Risk Watch: The Chinese Stock Market Plunge and Factional Politics

◎ The timing of the plunge and other odd developments suggest that CCP factional politics could be a factor influencing the recent sell-offs. After rallying for weeks, Chinese stocks abruptly plummeted on March 8. The Shanghai Composite Index lost 4.4 percent and closed below the key 3,000 point level. Meanwhile, the Shenzhen Component Index lost 3.25 …

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