Source: Newsweek
Hi fintech friends,
The movements of China's stock market have been the talk of the town this past week. As Axios commented, "the entire country of China somehow became a meme stock". So true! As people returning to work from the golden week, the market took a dip last Wednesday after the government announced a smaller-than-expected stimulus package.
This caught some investors off guard and even led to a question: Will China become the next Japan? Now All eyes are on the finance ministry on Saturday as they will detail new initiatives to boost the economy.
We shall see.
Data: FactSet; Chart: Axios Visuals
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