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