An investor looks at an electronic board showing stock information at a brokerage house in Shanghai on October 15. Photo: AFP
Chen Zhao
Opinion

Opinion

Macroscope by Chen Zhao

How China’s falling stock market mirrors its failing economic policy

Chen Zhao says the repeated cycle of fiscal and monetary tightening followed by stimulus measures is largely driven by Beijing’s flawed deleveraging policy, and the drop in stock prices is just the latest phase

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An investor looks at an electronic board showing stock information at a brokerage house in Shanghai on October 15. Photo: AFP
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