Any hopes that 2024 will be different were nipped early by hints from authorities that they will overlook short-term hiccups as they pursue healthier, long-term growth. — Reuters
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.
