Chinese Stock Markets Lose $7 Trillion Since 2021 Amid 5-Year Lows π
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.
Benzinga
226 views β’ Feb 8, 2024
About this video
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.
Video Information
Views
226
Duration
0:48
Published
Feb 8, 2024
Related Trending Topics
LIVE TRENDSRelated trending topics. Click any trend to explore more videos.