Caixin

Analysis: Can China Serve as a Safe Haven Amid Global Stock Turmoil?

Published: Aug. 20, 2024  8:31 p.m.  GMT+8
00:00
00:00/00:00
Listen to this article 1x
China's economic growth was driven mainly by exports in the first half, leaving it vulnerable to shocks to the global economy.
China's economic growth was driven mainly by exports in the first half, leaving it vulnerable to shocks to the global economy.

Amid signs of a cooling U.S. economy and disappointing corporate earnings, the U.S. stock market began an adjustment in July. Meanwhile, market expectations for Fed rate cuts have increased significantly, pushing down the U.S. 10-year Treasury yield.

Additionally, Japan has begun its rate hike cycle, bringing up the long-depressed yen, but its stock market has tumbled recently. Coupled with uncertainties surrounding the geopolitical situation in the Middle East, global financial markets may experience significant volatility in the coming months.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe
00:00
00:00/00:00