Chinese Stocks Plummet: P/E at 10-Year Low, Evergrande Liquidation Sparks Economic Crisis… Real Estate Index in 85% Free Fall
Chinese stocks hit a decade-low P/E ratio at 8, revealing a concerning trend in valuation practices. In a seismic development, a Hong Kong court orders Evergrande’s liquidation, plunging its stock further, while China’s real estate index remains in an 85% free fall. In response to the crisis, China deploys economic stimuli, contemplating a short selling …