Chinese stocks tumbled more than 7 per cent on Wednesday, snapping a 10-day winning streak on investor fears that Beijing’s stimulus package will not be enough to revive growth in the world’s second-largest economy.
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China’s Golden Week holiday spending lags behind pre-Covid-19 figure
While travellers made 10.2 per cent more trips this year than in 2019, spending rose only by 7.9 per cent. Read more at straitstimes.com.
China stocks fall sharply, set to snap winning streak
Mainland China stocks opened sharply lower Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy.
China’s Golden Week holiday spending lags pre-Covid era, showing more stimulus need
While travelers made 10.2 per cent more trips this year than in 2019, spending only increased by 7.9 per cent. Read more at straitstimes.com.
