China's $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

January 19, 2024---Property sector's slump and geopolitical risks are negatives
China's valuation discount to India hit a record this week
Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

Grim milestones have kept piling up in recent days: Tokyo has overtaken

Shanghai as Asia's biggest equity market, while India's valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation's asset management industry, pushing mutual fund closures to a five-year high.

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.