Stock market crash in China, according to economists not expected to hurt Chinese economy, however evidence shows massive stock market dropped in June did hurt the economy.
Chinese benchmark stock index, which rose more than 150% in less than a year dropped almost 30% starting June, wiping out trillions of dollars in valuation.
Data shows retail sentiment has been hurt by the drop. Passenger car sales in China registered first drop in at least 2 years. Sales slipped 3.4% in June from a year ago.
Chinese government has now tougher job to stem a stock market rout and revive a slowing economy.
According to Passenger Car Association (PCA) slowdown is likely to stay as retail segment has been hit hard in this stock market rout amid economic slowdown.
Expect Peoples Bank of China (PBOC) to adapt further measures to revive sentiment and ease debt burden.


USA at 250: the Black American struggle for life, liberty and the pursuit of happiness
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land
Buy the Dip: Gold Holds Strong at $3980, Targets $4150
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher
Trump has made more than $1 billion from crypto in a year. How?
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook
AI can be a personal trainer in your pocket – but is it safe?
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’
Vietnam’s population hit the 100 million milestone. Where’s it headed?
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 



