China pumps $41 billion to halt stock market slide
Edited By WION Video Desk
Published: Apr 23, 2024, 05:10 IST | Updated: Apr 23, 2024, 05:10 IST
China's stock market experienced a significant rebound in the first quarter of 2024, with the stock index rising 14% after hitting five-year lows in February. But here's a catch. To bolster the market, the central state-owned investment fund injected $41 billion, primarily through purchases of exchange-traded funds.
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