Chinese stocks have had a very bad week. China’s blue-chip CSI 300 index, comprising 300 major stocks listed in Shanghai and Shenzhen, also fell 4.6%, notching its worst week since October 2022. Beijing fails to convinceLast week, the People’s Bank of China and Chinese government announced that they would expand access to commercial bank loans for property developers. The new measures briefly restored a degree of calm among investors last week, but they are still clearly worried about the trajectory of China’s economy. The analysts said the Chinese investors they had spoken to were concerned about the long-term outlook for the economy, and had “low expectations” for government stimulus measures.

Source: CNN February 02, 2024 12:20 UTC