China’s Premier Li Qiang has urged for more effective measures to stabilize the country’s slumping stock market as the benchmark CSI 300 Index hit a five-year low on Monday. Chinese equities have been on a continuous decline in the past year due to various factors such as the housing market crisis and persistent deflationary pressures in the wider economy. Despite Beijing’s efforts to implement policy responses, they have failed to boost investor sentiment as many are hoping for easier monetary conditions and a significant increase in fiscal stimulus.
The stock market in China continues to struggle as the benchmark CSI 300 Index hit a five-year low, prompting Premier Li Qiang to call for more effective measures to stabilize it. Chinese equities have been selling off for most of the past year, impacted by the housing market crisis and deflationary pressures in the wider economy. Despite Beijing’s policy response, it has not been successful in improving investor sentiment, as many are looking for even easier monetary conditions and a significant increase in fiscal stimulus.
Premier Li Qiang has expressed a need for more effective measures to stabilize China’s slumping stock market after the benchmark CSI 300 Index hit a five-year low. The decline in Chinese equities over the past year has been attributed to various factors, including a housing market crisis and deflationary pressures in the wider economy. Despite efforts by Beijing to implement policy responses, they have not successfully improved investor sentiment, with many hoping for easier monetary conditions and a significant increase in fiscal stimulus.