Name: China’s New Stimulus Fails to Woo Investors
Uploaded: 2023-08-29T08:30:07.000Z
Description: 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.

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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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