Bears enter China stock markets as economic forecasts back down

19.08.2022

China and Hong Kong stocks closed lower on Thursday, hit by increasingly grim growth prospects for the world's second-largest economy, which was dented by COVID-19 outbreaks, a property crisis, a record heat wave and limited room for monetary easing.

China's blue-chip CSI300 Index dropped 0.9%, while the Shanghai Composite Index lost...