China’s New Stimulus Fails to Woo Investors

NTD Newsroom
By NTD Newsroom
August 29, 2023China in Focus

Chinese stocks got a brief uplift when it opened about five percent higher on Monday after authorities announced a tax cut on stock trading for the first time since 2008.

But most of the gains were gone by the afternoon—closing with just above a one-percent gain.

Chinese stocks are among the world’s worst performers in August.

Concerned with the country’s economy and real estate crisis —

Foreign investors have been dumping billions of dollars worth of Chinese stocks in recent weeks.


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