creating general purpose technologies that will influence economies all around the world. reporter: that s one reason why influential investors still see opportunity. blackrock, the world s largest asset manager, is reported as saying investors should as much as triple allocations in chinese assets. billionaire hedge fund founder ray dal yo says investors should keep their faith in china.