Target Jumps, Chinese Shares Slump, Markets Brace for Fed Minutes 8/16/23
Squawk on the Street
00:00
China's Struggling Economy and Global Impact
The speakers analyze the current state of China's economy and its repercussions on the global markets, highlighting consistent selling of China stocks by hedge funds. They discuss the urgent need for government intervention and refinancing of certain institutions, while also examining the severe consequences faced by those who violated China's stock market directive in 2015. The potential implications of a Chinese economic downturn on other countries are also explored.
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Transcript
