Posted 1/23/2024, 1:28:39 AM
China Acts to Stem $1 Trillion Stock Rout
- China's Premier Li Qiang orders steps to stabilize stock market after $1 trillion rout
- Authorities told to attract long-term capital and improve quality of listed companies
- Meeting signals government attempt to put floor under plunging mainland and Hong Kong stocks
- Stocks bounce back on Tuesday after sharp losses, but concerns remain about policy risks
- Premier Li said China focused on internal drivers, not stimulus, during COVID recovery