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Chinese Markets Were Early to the Trade War Meltdown. Now They’re Not So Worried.
Quote:Trade headlines have kept investors on tenterhooks in recent weeks and left stock markets on Wall Street and across much of the world down.
Not in China though. The benchmark Shanghai and Shenzhen stock indexes hit their lows for the year on Oct. 18 after China’s government reported that the country’s economy grew at its slowest pace in nearly a decade during the third quarter. Since then, the two indexes are up 6 percent and 10 percent. By comparison, the S&P 500 has fallen more than 4 percent over that period.
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