Post by arfanho7 on Feb 24, 2024 7:34:39 GMT
Since June China’s stock market has fallen percent. As the world’s second largest economy China’s crash ripped through world markets including Japan Hong Kong Europe and the United States as uneasy investors instigated historic single day sell offs. Early this week the Chinese government reportedly arrested nearly people including corporate executives government officials and journalists for allegedly.
Spreading false rumors online about the market’s stability. And in a turnabout authorities also announced they will not institute more interventions to rescue the still shaky economy as they had pledged. Dante Roscini HBS MBA is a professor of management practice at Harvard Business School. For two decades he ran Egypt WhatsApp Number List equity capital markets for Goldman Sachs Merrill Lynch and Morgan Stanley. His casework focuses on international investment sovereign debt monetary policy and central banking. Roscini spoke with the Harvard Gazette about China’s economic woes and how they may affect global markets and investors going forward. Christina Pazzanese.
Why were so many caught off guard by this crash Weren’t there warning signs that this might happen Dante Roscini Yes there were warning signs. Some of the indicators in for some time. In January the official data for GDP growth was . percent the weakest in years and the first time in a century that growth fell short of the official target although by only . percent. There has been continuing softness in data regarding manufacturing activity exports and imports. When China made a currency adjustment market participants took fright fearing a much bigger slowdown than they expected.
Spreading false rumors online about the market’s stability. And in a turnabout authorities also announced they will not institute more interventions to rescue the still shaky economy as they had pledged. Dante Roscini HBS MBA is a professor of management practice at Harvard Business School. For two decades he ran Egypt WhatsApp Number List equity capital markets for Goldman Sachs Merrill Lynch and Morgan Stanley. His casework focuses on international investment sovereign debt monetary policy and central banking. Roscini spoke with the Harvard Gazette about China’s economic woes and how they may affect global markets and investors going forward. Christina Pazzanese.
Why were so many caught off guard by this crash Weren’t there warning signs that this might happen Dante Roscini Yes there were warning signs. Some of the indicators in for some time. In January the official data for GDP growth was . percent the weakest in years and the first time in a century that growth fell short of the official target although by only . percent. There has been continuing softness in data regarding manufacturing activity exports and imports. When China made a currency adjustment market participants took fright fearing a much bigger slowdown than they expected.