Chinese stocks have been struggling for a while now.
The past three years have witnessed $6 trillion worth of value wiped away from investors.
But what happened? And why is this happening?
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Let’s take a closer look:
What happened?
As per CNN, the stocks in China and Hong Kong have lost $6 trillion in value since 2021.
This week witnessed stock markets in China and Hong Kong slumping to multi-year lows.
The Hang Seng Index is down 10 per cent in 2024.
The Shanghai Composite and Shenzhen Component indexes, meanwhile, have lost seven per cent and 10 per cent this year.
The blue-chip CSI300 Index touched five-year lows this week, is now 47 per cent lower than its peak in February 2021.
The Hong Kong HSI stock index has lost…
