The Chinese government intervenes on the stock market

After revealing last night that the slowdown in China was stronger than expected with a GDP of 6.5% for the third quarter compared to the expected 6.6%, investors turned to the stock market of Asian giant, which had reached its lowest level in four years, but the Beijing government had a letter in his sleeve. 19659003] Chinese market regulators intervened last night to support a stock market suffering from the high indebtedness of the local economy and the American trade war.

Through a verbal intervention coordinated by the government leaders of the Chinese central bank, securities regulators and banks and insurance companies, pledged financial support to Chinese companies. The comments were published strategically before the Chinese economy experienced its weakest expansion since 2009.

As a result, the CSI 300 grew by almost 3%, while the Shanghai Composite did the same. , 58%.

Of course, the intervention of Beijing did not cross the borders, several Asian trade continuing the negative momentum, like the Nikkei of Japan, which lost 0.56%.