Posted 1/16/2024, 12:22:50 PM
Chinese Stocks Tumble as Investors Lose Confidence
- Chinese stock market has fallen sharply recently, with indexes at multi-year lows
- Authorities trying to stabilize prices by restricting institutional investors from selling
- Central bank declined to cut interest rates as expected, disappointing investors
- Foreign investors pulling money out of Chinese stocks as leadership appears reluctant to intervene
- Newsweek aims to challenge conventional wisdom and find common ground