China’s State Buying Helps Stocks Weather Global Turmoil
China’s onshore stocks have been resilient to global market volatility and turmoil, largely due to state-backed buying and solid economic data. Despite the US tariff war initiated by President Donald Trump in April, China’s CSI 300 Index has lost only 2.6% compared to a 6% decline for the S&P 500 index. State-backed purchases of nearly … Read more