Selling pressure keeps mounting on Chinese stocks. Since 2015, where globalization was enjoying its prime time and China was at the center of global manufacturing, Chinese equities have been in a trading range, and are currently experiencing some selling pressure due to lower growth, real estate bankruptcies, and deflation, which is probably going to force authorities to work on a stimulus plan to revive the economy. They have already banned short selling, but despite that, H shares are trading around 30% below their mainland peers on the A share market, which indicates there is more downside to come. Growth for 2024 might be sub 5%, creating social tensions, which in the west typically pushes government to take military actions to divert attention from domestic issues.
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