globalEDGE Blog Podcast

China's Stock Market Takes Another Hit


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Global markets around the world are expected to plummet as protests in China continue. The protests are due in part to China’s strict zero-Covid policy and citizens' disapproval of such rules. This has been one of the first major government challenges since the Tiananmen crisis more than 30 years ago. China has seen a high number of positive Covid-19 cases, and on Saturday, the nation saw a new high of 40,000 cases. China is the second leading consumer of oil in the world, yet with the intense Covid-19 restrictions, the country is seeing a dip in the amount of production. The nation’s high-risk districts make up close to 65% of China’s gross national domestic product. The country has seen protests for three days and there is no sign of them slowing down.
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globalEDGE Blog PodcastBy globalEDGE