When Stocks Crash, China Turns to Its ‘National Team’

It rose to prominence when China’s stock market imploded in 2015, spending billions of dollars on equities as the authorities scrambled to stem the losses. Media and market watchers regularly refer to it, but it’s rarely mentioned by Chinese officialdom. There were even questions in 2018 about the desire to keep it going. But worry not, Chinese stockholders, the “national team” is here to (try to) save the day.

Leave a Reply

%d bloggers like this: