Chinese Stocks Plunge as Economy Slows and Investors Worry About Unpredictable Regulations
• Chinese stocks are having their worst start to a year since 2016, with indexes down over 12% in January • Investors are disappointed by lack of new stimulus measures from the government to support the struggling economy • China's economy grew just 5.2% last year, one of its worst performances in over 3 decades • Foreign investment into China fell 8% in 2023 as companies grow wary of crackdowns and strict regulations • Chinese premier tried reassuring investors of growth opportunities, but many see an unpredictable regulatory landscape