China’s equity markets are notoriously volatile. But in recent days they have been especially so. After tumbling 4 per cent on Tuesday, Shanghai stocks are now down almost 9 per cent in the past three trading sessions. Investors across the world are taking note.
The wave of selling comes amid growing fears that inflation is getting out of control in China and will require a sharp response from the government.
“The key concern, and the reason the market sold off, is that inflation – particularly food inflation – is proving stronger than expectations. This is something that really worries Communist politicians,” says Chris Ruffle, a fund manager at Martin Currie in Shanghai.
您已閱讀12%（679字），剩餘88%（4925字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。