Posted 1/23/2024, 8:15:00 PM
Chinese Stocks in 16-Year Slump as Investors Flee to Safety of Bonds Amid Slowing Economy
- Chinese stock prices have lost money over the last 16 years, falling back to 2005 levels
- Chinese treasury bonds have rallied as investors flee risky assets for safety of government bonds
- Signs of government intervention to prop up Chinese stock market have increased recently
- China's economy is slowing, with weak household consumption, exports, and investment
- At 17% of global GDP, China's $18 trillion economy is second largest globally behind the 25% US share