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Beijing coordinates interventions over market concerns, Bloomberg reports

Beijing coordinates interventions over market concerns, Bloomberg reports
Beijing acts to address market fragility

Bloomberg has reported that Beijing is coordinating interventions aimed at addressing concerns about market fragility and working to prevent selling pressure from escalating into a downward spiral.

Michael Pettis, an economist and professor of finance, posted the report highlighting the urgency expressed by authorities in China.

Earlier this year, Michael Pettis reported that China reduced its total number of banks by nearly a quarter following over 670 closures in 2023. Separately, he has highlighted how China’s rising debt is limiting the government’s fiscal space for broad new economic stimulus. These developments come as authorities respond to renewed concerns about market stability.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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