摘要
In a typical hot summer in China, investors never felt chillier amid a rout in the stock market. On June 24, the benchmark Shanghai Composite Index plummeted 5.3 percent, the biggest single-day slump in four years, to 1,963.24 points. The next day, Chinese stocks touched a four-and-a-half-year low before a late rally. The steep decline marked the first time since January 2009 that theShanghai Composite Index had fallen below 1,900 points.
China’scentral bank is determined to guide more money into the real economy while curbing unsavory credit growth In a typical hot summer in China, investors never felt chillier amid a rout in the stock market. On June 24, the benchmark Shanghai Composite Index plummeted 5.3 percent, the biggest single-day slump in four years, to 1,963.24 points. The next day, Chinese stocks touched a four-and-a-half-year low before a late rally. The steep decline marked the first time since January 2009 that
