Investors Lose $1 Trillion in China’s Wild Week of Market Shocks

  • Date: 31-Jul-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Middle East
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Investors Lose $1 Trillion in China’s Wild Week of Market Shocks

(Bloomberg) -- It began with a record crash in Chinese stocks on Wall Street and only got crazier from there.

The nearly $1 trillion selloff ignited by Beijing’s shock ban on profits at tutoring companies has triggered a new round of soul searching about the investment case for Chinese assets in the Xi Jinping era.