China's regulations against education and tech sectors good for country: Xinhua SHANGHAI: China's recent policy tightening against the tutoring industry and Internet platforms is good for long-term development of the country, and China remains committed to opening up its capital markets, the official Xinhua News Agency said late on Wednesday. The Xinhua commentary followed a brutal sell-off in shares of Chinese companies this week. Global investors were spooked by Chinese rules published over the weekend that ban for-profit tutoring in core school subjects. Beijing has also launched an anti-monopoly campaign against tech giants. These policies are not designed to crack…