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    HomeNewsOpinionThe Eastern Window: Will the Chinese government's desperate efforts to prop up its free-falling stock markets succeed?

    The Eastern Window: Will the Chinese government's desperate efforts to prop up its free-falling stock markets succeed?

    Over $6 trillion worth of valuation have been wiped out of the Chinese stock markets in the past three years. The government has taken a series of measures to stop the rout but they did not have much effect because the Chinese economy is going through a troubled period. A $278 billion rescue package has been announced but there is little hope of a market recovery

    Saibal Dasgupta
    January 29, 2024 / 09:13 IST
    China has banned short selling and taken several other measures like buying ETFs to check the slide.
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