
China’s Stock Market Tumbles, Raising Doubts About CCP’s Stimulus: Experts
Published on October 11, 2024
China’s stock market plunged on Oct. 9, after a sharp rise in late September induced by the Chinese communist regime’s stimulus policies. The indexes of China’s three major exchanges: Beijing, Shanghai, and Shenzhen, continued to fluctuate on Oct. 10. China’s benchmark CSI 300 index—the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange—closed down 7.1 percent, marking the biggest single-day drop since early 2020 when the COVID-19 pandemic broke out. Nearly 5,000 stocks on Shanghai, Shenzhen, and Beijing’s stock markets fell. More than 3,000 stocks fell by more than 9 percent, and 854 companies hit the daily loss limit....
