Investors give up futile wait for China to fix economy
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Why have Chinese stocks lost $6 trillion in three years?
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Investors give up futile wait for China to fix economy | Hellenic Shipping News Worldwide
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From hope to hesitancy and now total capitulation, global investors in China are heading for the exits in the world's second-biggest economy and sending its stock market crashing. Stock markets in Hong Kong and Shanghai tumbled on Monday the Shanghai index marking its worst day since April 2022 as investors retreated from what was a 'must have' country in global portfolios just a year ago. The selling seemed to subside on Tuesday as Chinese Premier Li Qiang chaired a cabinet meeting and Bloomberg News reported authorities were considering a package of measures to stabilise the market.