Finshots Daily Can China save its stock market from India?
7 snips
Feb 9, 2024 China's efforts to protect its stock market from a crash, comparing it to previous interventions in 2015 and discussing the consequences and impact on foreign investors.
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China vs India Stock Market Performance
- China's CSI 300 index fell 15% in 2023, while India's market surged 20%.
- This success partly stemmed from substantial foreign investments exceeding $21 billion.
China's Market Intervention
- China is intervening to bolster its stock market, possibly in response to India's gains.
- Measures include tax cuts, relaxed banking rules, and government-backed companies investing.
2015 Market Intervention
- In 2015, China's government formed a 'national team' to invest in the crashing stock market.
- This intervention seemingly worked, with the CSI 300 outperforming the S&P 500.