Business · Markets · 2 hrs ago

China’s $3.5 trillion stock rout deepens as profits fall

China’s $3.5 trillion stock rout deepens as profits fall

China’s stock rout has reached $3.5 trillion as profits fall.

The story concerns China’s economy and its stock market.

Sinking profits are adding to the market’s problems.

China’s economy is slowing, but the slowdown is described as tolerable.

There is a growing perception that leaders are not rushing to stimulate the economy.

That view darkens the outlook for the market, but no next steps are specified.

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Japan TimesArticle text
Further darkening the outlook is the growing perception that leaders are in no rush to jump-start an economy that is slowing but at a tolerable speed.
via Japan Times