Chinese Stocks Lose $6 Trillion in Value Amid Economic Slowdown and Policy Uncertainty
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Chinese stocks have lost $6 trillion in value over the past 3 years, wiping out the equivalent of twice Britain's annual economic output
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The losses highlight a crisis of confidence among investors worried about China's economic future amidst slowing growth, debt issues, and ideological policy shifts
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China's economy grew just 5.2% in 2022, its slowest pace since 1990, and growth is expected to slow further to 4.5% or less
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Investors are concerned about the lack of effective stimulus policies from Beijing to spark recovery and address structural issues like the real estate crisis
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Chinese authorities are reportedly considering intervening directly in markets by mobilizing over $300 billion to buy mainland stocks, in a bid to stabilize plunging markets