Jun
06
Boom-Bust in China’s Equity Market Leaves an Economic Hangover
By-
Surge in share trading cushioned growth through 2015
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Stock-market slump weighs on financial services industry
As China’s stock market boomed in early 2015, financial services provided a fillip to an ailing economy.
What a difference a year makes: share trading is down more than 80 percent and the number of companies selling stock for the first time has plunged 65 percent. The fading impact on growth from the nation’s financial sector is adding to a list of economic headaches that includes weak demand for exports and a glut of spare capacity in the steel and coal industries…
Boom-Bust in China’s Equity Market Leaves an Economic Hangover
