2023-08-28 18:37:34
Evergrande headquarters in Shenzen
The shares of the real estate group collapsed by 87 percent on Monday.
(Photo: AP)
Frankfurt At the end of the trading day, the enthusiasm was only fleeting: After the Chinese government announced new measures to support the crisis-ridden capital markets, investors initially reacted with relief on Monday, which was expressed in significant price gains on the Shanghai and Shenzhen stock exchanges. But the good mood quickly evaporated, with a large part of the profits being lost on the same trading day.
Analysts and economists fear that the crisis in the Chinese capital and real estate markets is far from over. The experts warn that such funds are insufficient to solve the structural problems of the Chinese economy.
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