China’s curious stock market has lost faith in the CCP

There is a palpable concern about financial instability in China that travels all the way up to Xi Jinping

stock market
President Xi Jinping (Getty)

Ahead of the Chinese new year holiday, Beijing has been intervening to prop up the country’s stock markets. Regulators have tightened market trading conditions, and this week the head of the China Securities Regulatory Commission, Yi Huiman, was fired abruptly, presumably as the fall-guy for the relentless decline in the markets, which have lost about $6 trillion in value since the end of 2021.

There is a palpable concern about financial instability in China that travels all the way up to Xi Jinping

Chinese equity prices have touched their lowest levels since 2018, and are not far from the lows…

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