Economic news

Review: Chinese stocks fell sharply

Chinese stock markets fell sharply but managed to win back some losses on Monday, after news that the second largest economy in the world had beaten all expectations and demonstrated in the second quarter growth of 6.9%.

Policy makers during the National Financial Work Conference, which is held every five years and ended on Saturday, noted “risk” 31 times and “regulation” 28 times, highlighted Jack Siu, an investment strategist for Asia-Pacific at Credit Suisse.

“Good news is now bad news,” said Siu. “The logic is that the People's Bank of China and the government wants to balance the risk prevention and moderate GDP growth.”

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