A Group Linked To The Chinese Government Has Warned Of A Looming 'financial Panic'

Reuters Chinese stocks are in a bear market and its currency has fallen to the lowest level this year. It’s now starting to look a bit like 2015, a period when Chinese financial markets were in meltdown. China’s National Institution for Finance and Development (NIFD), a Chinese government-backed think tank, warned this week of a looming “financial panic.” Sentiment on the Chinese economy has taken a turn for the worse. Chinese economic data has started to falter after a period of near-relentless consistency over the past couple of years.

 

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