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China’s stock market has seen an unprecedented rally.

Led by last week’s surge, the Shanghai Composite Index is up more than 19% since the beginning of June. The latest round of government-directed credit tightening, however, has proved to be the catalyst behind these gains.

China’s State Council, China’s cabinet, said on June 20 that China will spend Rmb10 billion ($1.5 billion) to reduce corporate debt. 6add127376 janvany
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