Can China Overcome Economic Pessimism Amid Market Decline? Stock Transactions Plummet to Lowest in Over Four Years
Share transactions in China have hit their lowest level in over four years, with turnover on the Shanghai and Shenzhen exchanges dropping nearly $70 billion, the lowest since May 2020. The decline reflects growing pessimism in a weakening economy, exacerbated by an unprecedented housing crisis and a shift toward government bonds. Some investors remain optimistic about China's long-term growth. The CSI 300 Index, China's benchmark, has fallen over 3% this year, making it the worst performer among major global equity indices.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Share transactions in China have hit their lowest level in over four years,
00:06with turnover on the Shanghai and Shenzhen exchanges dropping nearly $70 billion,
00:11the lowest since May 2020. The decline reflects growing pessimism in a weakening economy
00:16exacerbated by an unprecedented housing crisis and a shift toward government bonds.
00:21Some investors remain optimistic about China's long-term growth.
00:25The CSI 300 Index, China's benchmark, has fallen over 3% this year,
00:30making it the worst performer among major global equity indices.
00:33For all things money, visit Benzinga.com.