Reported about 13 hours ago
China's efforts to support its struggling markets have failed to relieve concerns about an impending economic downturn, with the yuan trading weakly and bond yields approaching record lows. The People's Bank of China's measures, including currency support and bond purchase suspensions, haven't stabilized markets, as analysts argue that a lack of robust fiscal policy is undermining recovery efforts. The ongoing property crisis complicates the outlook further, and with US tariffs looming, investors are advised to proceed cautiously.
Source: YAHOO