Foreigners Not Done Dumping China Stocks: Analysts theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Chinese stocks have staged a nascent recovery from a $7 trillion rout, thanks to intensifying rescue efforts as authorities seek to prevent the market from slumping for a fourth straight year. Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen ZersNYCB’s Credit Grade Is Cut to Junk by
Extra help for the economy may be necessary if the government wants to announce an ambitious target for expansion this year when the national legislature convenes in March.
A rescue operation is underway in China's equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors.It is unclear exactly who is buying, or whether their pockets are deep enough to turn around the sliding market.But analysts say the purchasing