Chinese Stock Markets Lose $7 Trillion Since 2021 Amid 5-Year Lows 📉
Chinese stock markets in Shanghai, Shenzhen, and Hong Kong have experienced a $7 trillion decline since 2021, reaching five-year lows comparable to early 2000s US tech crash. Discover the key factors behind this dramatic downturn.
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Chinese stock markets in Shanghai, Shenzhen, and Hong Kong have lost about $7 trillion in value since 2021, with indexes recently hitting 5-year lows. The downturn is due to China's slowing economy following its zero-COVID policy, a troubled real estate sector, and weaker global demand for Chinese exports and manufacturing. President Xi Jinping is reportedly considering interventions to support stocks, which rose slightly on the news.
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Feb 8, 2024
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