The Shanghai Composite Index didn't care much about the US government's latest bailout scheme. Chinese stocks lost another -2.7% overnight, taking the index to fresh lows at 2143.
Chinese growth is slowing, and the locals know it. Don't forget that post Japan's Olympics in 1964, their annual GDP growth dropped from +13% y/y to 5%.
Chinese growth is slowing, and the locals know it. Don't forget that post Japan's Olympics in 1964, their annual GDP growth dropped from +13% y/y to 5%.
- China's Stock Market has lost 64.8% of it's value since the October "It's Global This Time" high.
KM
(Chart courtesy of StockCharts.com)