lørdag 31. juli 2021

Ethan Yang: Understanding China’s Financial Market Chaos

Virtually the entire Chinese economy, especially sectors with heavy investment inflows such as technology, social media, and private education, is in a state of flux. Foreign investors are pulling their positions, Chinese CEOs are under strict scrutiny, and stocks are in a free fall as Chinese regulators continue to unleash a regulatory tide fueled by both politics, as well as a genuine desire to alter the economy. CNBC reported on July 25, 2021, that,

At the time of this writing (7/30/2021), Chinese stocks continue to fall with Alibaba, China’s equivalent to Amazon, down 4.35 percent over the last five days. The turmoil is likely to continue as hysteria over the stock selloff mounts amidst real concerns regarding further regulation alongside speculative rumors.