1. Uncle Xi's bear market.
- Subjects
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STOCK exchanges , *FINANCIAL crises , *STOCK prices , *TWENTY-first century , *SHORT selling (Securities) , *INTEREST rates , *GROSS domestic product ,ECONOMIC conditions in China, 2000- ,CHINESE economic policy - Abstract
The article focuses on significant declines in China's stock market in June and July of 2015 and its impact on China's economy. It states that the Chinese government has reduced interest rates, capped short-selling, and produced share-buying schemes backed by money from the central bank. It mentions that the value of freely floating shares is around a third of China's gross domestic product and accounts for only 15 percent of household assets. It talks about economic conditions in China.
- Published
- 2015