China’s Stock Market Drops Below 3,000 Points Again, Despite Intervention

Analysis After experiencing six consecutive weeks of decline and failing to maintain the 3,000-point threshold on the Shanghai Composite Index, China’s stock market ended the first half of the year on the decline, with a volatile rebound on June 28. Despite this, it still fell short of reclaiming the crucial 3,000-point mark. This comes despite a series of new measures rolled by the Chinese Communist Party (CCP) to rescue the market, following the February crash. There are many reasons why China’s stock market has fallen below 3,000 points again, Qin Peng, a U.S.-based current affairs commentator, told The Epoch Times....