Why did China’s stock market collapse last week?
A Chinese stock market crash last week, in which the Dow fell more than 300 points, is the latest indication of how quickly the country’s economy is slipping.
China’s market is in freefall, and the country is already suffering from an economic slowdown that has been worsening for years.
So far, China’s economy has contracted by 2.8% annually, according to a government report published on Friday.
But the country faces growing worries about its fragile economy, which has suffered from a decade-long financial crisis and a crippling property bubble that has ballooned in the last decade.
The housing bubble and a glut of cheap Chinese-made consumer goods have fueled China’s slowing growth, and have led to the country having to import nearly twice as much food and fuel than it can sell to meet its growing needs.
The government has blamed the crisis on rampant corruption, and last week said it was considering cutting a third of its budget to fund projects to stabilize the economy.
The stock market crisis is likely to fuel a broader economic slowdown, which would have severe implications for China’s trading partners, especially the United States, and its key ally, South Korea.
A drop in the Dow is just one indicator of a more serious economic slowdown coming.
China has experienced its worst stock market contraction since 2010, when the country suffered a 10% contraction in the first quarter.
But it has also experienced a severe slowdown in its manufacturing sector, and a slowdown in the economy as a whole.
China had been on a steady growth path until the end of last year, when China’s government embarked on massive spending to stimulate the economy and boost exports.
In April, China announced that the country would start implementing a national sales tax on its imports.
The measure was supposed to boost the economy by 5.4% this year, and 6.6% in 2020.
But as of June 30, the government had just announced a 3.9% cut in taxes and a 1.4 percentage point cut in the tax on imported goods.
This has been the biggest economic slowdown in decades, and has sparked fears that the economy could crash.
As a result, China has been forced to tighten its belt, tightening the reins on the economy, and making some of the countrys biggest industries more expensive.
The country’s currency has also fallen to record lows, with the yuan trading at just over US$1.10 against the US dollar.
But that has not stopped the country from cutting spending.
China is also cutting spending on other industries that are important to the rest of the world, such as steel and aluminum.
But those cuts have been mostly temporary, as the government is still adjusting to the economic slowdown.
China was one of the most expensive markets to invest in in the past few years.
The price of gold has risen sharply in recent weeks, and this is making China more attractive for speculators.
The Chinese central bank has been trying to keep prices low and to stabilize markets in recent months, but it has struggled to do so, and now is likely resorting to more aggressive measures.
The People’s Bank of China, which is the central bank, said Friday that it will continue to tighten monetary policy, which will help keep prices down.