China’s Shaky Kickoff to 2016

China’s Shaky Kickoff to 2016

China has had a shaky start to 2016. “After three months of relative calm in the nation’s $6.5 trillion stock market, a 7 percent rout to open the new year prompted government funds to prop up share prices on Tuesday, according to people familiar with the matter. The central bank injected the most cash since September into the financial system to keep a lid on borrowing costs, while the monetary authority was also said to intervene in the currency market to prevent excessive volatility.” Many experts say this is going to force China to liberalize their markets.

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