China’s 2019 Stock Outlook: Silk Purse or More Sow’s Ear?
China’s stock markets have been in the dog house this year and are set to be among the world’s worst performers of 2018 — the benchmark Shanghai Composite Index has dropped almost 22% as of Dec. 11, more than any other major stock index, and is set for its biggest annual slump since the Global Financial Crisis in 2008.
Pessimism has ruled over domestic investors this year as concerns have mounted over slowing economic growth and the intensifying trade war with the U.S. The government’s campaign to rein in financial risks has also hurt the market, squeezing liquidity and forcing many big shareholders to sell stakes they had pledged to get loans.
- 1Renowned Stanford Physicist Shoucheng Zhang Dies at 55
- 2Why Former Australian Leader Believes China is About to Outflank Trump on Trade
- 3China: Meng Wanzhou is a Chinese Citizen
- 4Update: Huawei CFO Arrested for Allegedly Violating U.S. Sanctions on Iran
- 5Arrested Huawei Executive Reportedly Linked to Firm That Once Tried to Sell U.S. Goods to Iran
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas