“The government is very determined not only to reactivate the economy, but to send a message to the market and that message is to get back on track,” said Alberto Matellán, chief economist at MAPFRE Inversión.
Even if the measures aren’t as effective as the Chinese government hopes they will be, its clear that one thing is returning back to the Asian market that was sorely missed: Confidence.
“It’s an important problem that isn’t talked about as much, both because of certain decisions taken by the government, because of geopolitics and because of economic developments,” said Matellán.
Read more here Chinese stocks post best week since 2008 (cityam.com)
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