EconoGraphics
Mar 22, 2021
China’s ‘Two Sessions’ goes off script
By
Niels Graham, Josh Lipsky
Since their peak in mid-February, Chinese markets have lost $1.3 trillion dollars in value. The market route was likely caused by Beijing’s announcement of tighter fiscal policy and worries about inflation risks in America. Nevertheless, it is still unclear if the Chinese can tolerate the kind of volatility capitalist countries are accustomed to.