China’s Stock Gutted with Brutal Loss of Over $6 Trillion – This Isn’t Beijing’s Only Problem
For those of you who pay attention to China’s stock market, you may have noticed that it’s getting battered as of late — with $6.3 trillion U.S. in losses and indices hitting five-year lows.
If stock-watchers in Beijing think this is bad, however, they ought to be warned: It could be just a taste of what’s to come.
As CNBC reported Thursday, stocks in mainland China rose slightly “after languishing near five-year lows” due to negative economic data.
On Wednesday, the country announced it had missed GDP growth estimates, growing by 5.2 percent in the fourth quarter of 2023. A Reuters poll had anticipated a growth rate of 5.3 percent.
