Chinese $7 Trillion Stock Market Losses Comparable to Early 2000s US Tech Stock Bust

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.